Shake Shack Inc. — Director's Dealing 2023

May 25, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Shake Shack Inc. (SHAK)
CIK: 0001620533
Period of Report: 2023-05-23

Reporting Person: VIVIAN ROBERT T (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-05-23	CLASS A COMMON STOCK	M	14026	$21	Acquired	28428	Direct
2023-05-23	CLASS A COMMON STOCK	M	3405	$34.62	Acquired	31833	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-05-23	Stock Option (Right to Buy)	$21.0	M	14026	Acquired	2025-01-29	CLASS A COMMON STOCK (14026.0)	Direct
2023-05-23	Stock Option (Right to Buy)	$34.62	M	3405	Acquired	2026-05-19	CLASS A COMMON STOCK (3405.0)	Direct

Footnotes

F1: An option to purchase 14,026 shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") at $21 per share was granted to Mr. Vivian on January 29, 2015. 14,026 options vested on January 29, 2016.

F2: An option to purchase 3,405 shares of Class A Stock of the Issuer at $34.62 per share was granted to Mr. Vivian on May 19, 2016. 3,405 options vested on May 19, 2017.