Katherine Fogertey - Mar 1, 2023 Form 4 Insider Report for Shake Shack Inc. (SHAK)

Role: Chief Financial Officer
Signature: /s/ Ronald Palmese, Jr. Esq., Attorney-in-Fact for Katherine Fogertey
Stock symbol: SHAK
Transactions as of: Mar 1, 2023
Transactions value $: -$56,271
Form type: 4
Date filed: 3/3/2023, 03:47 PM
Previous filing: Jul 19, 2022
Next filing: Mar 5, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SHAK	CLASS A COMMON STOCK	Award	$0	+10.1K	+33.66%	$0.00	40K	Mar 1, 2023	Direct	F1
transaction	SHAK	CLASS A COMMON STOCK	Tax liability	-$56.3K	-986	-2.46%	$57.07	39K	Mar 1, 2023	Direct	F2

* 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 Ms. Fogertey. On March 1, 2023, pursuant to the Issuer's 2015 Incentive Award Plan, as amended, Ms. Fogertey 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 Ms. Fogertey's continued service with the Issuer.
F2	Represents shares of Class A Stock of the Issuer withheld for taxes upon the vesting of restricted stock units that were previously acquired by Ms. Fogertey on March 1, 2022 pursuant to the Issuer's 2015 Incentive Award Plan, as amended.

Content

Represents shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") underlying restricted stock units acquired by Ms. Fogertey. On March 1, 2023, pursuant to the Issuer's 2015 Incentive Award Plan, as amended, Ms. Fogertey 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 Ms. Fogertey's continued service with the Issuer.

Represents shares of Class A Stock of the Issuer withheld for taxes upon the vesting of restricted stock units that were previously acquired by Ms. Fogertey on March 1, 2022 pursuant to the Issuer's 2015 Incentive Award Plan, as amended.