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

Role: Director, 10%+ Owner
Signature: /s/ Ronald Palmese, Jr., Esq., Attorney-in-Fact for Daniel Harris Meyer
Stock symbol: SHAK
Transactions as of: Oct 4, 2024
Transactions value $: -$1,100,835
Form type: 4
Date filed: 10/8/2024, 06:14 PM
Previous filing: Oct 3, 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	-$1.1M	-10K	-2.13%	$110.08	460K	Oct 4, 2024	BY TRUST	F1, F2
holding	SHAK	Class A Common Stock, par value $0.001 per share						1.31M	Oct 4, 2024	BY TRUST	F3
holding	SHAK	Class A Common Stock, par value $0.001 per share						2.96K	Oct 4, 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 $110.00 to $110.27. The price reported above reflects the weighted average sales price. 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.
F2	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 Rule 10b5-1 trading plan entered into on March 4, 2024. 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.
F3	Represents shares of Class A Stock of the Issuer held by the DHM 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.