Randall J. Garutti - Mar 1, 2023 Form 4 Insider Report for Shake Shack Inc. (SHAK)

Role: Chief Executive Officer, Director, 10%+ Owner
Signature: /s/ Ronald Palmese, Jr., Esq., Attorney-in-Fact for Randall J. Garutti
Stock symbol: SHAK
Transactions as of: Mar 1, 2023
Transactions value $: $0
Form type: 4
Date filed: 3/3/2023, 03:44 PM
Previous filing: Jun 16, 2022
Next filing: Jun 15, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SHAK	CLASS A COMMON STOCK	Award	$0	+26.3K	+28.96%	$0.00	117K	Mar 1, 2023	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") underlying restricted stock units acquired by Mr. Garutti. On March 1, 2023, pursuant to the Issuer's 2015 Incentive Award Plan, as amended, Mr. Garutti was awarded restricted stock units that represent the right to receive Class A Stock of the Issuer. The restricted stock units representing the right to receive Class A Stock of the Issuer vest in 4 equal installments on each of March 1, 2024, March 1, 2025, March 1, 2026 and March 1, 2027, subject to Mr. Garutti's continued service with the Issuer.

Content

Represents shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") underlying restricted stock units acquired by Mr. Garutti. On March 1, 2023, pursuant to the Issuer's 2015 Incentive Award Plan, as amended, Mr. Garutti was awarded restricted stock units that represent the right to receive Class A Stock of the Issuer. The restricted stock units representing the right to receive Class A Stock of the Issuer vest in 4 equal installments on each of March 1, 2024, March 1, 2025, March 1, 2026 and March 1, 2027, subject to Mr. Garutti's continued service with the Issuer.