Zach Koff - 28 Oct 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: 28 Oct 2022
Net transactions value: -$132,600
Form type: 4
Filing time: 01 Nov 2022, 18:24:33 UTC
Previous filing: 18 Jul 2022
Next filing: 06 Feb 2023
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	$81,900	+3,900	+13%	$21.00	34,985	28 Oct 2022	Direct	F1
transaction	SHAK	CLASS A COMMON STOCK	Sale	$214,500	-3,900	-11%	$55.00	31,085	28 Oct 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	-3,900	-21%	$0.000000	15,100	28 Oct 2022	CLASS A COMMON STOCK	3,900	$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 Shake 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. 21,200 options vested on each of January 29, 2016, January 29, 2017, January 29, 2018, January 29, 2019, and January 29, 2020.