X0306 4 2020-06-10 0 0001620533 Shake Shack Inc. SHAK 0001452724 Lyons Jenna C/O SHAKE SHACK INC., 225 VARICK STREET, SUITE 301 NEW YORK NY 10014 1 0 0 0 CLASS A COMMON STOCK 2020-06-10 4 A 0 1476 57.17 A 3592 D 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, 2020, pursuant to the Issuer's 2015 Incentive Award Plan, as amended, the Issuer's Non-Employee Director Compensation Policy, and the recent approval of the Board of Directors of the Issuer dated June 10, 2020 as reflected in the Current Report on Form 8-K filed with the Securities and Exchange Commission on June 12, 2020, 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, 2021, subject to the Reporting Person's continued service with the Issuer. /s/ Ronald Palmese, Jr., Esq., Attorney-in-Fact for Jenna Lyons 2020-06-12