Shake Shack Inc. — Director's Dealing 2020

May 21, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Shake Shack Inc. (SHAK)
CIK: 0001620533
Period of Report: 2020-05-18

Reporting Person: VIVIAN ROBERT T (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-05-18	CLASS A COMMON STOCK	S	25000	$52.25	Disposed	10312	Direct

Footnotes

F1: The transaction was executed in multiple trades at prices ranging from $52.05 to $52.45. The price reported above reflects the weighted average sales price.

F2: The Reporting Person hereby undertakes to provide upon request to the SEC staff, Shake Shack Inc. (the "Issuer") or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected.