Shake Shack (SHAK) director Tristan Walker awarded 2,570 restricted stock units

Rhea-AI Filing Summary

Walker Tristan reported acquisition or exercise transactions in this Form 4 filing.

Shake Shack Inc. director Tristan Walker reported receiving an equity award of 2,570 shares of Class A common stock, valued at $54.48 per share, as a grant under the company’s 2025 Incentive Award Plan and Non-Employee Director Compensation Policy. These shares are in the form of restricted stock units that vest on June 10, 2027, contingent on his continued service with the company. Following this grant, Walker holds 8,311 shares of Shake Shack Class A common stock directly.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Walker Tristan

Role null

Type	Security	Shares	Price	Value
Grant/Award	CLASS A COMMON STOCK	2,570	$54.48	$140K

Holdings After Transaction: CLASS A COMMON STOCK — 8,311 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

RSU grant size: 2,570 shares Grant reference price: $54.48 per share Post-transaction holdings: 8,311 shares +1 more

4 metrics

RSU grant size 2,570 shares Restricted stock units awarded June 10, 2026

Grant reference price $54.48 per share Price per share shown for RSU award

Post-transaction holdings 8,311 shares Total Class A shares held directly after grant

Vesting date June 10, 2027 RSUs vest subject to continued service

Key Terms

restricted stock units, 2025 Incentive Award Plan, Non-Employee Director Compensation Policy, Class A Common Stock

4 terms

restricted stock units financial

"Represents shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. ... underlying restricted stock units acquired by the Reporting Person."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

2025 Incentive Award Plan financial

"On June 10, 2026, pursuant to the Issuer's 2025 Incentive Award Plan and the Issuer's Non-Employee Director Compensation Policy..."

Non-Employee Director Compensation Policy financial

"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..."

Class A Common Stock financial

"Represents shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") underlying restricted stock units..."

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Walker Tristan

(Last) (First) (Middle)

C/O SHAKE SHACK INC.

225 VARICK STREET, SUITE 301

(Street)

NEW YORK NEW YORK 10014

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Shake Shack Inc. [ SHAK ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/10/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
CLASS A COMMON STOCK	06/10/2026		A		2,570(1)	A	$54.48	8,311	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. 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.

Remarks:

	/s/ Ronald Palmese, Jr., Esq., Attorney-in-Fact for Tristan Walker	06/12/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Shake Shack (SHAK) director Tristan Walker report?

Tristan Walker reported an acquisition of 2,570 shares of Shake Shack Class A common stock as a restricted stock unit grant. The award was made under the company’s 2025 Incentive Award Plan and Non-Employee Director Compensation Policy on June 10, 2026.

Was the Shake Shack (SHAK) Tristan Walker transaction a market purchase or an equity grant?

The transaction was an equity grant, not an open-market share purchase. Walker received 2,570 restricted stock units, each representing one share of Class A common stock, as part of Shake Shack’s director compensation programs rather than buying shares in the market.

When do Tristan Walker’s Shake Shack (SHAK) restricted stock units vest?

The 2,570 restricted stock units awarded to Tristan Walker vest on June 10, 2027. Vesting is conditional on his continued service with Shake Shack through that date, aligning the director’s compensation with longer-term company performance and governance stability.

How many Shake Shack (SHAK) shares does Tristan Walker hold after this Form 4 transaction?

After the reported grant, Tristan Walker directly holds 8,311 shares of Shake Shack Class A common stock. This figure reflects his ownership immediately following the 2,570-share restricted stock unit award disclosed in the Form 4 insider filing.

Under which compensation plans was Tristan Walker’s Shake Shack (SHAK) equity grant made?

The award to Tristan Walker was made under Shake Shack’s 2025 Incentive Award Plan and its Non-Employee Director Compensation Policy. These frameworks govern stock-based compensation for directors, including grants of restricted stock units that align director incentives with shareholder interests.