Robert Lynch - May 23, 2025 Form 4 Insider Report for Shake Shack Inc. (SHAK)

Role: Chief Executive Officer, Director
Signature: /s/ Ronald Palmese, Jr. , Esq., Attorney-in-Fact for Robert Lynch
Stock symbol: SHAK
Transactions as of: May 23, 2025
Transactions value $: -$707,014
Form type: 4
Date filed: 5/28/2025, 06:23 PM
Previous filing: May 5, 2025
Next filing: Jul 14, 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Lynch Robert	Chief Executive Officer, Director	C/O SHAKE SHACK INC., 225 VARICK STREET, SUITE 301, NEW YORK	/s/ Ronald Palmese, Jr. , Esq., Attorney-in-Fact for Robert Lynch	2025-05-28	0001786642

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SHAK	CLASS A COMMON STOCK	Tax liability	-$272K	-2.31K	-4.27%	$117.62	51.8K	May 23, 2025	Direct	F1
transaction	SHAK	CLASS A COMMON STOCK	Tax liability	-$435K	-3.7K	-7.14%	$117.62	48.1K	May 23, 2025	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") withheld for taxes upon the vesting of restricted stock units that were acquired by Mr. Lynch on May 23, 2024 pursuant to Lynch's Employment Agreement with the Issuer (the "Employment Agreement") and the Issuer's 2015 Incentive Award Plan, as amended (the "Incentive Award Plan"). The restricted stock units representing the right to receive Class A Stock of the Issuer vest in 4 equal installments on each of May 23, 2025, May 23, 2026, May 23, 2027, and May 23, 2028.
F2	Represents shares of Class A Stock of the Issuer withheld for taxes upon the vesting of restricted stock units that were acquired by Mr. Lynch on May 23, 2024 pursuant to Mr. Lynch's Employment Agreement and the Issuer's Incentive Award Plan. The restricted stock units representing the right to receive Class A Stock of the Issuer vest in 2 equal installments on each of May 23, 2025 and May 23, 2026.

Content

Represents shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") withheld for taxes upon the vesting of restricted stock units that were acquired by Mr. Lynch on May 23, 2024 pursuant to Lynch's Employment Agreement with the Issuer (the "Employment Agreement") and the Issuer's 2015 Incentive Award Plan, as amended (the "Incentive Award Plan"). The restricted stock units representing the right to receive Class A Stock of the Issuer vest in 4 equal installments on each of May 23, 2025, May 23, 2026, May 23, 2027, and May 23, 2028.

Represents shares of Class A Stock of the Issuer withheld for taxes upon the vesting of restricted stock units that were acquired by Mr. Lynch on May 23, 2024 pursuant to Mr. Lynch's Employment Agreement and the Issuer's Incentive Award Plan. The restricted stock units representing the right to receive Class A Stock of the Issuer vest in 2 equal installments on each of May 23, 2025 and May 23, 2026.