Zach Koff - Mar 15, 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: Mar 15, 2023
Transactions value $: -$29,399
Form type: 4
Date filed: 3/17/2023, 04:50 PM
Previous filing: Mar 3, 2023
Next filing: Jun 23, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SHAK	CLASS A COMMON STOCK	Tax liability	-$19.7K	-356	-0.91%	$55.47	38.9K	Mar 15, 2023	Direct	F1
transaction	SHAK	CLASS A COMMON STOCK	Tax liability	-$9.65K	-174	-0.45%	$55.47	38.7K	Mar 15, 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") withheld for taxes upon the vesting of restricted stock units that were previously acquired by Mr. Koff pursuant to the Issuer's 2015 Incentive Award Plan, as amended (the "Incentive Plan) upon the Issuer's achievement of certain performance criteria for fiscal year 2021, as determined by the Issuer's Compensation Committee on March 15, 2022.
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 Mr. Koff on March 15, 2021 pursuant to the Issuer's 2015 Incentive Plan.

Content

Represents shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") withheld for taxes upon the vesting of restricted stock units that were previously acquired by Mr. Koff pursuant to the Issuer's 2015 Incentive Award Plan, as amended (the "Incentive Plan) upon the Issuer's achievement of certain performance criteria for fiscal year 2021, as determined by the Issuer's Compensation Committee on March 15, 2022.

Represents shares of Class A Stock of the Issuer withheld for taxes upon the vesting of restricted stock units that were previously acquired by Mr. Koff on March 15, 2021 pursuant to the Issuer's 2015 Incentive Plan.