Zach Koff - Jul 14, 2022 Form 4 Insider Report for Shake Shack Inc. (SHAK)

Role
Chief Operating Officer
Signature
/s/ Ronald Palmese Jr., Esq., Attorney-in-Fact for Zachary Koff
Stock symbol
SHAK
Transactions as of
Jul 14, 2022
Transactions value $
-$120,000
Form type
4
Date filed
7/18/2022, 04:20 PM
Previous filing
Mar 17, 2022
Next filing
Nov 1, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SHAK CLASS A COMMON STOCK Options Exercise $105K +5K +16.08% $21.00 36.1K Jul 14, 2022 Direct F1
transaction SHAK CLASS A COMMON STOCK Sale -$225K -5K -13.86% $45.00 31.1K Jul 14, 2022 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SHAK Stock Option (Right to Buy) Options Exercise $0 -5K -20.83% $0.00 19K Jul 14, 2022 CLASS A COMMON STOCK 5K $21.00 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The transactions reported on this Form 4 were all effected pursuant to a 10b5-1 trading plan entered into on June 2, 2022.
F2 Mr. Koff hereby undertakes to provide upon request to the SEC staff, Shake Shack Inc. (the "Issuer") or a security holder of the Issuer full information regarding the number of shares and price at which the transaction was effected.
F3 An option to purchase 106,000 shares of Class A Stock at $21 per share was granted to Mr. Koff on January 29, 2015. All of such options are fully vested.