SHAK

Represents shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") underlying restricted stock units acquired by the Reporting Person. On July 2, 2026, pursuant to the Issuer's 2025 Incentive Award Plan and the Issuer's Non-Employee Director Compensation Policy, the Reporting Person was awarded restricted stock units that represent the right to receive Class A Stock of the Issuer. The restricted stock units representing the right to receive Class A Stock of the Issuer vest on July 2, 2027, subject to the Reporting Person's continued service with the Issuer.

Represents shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") underlying restricted stock units acquired by Ms. Hook pursuant to Ms. Hook's Employment Agreement with the Issuer and the Issuer's 2025 Incentive Award Plan. The restricted stock units representing the right to receive Class A Stock of the Issuer vest in 3 equal installments on each of June 15, 2027, June 15, 2028, and June 15, 2029.

Represents shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") underlying restricted stock units acquired by the Reporting Person. On June 10, 2026, pursuant to the Issuer's 2025 Incentive Award Plan and the Issuer's Non-Employee Director Compensation Policy, the Reporting Person was awarded restricted stock units that represent the right to receive Class A Stock of the Issuer. The restricted stock units representing the right to receive Class A Stock of the Issuer vest on June 10, 2027, subject to the Reporting Person's continued service with the Issuer.

Represents shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") underlying restricted stock units acquired by the Reporting Person. On June 10, 2026, pursuant to the Issuer's 2025 Incentive Award Plan and the Issuer's Non-Employee Director Compensation Policy, the Reporting Person was awarded restricted stock units that represent the right to receive Class A Stock of the Issuer. The restricted stock units representing the right to receive Class A Stock of the Issuer vest on June 10, 2027, subject to the Reporting Person's continued service with the Issuer.

Represents shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") underlying restricted stock units acquired by the Reporting Person. On June 10, 2026, pursuant to the Issuer's 2025 Incentive Award and the Issuer's Non-Employee Director Compensation Policy, the Reporting Person was awarded restricted stock units that represent the right to receive Class A Stock of the Issuer. The restricted stock units representing the right to receive Class A Stock of the Issuer vest on June 10, 2027, subject to the Reporting Person's continued service with the Issuer.

Represents shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") underlying restricted stock units acquired by the Reporting Person. On June 10, 2026, pursuant to the Issuer's 2025 Incentive Award Plan and the Issuer's Non-Employee Director Compensation Policy, the Reporting Person was awarded restricted stock units that represent the right to receive Class A Stock of the Issuer. The restricted stock units representing the right to receive Class A Stock of the Issuer vest on June 10, 2027, subject to the Reporting Person's continued service with the Issuer.

Represents shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") underlying restricted stock units acquired by Mr. Meyer. On June 10, 2026, pursuant to the Issuer's 2025 Incentive Award Plan and the Issuer's Non-Employee Director Compensation Policy, Mr. Meyer was awarded restricted stock units that represent the right to receive Class A Stock of the Issuer. The restricted stock units representing the right to receive Class A Stock of the Issuer vest on June 10, 2027, subject to Mr. Meyer's continued service with the Issuer.

Represents shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") underlying restricted stock units acquired by the Reporting Person. On June 10, 2026, pursuant to the Issuer's 2025 Incentive Award Plan and the Issuer's Non-Employee Director Compensation Policy, the Reporting Person was awarded restricted stock units that represent the right to receive Class A Stock of the Issuer. The restricted stock units representing the right to receive Class A Stock of the Issuer vest on June 10, 2027, subject to the Reporting Person's continued service with the Issuer.

Represents shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") underlying restricted stock units acquired by the Reporting Person. On June 10, 2026, pursuant to the Issuer's 2025 Incentive Award Plan and the Issuer's Non-Employee Director Compensation Policy, the Reporting Person was awarded restricted stock units that represent the right to receive Class A Stock of the Issuer. The restricted stock units representing the right to receive Class A Stock of the Issuer vest on June 10, 2027, subject to the Reporting Person's continued service with the Issuer.

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 Mr. 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.

The transaction was executed in multiple trades at prices ranging from $61.63 to $62.00. The price reported above reflects the weighted average sales price. The Reporting Person undertakes to provide upon request to the Securities and Exchange Commission, 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.

Shares of Class A common stock ("Class A Stock") of the Issuer were acquired by Mr. Meyer through the Daniel H. Meyer Investment Trust (the "Investment Trust"). 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.

The transaction was executed in multiple trades at prices ranging from $61.32 to $61.52. The price reported above reflects the weighted average sales price. The Reporting Person undertakes to provide upon request to the Securities and Exchange Commission, 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.

The transaction was executed in multiple trades at prices ranging from $60.27 to $60.42. The price reported above reflects the weighted average sales price. The Reporting Person undertakes to provide upon request to the Securities and Exchange Commission, 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.

The transaction was executed in multiple trades at prices ranging from $60.07 to $60.97. The price reported above reflects the weighted average sales price. The Reporting Person undertakes to provide upon request to the Securities and Exchange Commission, 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.

The transaction was executed in multiple trades at prices ranging from $60.89 to $61.47. The price reported above reflects the weighted average sales price. The Reporting Person undertakes to provide upon request to the Securities and Exchange Commission, 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.

The transaction was executed in multiple trades at prices ranging from $61.31 to $61.37. The price reported above reflects the weighted average sales price. The Reporting Person undertakes to provide upon request to the Securities and Exchange Commission, 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.

The transaction reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan entered into on August 22, 2025.

The transaction reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan entered into on August 22, 2025.

Represents shares of Class A Stock of the Issuer underlying restricted stock units acquired by Mr. Herpich upon the Issuer's achievement of certain performance targets for certain performance criteria for fiscal year 2024. On March 1, 2025, pursuant to the Issuer's 2025 Incentive Award Plan, Mr. Herpich was awarded performance stock units that issue into restricted stock units representing the right to receive Class A Stock of the Issuer. The restricted stock units representing the right to receive Class A Stock of the Issuer vest in 4 equal installments on each of March 1, 2025, March 1, 2026, March 1, 2027, and March 1, 2028.

Represents shares of Class A Stock of the Issuer withheld for taxes upon the vesting of restricted stock units that were previously acquired by Mr. Herpich upon the Issuer's achievement of certain performance criteria measured over a 1 year period for fiscal 2024.

Represents shares of Class A Stock of the Issuer withheld for taxes upon the vesting of restricted stock units that were previously acquired by Mr. Herpich on March 1, 2025 pursuant to the Issuer's 2025 Incentive Award Plan.

Represents shares of Class A common stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") underlying restricted stock units acquired by Ms. Sentell. On March 1, 2026, pursuant to the Issuer's 2025 Incentive Award Plan, Ms. Sentell was awarded restricted stock units that represent the right to receive Class A Stock of the Issuer. The restricted stock units representing the right to receive Class A Stock of the Issuer vest in 3 equal installments on each of March 1, 2027, March 1, 2028, and March 1, 2029.

Represents shares of Class A Stock of the Issuer withheld for taxes upon the vesting of restricted stock units that were previously acquired by Mr. Herpich on March 1, 2024 pursuant to the Issuer's 2015 Incentive Award Plan, as amended.

Represents shares of Class A common stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") underlying restricted stock units acquired by Mr. Lynch. On March 1, 2026, pursuant to the Issuer's 2025 Incentive Award Plan, Mr. Lynch was awarded restricted stock units representing the right to receive Class A Stock of the Issuer. The restricted stock units representing the right to receive Class A Stock of the Issuer vest in 3 equal installments on each of March 1, 2027, March 1, 2028, and March 1, 2029.

Represents shares of Class A common stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") underlying restricted stock units acquired by Mr. Herpich. On March 1, 2026, pursuant to the Issuer's 2025 Incentive Award Plan, Mr. Herpich was awarded restricted stock units representing the right to receive Class A Stock of the Issuer. The restricted stock units representing the right to receive Class A Stock of the Issuer vest in 3 equal installments on each of March 1, 2027, March 1, 2028, and March 1, 2029.

Represents shares of Class A Stock of the Issuer withheld for taxes upon the vesting of restricted stock units that were previously acquired by Mr. Lynch on March 1, 2025 pursuant to the Issuer's 2025 Incentive Award Plan. The restricted stock units representing the right to receive Class A Stock of the Issuer vest in 3 equal installments on each of March 1, 2026, March 1, 2027, and March 1, 2028.

Represents shares of Class A Stock of the Issuer withheld for taxes upon the vesting of restricted stock units that were previously acquired by Ms. Sentell on March 1, 2025 pursuant to the Issuer's 2025 Incentive Award Plan. The restricted stock units representing the right to receive Class A Stock of the Issuer vest in 3 equal installments on each of March 1, 2026, March 1, 2027, and March 1, 2028.

The transaction reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan entered into on August 22, 2025.

This option vested in full on May 19, 2017.

The transaction reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan entered into on August 22, 2025.

The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan entered into on August 22, 2025.

The transaction was executed in multiple trades at prices ranging from $84.61 to $85.57. 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 transaction was effected.

The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan entered into on August 22, 2025.

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 previously acquired by Ms. Sentell pursuant to Ms. Sentell's Employment Agreement with the Issuer and the Issuer's 2015 Incentive Award Plan, as amended. The restricted stock units representing the right to receive Class A Stock of the Issuer vest in four equal installments on each of July 15, 2025, July 15, 2026, July 15, 2027, and July 15, 2028, subject to Ms. Sentell's continued service with the Issuer.

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 previously acquired by Ms. Fogertey pursuant to Ms. Fogertey's Employment Agreement with the Issuer and the Issuer's 2015 Incentive Award Plan, as amended. The restricted stock units representing the right to receive Class A Stock of the Issuer vest in five equal installments on July 15, 2022, July 15, 2023, July 15, 2024, July 15, 2025, and July 15, 2026, subject to Ms. Fogertey's continued service with the Issuer.

The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan entered into on March 11, 2025.

The transaction was executed in multiple trades at prices ranging from $140.00 to $140.9999. The price reported above reflects the weighted average sales price.

The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan entered into on March 11, 2025.

The transaction was executed in multiple trades at prices ranging from $141.00 to $141.9999. The price reported above reflects the weighted average sales price.

The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan entered into on March 11, 2025.

The transaction was executed in multiple trades at prices ranging from $142.00 to $142.9999. The price reported above reflects the weighted average sales price.

The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan entered into on March 11, 2025.

The transaction was executed in multiple trades at prices ranging from $140.00 to $140.9999. 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) though (5) were effected.

The transaction was executed in multiple trades at prices ranging from $140.00 to $140.74. 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.

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.

The transaction was executed in multiple trades at prices ranging from $137.16 to $138.15. 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.

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.

The transaction was executed in multiple trades at prices ranging from $140.29 to $140.42. 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.

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.

The transaction was executed in multiple trades at prices ranging from $138.17 to $138.80. 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.

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.

The transaction was executed in multiple trades at prices ranging from $139.26 to $140.25. 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.

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.

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.