Zach Koff - 14 Jul 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
Issuer symbol: SHAK
Transactions as of: 14 Jul 2022
Net transactions value: -$120,000
Form type: 4
Filing time: 18 Jul 2022, 16:20:28 UTC
Previous filing: 17 Mar 2022
Next filing: 01 Nov 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SHAK	CLASS A COMMON STOCK	Options Exercise	$105,000	+5,000	+16%	$21.00	36,085	14 Jul 2022	Direct	F1
transaction	SHAK	CLASS A COMMON STOCK	Sale	$225,000	-5,000	-14%	$45.00	31,085	14 Jul 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	-5,000	-21%	$0.000000	19,000	14 Jul 2022	CLASS A COMMON STOCK	5,000	$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.