Katherine Irene Fogertey - 02 Aug 2024 Form 4 Insider Report for Shake Shack Inc. (SHAK)

Signature
/s/ Ronald Palmese, Jr. Esq., Attorney-in-Fact for Katherine Fogertey
Issuer symbol
SHAK
Transactions as of
02 Aug 2024
Net transactions value
-$123,003
Form type
4
Filing time
06 Aug 2024, 18:27:45 UTC
Previous filing
17 Jul 2024
Next filing
06 Sep 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SHAK CLASS A COMMON STOCK Sale $4,707 -50 -0.13% $94.14 38,377 02 Aug 2024 Direct F1, F2
transaction SHAK CLASS A COMMON STOCK Sale $29,601 -310 -0.81% $95.49 38,067 02 Aug 2024 Direct F1, F3
transaction SHAK CLASS A COMMON STOCK Sale $44,557 -463 -1.2% $96.24 37,604 02 Aug 2024 Direct F1, F4
transaction SHAK CLASS A COMMON STOCK Sale $12,628 -130 -0.35% $97.14 37,474 02 Aug 2024 Direct F1, F5
transaction SHAK CLASS A COMMON STOCK Sale $982 -10 -0.03% $98.18 37,464 02 Aug 2024 Direct F1, F6
transaction SHAK CLASS A COMMON STOCK Sale $7,216 -77 -0.21% $93.71 37,387 05 Aug 2024 Direct F1, F7
transaction SHAK CLASS A COMMON STOCK Sale $12,419 -131 -0.35% $94.80 37,256 05 Aug 2024 Direct F1, F8
transaction SHAK CLASS A COMMON STOCK Sale $3,826 -40 -0.11% $95.64 37,216 05 Aug 2024 Direct F1, F9
transaction SHAK CLASS A COMMON STOCK Sale $7,068 -73 -0.2% $96.82 37,143 05 Aug 2024 Direct F1, F10
* 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 transactions reported on this Form 4 were effected pursuant to a Rule10b5-1 trading plan entered into by the Reporting Person on March 13, 2024.
F2 The transaction was executed in multiple trades at prices ranging from $93.79 to $94.78. The price reported above reflects the weighted average sales price. The Reporting Person undertakes to provide upon request to the SEC, Shake Shack Inc. (the "Issuer") or a security holder of the Issuer full information regarding the number of shares and prices at which the transactions set forth in footnotes (2) through (10) of this Form were effected.
F3 The transaction was executed in multiple trades at prices ranging from $94.79 to $95.78. The price reported above reflects the weighted average sales price.
F4 The transaction was executed in multiple trades at prices ranging from $95.79 to $96.78. The price reported above reflects the weighted average sales price.
F5 The transaction was executed in multiple trades at prices ranging from $96.79 to $97.78. The price reported above reflects the weighted average sales price.
F6 The transaction was executed in multiple trades at prices ranging from $97.79 to $98.78. The price reported above reflects the weighted average sales price.
F7 The transaction was executed in multiple trades at prices ranging from $93.35 to $94.34. The price reported above reflects the weighted average sales price.
F8 The transaction was executed in multiple trades at prices ranging from $94.35 to $95.34. The price reported above reflects the weighted average sales price.
F9 The transaction was executed in multiple trades at prices ranging from $95.35 to $96.34. The price reported above reflects the weighted average sales price.
F10 The transaction was executed in multiple trades at prices ranging from $96.35 to $97.34. The price reported above reflects the weighted average sales price.