Shake Shack Inc. — Director's Dealing 2023

Mar 3, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Shake Shack Inc. (SHAK)
CIK: 0001620533
Period of Report: 2023-03-01

Reporting Person: Fogertey Katherine Irene (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-03-01	CLASS A COMMON STOCK	A	10076	—	Acquired	40009	Direct
2023-03-01	CLASS A COMMON STOCK	F	986	$57.07	Disposed	39023	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 Ms. Fogertey. On March 1, 2023, pursuant to the Issuer's 2015 Incentive Award Plan, as amended, Ms. Fogertey 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 in 4 equal installments on each of March 1, 2024, March 1, 2025, March 1, 2026 and March 1, 2027, subject to Ms. Fogertey's continued service with the Issuer.

F2: Represents shares of Class A Stock of the Issuer withheld for taxes upon the vesting of restricted stock units that were previously acquired by Ms. Fogertey on March 1, 2022 pursuant to the Issuer's 2015 Incentive Award Plan, as amended.