Zach Koff - Feb 2, 2023 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
Feb 2, 2023
Transactions value $
-$195,000
Form type
4
Date filed
2/6/2023, 05:23 PM
Previous filing
Nov 1, 2022
Next filing
Mar 3, 2023

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 Feb 2, 2023 Direct F1
transaction SHAK CLASS A COMMON STOCK Sale -$300K -5K -13.86% $60.00 31.1K Feb 2, 2023 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 -33.11% $0.00 10.1K Feb 2, 2023 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. 21,200 options vested on each of January 29, 2016, January 29, 2017, January 29, 2018, January 29, 2019, and January 29, 2020.