Transaction Details

Footnotes

The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan entered into on March 13, 2024. | The transaction was executed in multiple trades at prices ranging from $126.26 to $127.25. 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 in footnotes (2) through (6) were effected. | The transaction was executed in multiple trades at prices ranging from $127.26 to $128.25. The price reported above reflects the weighted average sales price. | The transaction was executed in multiple trades at prices ranging from $123.61 to $124.60. The price reported above reflects the weighted average sales price. | The transaction was executed in multiple trades at prices ranging from $124.61 to $125.60. The price reported above reflects the weighted average sales price. | The transaction was executed in multiple trades at prices ranging from $125.61 to $126.60. The price reported above reflects the weighted average sales price.