Shake Shack Inc. — Director's Dealing 2023

Jun 30, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Shake Shack Inc. (SHAK)
CIK: 0001620533
Period of Report: 2023-06-29

Reporting Person: Meyer Daniel Harris (Director, 10% Owner)
Reporting Person: DANIEL H. MEYER 2012 GIFT TRUST U/A/D 10/31/12 (10% Owner)
Reporting Person: MEYER AUDREY H (10% Owner)
Reporting Person: McQuinn Michael C (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-06-29	Class A Common Stock, par value $0.001 per share	A	1610	$77.65	Acquired	1610	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
CLASS A COMMON STOCK	580437	Indirect
Class A Common Stock, par value $0.001 per share	1305306	Indirect

Footnotes

F1: Represents shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") underlying restricted stock units acquired by Mr. Meyer. On June 29, 2023, pursuant to the Issuer's 2015 Incentive Award Plan, as amended, and the Issuer's Non-Employee Director Compensation Policy, Mr. Meyer 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 29, 2024, subject to Mr. Meyer's continued service with the Issuer.

F2: Includes 3,089 shares of Class A Stock of the Issuer transferred from Mr. Meyer to the Daniel H. Meyer Investment Trust d/t/d 5/15/92 (the "Investment Trust") after the lapse of restrictions on prior restricted stock unit grants. The transfer reflects no change in beneficial ownership or pecuniary interest and is exempt under Rule 16a-13.

F3: Represents Class A Stock of the Issuer held by Mr. Meyer through the Investment Trust. Mr. Meyer is the grantor, trustee and beneficiary of the Investment Trust. Mr. Meyer disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

F4: Represents shares of Class A Stock of the Issuer held by the DHM 2012 Gift Trust, of which Mr. Meyer's spouse is a co-trustee and beneficiary. Mr. McQuinn is a co-trustee. Each Reporting Person disclaims beneficial ownership of such shares except to the extent of such Reporting Persons' pecuniary interest therein.