| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | SHAK | Class A Common Stock | Sale | -$57.9K | -771 | -11.84% | $75.07 | 5.74K | Dec 26, 2023 | Direct | F1, F2 |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
| Id | Content |
|---|---|
| F1 | The transaction reported on this Form 4 was effected automatically pursuant to a Rule 10b5-1 trading plan entered into by the Reporting Person on May 18, 2023. |
| F2 | The price reported above reflects the average weighted sales price. The transaction was executed in multiple trades at prices ranging from $75.02 to $75.14. Mr. Flug hereby undertakes to provide upon request to the SEC Staff, Shake Shack Inc. (the "Issuer") or a security holder of the Issuer full information of the number of shares and prices at which the transaction was effected. |