Randall J. Garutti - 22 Feb 2024 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
Issuer symbol: SHAK
Transactions as of: 22 Feb 2024
Net transactions value: $0
Form type: 4
Filing time: 26 Feb 2024, 18:05:29 UTC
Previous filing: 29 Dec 2023
Next filing: 21 Jun 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SHAK	CLASS B COMMON STOCK	Gift	$0	-16,500	-6.5%	$0.000000	237,551	22 Feb 2024	Direct
holding	SHAK	CLASS B COMMON STOCK						55,972	22 Feb 2024	BY TRUST	F1

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	Common Membership Interests	Gift		-16,500	-6.5%		237,551	22 Feb 2024	CLASS A COMMON STOCK	16,500		Direct	F2
holding	SHAK	Common Membership Interests						55,972	22 Feb 2024	CLASS A COMMON STOCK	55,972		BY TRUST	F1, F2

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

Explanation of Responses:

Id	Content
F1	Held by The Randall J. Garutti 2014 GS Trust (the "Trust"). Ronald Garutti, Jr. the brother of Randall Garutti, and Maria Garutti, the wife of Randall Garutti, are the trustees of the Trust. Each Reporting Person disclaims beneficial ownership of such securities except to the extent of such Reporting Person's pecuniary interest therein.
F2	The LLC Interests are redeemable for an equal number of shares of Shake Shack's (the "Issuer") Class A Common Stock or, at the election of the Issuer, cash equal to the volume-weighted average market price of such shares. The LLC Interests have no expiration date.