Jeffrey Flug - Aug 5, 2024 Form 4 Insider Report for Shake Shack Inc. (SHAK)

Role
Director, 10%+ Owner
Signature
/s/ Ronald Palmese, Jr., Esq., Attorney-in-Fact for Jeffrey Flug
Stock symbol
SHAK
Transactions as of
Aug 5, 2024
Transactions value $
-$27,478
Form type
4
Date filed
8/6/2024, 06:18 PM
Previous filing
Jul 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SHAK CLASS A COMMON STOCK Sale -$27.5K -304 -8.33% $90.39 3.35K Aug 5, 2024 Direct F1
* 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 reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan entered into by the Reporting Person on May 18, 2023.