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).
Id | Content |
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F1 | The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan entered into by the Reporting Person on March 13, 2024. |
F2 | The transaction was executed in multiple trades at prices ranging from $123.79 to $124.7899. The price reported above reflects the weighted average sales price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, Shake Shake 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 (9) were effected. |
F3 | The transaction was executed in multiple trades at prices ranging from $124.79 to $125.7899. The price reported above reflects the weighted average sales price. |
F4 | The transaction was executed in multiple trades at prices ranging from $125.79 to $126.7899. The price reported above reflects the weighted average sales price. |
F5 | The transaction was executed in multiple trades at prices ranging from $126.79 to $127.7899. The price reported above reflects the weighted average sales price. |
F6 | The transaction was executed in multiple trades at prices ranging from $123.95 to $124.9499. The price reported above reflects the weighted average sales price. |
F7 | The transaction was executed in multiple trades at prices ranging from $124.95 to $125.9499. The price reported above reflects the weighted average sales price. |
F8 | The transaction was executed in multiple trades at prices ranging from $125.95 to $126.9499. The price reported above reflects the weighted average sales price. |
F9 | The transaction was executed in multiple trades at prices ranging from $126.95 to $127.9499. The price reported above reflects the weighted average sales price. |