Daniel Harris Meyer - Feb 23, 2024 Form 4 Insider Report for Shake Shack Inc. (SHAK)

Signature
/s/ Ronald Palmese, Jr., Esq., Attorney-in-Fact for Daniel Harris Meyer
Stock symbol
SHAK
Transactions as of
Feb 23, 2024
Transactions value $
-$3,003,495
Form type
4
Date filed
2/27/2024, 06:34 PM
Previous filing
Feb 20, 2024
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, par value $0.001 per share Sale -$2.4M -24K -4.35% $100.13 526K Feb 23, 2024 BY TRUST F1, F2, F3
transaction SHAK Class A Common Stock, par value $0.001 per share Sale -$604K -6.03K -1.15% $100.08 520K Feb 26, 2024 BY TRUST F2, F3, F4
holding SHAK Class A Common Stock, par value $0.001 per share 1.31M Feb 23, 2024 BY TRUST F5
holding SHAK Class A Common Stock, par value $0.001 per share 1.61K Feb 23, 2024 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The transaction was executed in multiple trades at prices ranging from $100.00 to $100.57. The price reported above reflects the weighted average sales price.
F2 The Daniel H. Meyer Investment Trust (the "Investment Trust") 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 prices at which the transaction was effected.
F3 Shares of Class A common stock ("Class A Stock") of the Issuer were disposed of by Mr. Meyer through the Investment Trust pursuant to a Rule10b5-1 trading plan entered into on August 8, 2023. Mr. Meyer is the grantor, trustee and beneficiary of the Investment Trust. Mr. Meyer disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
F4 The transaction was executed in multiple trades at prices ranging from $100.00 to $100.38. The price reported above reflects the weighted average sales price.
F5 Represents shares of Class A Stock of the Issuer held by the Daniel H. Meyer 2012 Gift Trust, of which Mr. Meyer's spouse is a co-trustee and beneficiary. Mr. McQuinn is a co-trustee. Each Reporting Person disclaims beneficial ownership of such shares except to the extent of such Reporting Persons' pecuniary interest therein.