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 |
---|---|
F1 | The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan entered into on March 13, 2024. |
F2 | The transaction was executed in multiple trades at prices ranging from $136.74 to $137.7399. 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 (8) were effected. |
F3 | The transaction was executed in multiple trades at prices ranging from $137.74 to $138.7399. The price reported above reflects the weighted average sales price. |
F4 | The transaction was executed in multiple trades at prices ranging from $136.755 to $137.7549. The price reported above reflects the weighted average sales price. |
F5 | The transaction was executed in multiple trades at prices ranging from $ to $137.755 to $138.7549. The price reported above reflects the weighted average sales price. |
F6 | The transaction was executed in multiple trades at prices ranging from $134.8100 to $135.8099. The price reported above reflects the weighted average sales price. |
F7 | The transaction was executed in multiple trades at prices ranging from $135.8100 to $136.8099. The price reported above reflects the weighted average sales price. |
F8 | The transaction was executed in multiple trades at prices ranging from $136.8100 to $137.8099. The price reported above reflects the weighted average sales price. |