Transaction Details

Footnotes

Represents shares of Class A common stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") held by the Daniel H. Meyer Investment Trust, of which Mr. Meyer is the grantor, trustee and beneficiary. Mr. Meyer disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein. | 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. | This option vested in full on May 19, 2017.