Shake Shack Inc. — Director's Dealing 2020

Sep 10, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Shake Shack Inc. (SHAK)
CIK: 0001620533
Period of Report: 2020-09-08

Reporting Person: Comonte Tara (PRESIDENT & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-09-08	CLASS A COMMON STOCK	M	1090	$38.91	Acquired	63217	Direct
2020-09-08	CLASS A COMMON STOCK	M	2014	$39.91	Acquired	65231	Direct
2020-09-08	CLASS A COMMON STOCK	M	757	$54.36	Acquired	65988	Direct
2020-09-08	CLASS A COMMON STOCK	S	6452	$65.9561	Disposed	59536	Direct
2020-09-08	CLASS A COMMON STOCK	S	2505	$66.6305	Disposed	57031	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-09-08	Employee Stock Option (right to buy)	$38.91	M	1090	Disposed	2027-06-12	CLASS A COMMON STOCK (1090.0)	Direct
2020-09-08	Employee Stock Option (right to buy)	$39.91	M	2014	Disposed	2028-03-22	CLASS A COMMON STOCK (2014.0)	Direct
2020-09-08	Employee Stock Option (right to buy)	$54.36	M	757	Disposed	2029-03-22	CLASS A COMMON STOCK (757.0)	Direct

Footnotes

F1: The transactions reported on this Form 4 were all effected pursuant to a 10b5-1 trading plan entered into on August 6, 2020.

F2: Represents shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") that were obtained upon Ms. Comonte's cashless exercise of the option to purchase 1,090 shares of Class A Stock.

F3: Represents shares of Class A Stock of the Issuer that were obtained upon Ms. Comonte's cashless exercise of the option to purchase 2,014 shares of Class A Stock.

F4: Represents shares of Class A Stock of the Issuer that were obtained upon Ms. Comonte's cashless exercise of the option to purchase 757 shares of Class A Stock.

F5: Ms. Comonte hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected.

F6: The transaction was executed in multiple trades at prices ranging from $65.39 to $66.3899. The price reported above reflects the weighted average sales price.

F7: The transaction was executed in multiple trades at prices ranging from $66.39 to $67.08. The price reported above reflects the weighted average sales price.

F8: An option to purchase 5,150 shares of Class A Stock at $38.91 per share was granted to Ms. Comonte on June 12, 2017. 1,030 options vested on each of June 12, 2018, June 12, 2019, and June 12, 2020, and the remaining options vest in two equal installments on each of June 12, 2021 and June 21, 2022, subject to Ms. Comonte's continued service with the Issuer.

F9: An option to purchase 5,036 shares of Class A Stock at $39.91 per share was granted to Ms. Comonte on March 22, 2018. 1,007 options vested on each of March 22, 2019 and March 22, 2020, and the remaining options vest in three equal installments on each of March 22, 2021, March 22, 2022, and March 22, 2023, subject to Ms. Comonte's continued service with the Issuer.

F10: An option to purchase 3,785 shares of Class A Stock at $54.36 per share was granted to Ms. Comonte on March 22, 2019. 757 options vested on March 22, 2020 and the remaining options vest in four equal installments on each of March 22, 2021, March 22, 2022, March 22, 2023, and March 22, 2024, subject to Ms. Comonte's continued service with the Issuer.