Zach Koff - 21 Jun 2023 Form 4 Insider Report for Shake Shack Inc. (SHAK)

Reporting relationship: Chief Operating Officer
Issuer ticker: SHAK
Reported as of: 21 Jun 2023
Net transaction value: -$270,000
SEC form: 4
Accepted by SEC: 23 Jun 2023, 16:42:49 UTC
Prior SEC filing: 17 Mar 2023
Source filing: View source filing
Reporting owner signature: /s/ Ronald Palmese Jr., Esq., Attorney-in-Fact for Zachary Koff

Key filing fact

Zach Koff filed Form 4 for Shake Shack Inc. (SHAK) on 23 Jun 2023.

Key facts

This page summarizes Zach Koff's Form 4 filing for Shake Shack Inc. (SHAK).
3 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 23 Jun 2023, 16:42.

Change

Previous filing in this sequence was filed on 17 Mar 2023.
Current net transaction value: -$270,000.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

SHAK transaction

CLASS A COMMON STOCK

Options Exercise

Transaction value: $105,000
Shares: +5,000
Change %: +13%
Price: $21.00
Shares after: 43,682
Date: 21 Jun 2023
Ownership: Direct
Footnotes: F1

SHAK transaction

CLASS A COMMON STOCK

Sale

Transaction value: $375,000
Shares: -5,000
Change %: -11%
Price: $75.00
Shares after: 38,682
Date: 21 Jun 2023
Ownership: Direct
Footnotes: F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

SHAK transaction Derivative

Stock Option (Right to Buy)

Options Exercise

Transaction value: $0
Shares: -5,000
Change %: -50%
Price: $0.000000
Shares after: 5,100
Date: 21 Jun 2023
Ownership: Direct
Underlying class: CLASS A COMMON STOCK
Underlying amount: 5,000
Exercise price: $21.00
Footnotes: F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Rule 10b5-1 trading plan

These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.

Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).

Explanation of responses 3 footnotes

Footnote F1

The transactions reported on this Form 4 were all effected pursuant to a 10b5-1 trading plan entered into on June 2, 2022.

Footnote F2

Mr. Koff 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 price at which the transaction was effected.

Footnote F3

An option to purchase 106,000 shares of Class A Common Stock of the Issuer at $21 per share was granted to Mr. Koff on January 29, 2015. 21,200 options vested on each of January 29, 2016, January 29, 2017, January 29, 2018, January 29, 2019, and January 29, 2020.