X0306 4 2016-08-10 0 0001620533 Shake Shack Inc. SHAK 0001633802 CORAINE RICHARD D C/O SHAKE SHACK INC. 24 UNION SQUARE EAST, 5TH FLOOR NEW YORK NY 10003 0 0 1 0 0001633801 RICHARD D. CORAINE 2012 FAMILY TRUST C/O SHAKE SHACK INC. 24 UNION SQUARE EAST, 5TH FLOOR NEW YORK NY 10003 0 0 1 0 0001633918 HAIDA TONI C/O SHAKE SHACK INC. 24 UNION SQUARE EAST, 5TH FLOOR NEW YORK NY 10003 0 0 1 0 Class A Common Stock 2016-08-10 4 C 0 20000 A 20000 I By Trust Class B Common Stock 2016-08-10 4 J 0 20000 0 D 311401 I By Trust Class A Common Stock 2016-08-12 4 C 0 20000 A 25000 D Class B Common Stock 2016-08-12 4 J 0 20000 0 D 187924 D Class A Common Stock 2016-11-11 4 S 0 140 38 D 24860 D Class A Common Stock 2016-11-14 4 S 0 19860 38 D 5000 D Class A Common Stock 2016-11-14 4 S 0 20000 38 D 0 I By Trust Common Membership Interests 2016-08-10 4 C 0 20000 D Class A Common Stock 20000 311401 I By Trust Common Membership Interests 2016-08-12 4 C 0 20000 D Class A Common Stock 20000 187924 D Upon the reclassification of the Reporting Person's membership interests in SSE Holdings, LLC ("LLC Interests") in connection with the Issuer's IPO in February 2015, the LLC Interests became convertible into an equal number of shares of Class A Common Stock on a one-for-one basis, or at the election of the issuer, redeemable for cash equal to the volume-weighted average market price of such Class A shares. Held directly by the Richard D. Coraine 2012 Family Trust (the "Trust"), of which Richard D. Coraine's spouse, Toni Haida, is a trustee and beneficiary. Each of Richard D. Coraine and Toni Haida disclaims beneficial ownership of the shares of Class A Common Stock held by the Trust, except to the extent of his or her pecuniary interest. Upon the reclassification of the Reporting Person's LLC Interests described above, the Reporting Person was issued one share of Class B Common Stock for each LLC Interest. One share of Class B Common Stock must be surrendered and canceled upon conversion or redemption of each LLC Interest. Effective August 10 and August 12, 2016, the Reporting Person converted LLC Interests into shares of Class A Common Stock, and an equal number of shares of Class B Common stock were surrendered and cancelled for no consideration. The LLC Interests may be converted or redeemed at any time and have no expiration date. Miriam Tauber (by POA) 2016-11-15