Transaction Details

Footnotes

The transaction was executed in multiple trades at prices ranging from $140.00 to $140.1575. The price reported above reflects the weighted average sales price. | The Daniel H. Meyer Investment Trust (the "Investment Trust") 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 prices at which the transaction was effected. | Includes 1,348 shares of Class A common stock("Class A Stock") of the Issuer transferred from Mr. Meyer to the Investment Trust after the lapse of restrictions on prior restricted stock unit grants. The transfer reflects no change in beneficial ownership or pecuniary interest and is exempt under Rule 16a-13. | Shares of Class A Stock of the Issuer were disposed of by Mr. Meyer through the Investment Trust pursuant to a Rule 10b5-1 trading plan entered into on November 15, 2024. Mr. Meyer is the grantor, trustee and beneficiary of the Investment Trust. 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 (the "Gift Trust"), of which Mr. Meyer's spouse is a co-trustee and beneficiary of the Gift Trust. Mr. McQuinn is a co-trustee. Each Reporting Person disclaims beneficial ownership of the securities except to the extent of such Reporting Persons' pecuniary interest therein.