Shake Shack Inc. — Director's Dealing 2020

Jun 13, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Shake Shack Inc. (SHAK)
CIK: 0001620533
Period of Report: 2020-06-10

Reporting Person: SOKOLOFF JONATHAN D (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-06-10	Class A Common Stock	A	1476	$57.17	Acquired	2887	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (right to buy)	$34.62	2026-05-19	Class A Common Stock (2003)	2003	Direct
Employee Stock Option (right to buy)	$21.00	2025-01-29	Class A Common Stock (8251)	8251	Direct

Footnotes

F1: Represents shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") underlying restricted stock units acquired by the Reporting Person. On June 10, 2020, pursuant to the Issuer's 2015 Incentive Award Plan, as amended, the Issuer's Non-Employee Director Compensation Policy, and the recent approval of the Board of Directors of the Issuer dated June 10, 2020 as reflected in the Current Report on Form 8-K filed with the Securities and Exchange Commission on June 12, 2020, the Reporting Person was awarded restricted stock units that represent the right to receive Class A Stock of the Issuer. The restricted stock units representing the right to receive Class A Stock of the Issuer vest on June 10, 2021, subject to the Reporting Person's continued service with the Issuer.

F2: Of the 2,887 shares of Class A Stock reported, 1,411 are vested and 1,476 will vest on June 10, 2021.

F3: These options are fully vested.

F4: The options reported on this row were granted in respect of the Reporting Person's service on the Issuer's Board of Directors and are held by the Reporting Person for the benefit of Leonard Green & Partners, L.P. These options are fully vested.