Shake Shack Inc. — Director's Dealing 2026

Mar 4, 2026

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Shake Shack Inc. (SHAK)
CIK: 0001620533
Period of Report: 2026-03-01

Reporting Person: Shake Shack Inc. (Corporate Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2026-03-01	Class A Common Stock, par value $0.001 per share	A	1059	—	Acquired	4664	Direct
2026-03-01	Class A Common Stock, par value $0.001 per share	F	173	$96.01	Disposed	748	Direct
2026-03-01	Class A Common Stock, par value $0.001 per share	F	132	$96.01	Disposed	568	Direct
2026-03-01	Class A Common Stock, par value $0.001 per share	A	267	—	Acquired	4931	Direct
2026-03-01	Class A Common Stock, par value $0.001 per share	F	151	$96.01	Disposed	4780	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock, par value $0.001 per share	167	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 Mr. Herpich. On March 1, 2026, pursuant to the Issuer's 2025 Incentive Award Plan, Mr. Herpich was awarded restricted stock units representing 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 3 equal installments on each of March 1, 2027, March 1, 2028, and March 1, 2029.

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 Mr. Herpich on March 1, 2025 pursuant to the Issuer's 2025 Incentive Award Plan.

F3: Represents shares of Class A Stock of the Issuer withheld for taxes upon the vesting of restricted stock units that were previously acquired by Mr. Herpich on March 1, 2024 pursuant to the Issuer's 2015 Incentive Award Plan, as amended.

F4: Represents shares of Class A Stock of the Issuer underlying restricted stock units acquired by Mr. Herpich upon the Issuer's achievement of certain performance targets for certain performance criteria for fiscal year 2024. On March 1, 2025, pursuant to the Issuer's 2025 Incentive Award Plan, Mr. Herpich was awarded performance stock units that issue into restricted stock units representing 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, 2025, March 1, 2026, March 1, 2027, and March 1, 2028.

F5: Represents shares of Class A Stock of the Issuer withheld for taxes upon the vesting of restricted stock units that were previously acquired by Mr. Herpich upon the Issuer's achievement of certain performance criteria measured over a 1 year period for fiscal 2024.