Shake Shack (SHAK) director Daniel Meyer exercises stock option and updates holdings

Rhea-AI Filing Summary

Shake Shack Inc. director and 10% owner Daniel Harris Meyer reported an option exercise and share acquisition. On January 7, 2026, a stock option to buy 2,003 shares of Class A common stock at an exercise price of $34.62 per share was exercised, converting into the same number of Class A shares. Following this transaction, Mr. Meyer directly held 13,322 Class A shares.

In addition to his direct holdings, the filing lists indirect ownership through trusts. The Daniel H. Meyer Investment Trust held 337,984 Class A shares, and the DHM 2012 Gift Trust held 1,279,107 Class A shares, with the reporting persons disclaiming beneficial ownership except to the extent of their pecuniary interests.

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

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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^*

Meyer Daniel Harris

(Last) (First) (Middle)

C/O SHAKE SHACK INC.

225 VARICK STREET, SUITE 301

(Street)

NEW YORK NY 10014

(City) (State) (Zip)

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

3. Date of Earliest Transaction (Month/Day/Year)
01/07/2026

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

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

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

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, par value $0.001 per share	01/07/2026		M		2,003	A	$34.62	13,322	D
Class A Common Stock, par value $0.001 per share								337,984	I	BY TRUST(1)
Class A Common Stock, par value $0.001 per share								1,279,107	I	BY TRUST(2)

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
Stock Option (Right to Buy)	$34.62	01/07/2026		M			2,003	05/19/2017(3)	05/19/2026	CLASS A COMMON STOCK	2,003	$0	0	D

Explanation of Responses:

1. Represents shares of Class A common stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") held by the Daniel H. Meyer Investment Trust, of which Mr. Meyer is the grantor, trustee and beneficiary. Mr. Meyer disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

2. Represents shares of Class A Stock of the Issuer held by the DHM 2012 Gift Trust, of which Mr. Meyer's spouse is a co-trustee and beneficiary. Mr. McQuinn is a co-trustee. Each Reporting Person disclaims beneficial ownership of such shares except to the extent of such Reporting Persons' pecuniary interest therein.

3. This option vested in full on May 19, 2017.

Remarks:

	/s/ Ronald Palmese, Jr., Esq., Attorney-in-Fact for Daniel Harris Meyer	01/09/2026
	/s/ Ronald Palmese, Jr., Esq., Attorney-in-Fact for DHM 2012 Gift Trust U/A/D 10/31/12	01/09/2026
	/s/ Ronald Palmese, Jr., Esq., Attorney-in-Fact for Audrey H. Meyer	01/09/2026
	/s/ Ronald Palmese, Jr., Esq., Attorney-in-Fact for Michael C. McQuinn	01/09/2026
	** 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).
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FAQ

What insider transaction did Daniel Harris Meyer report for SHAK on January 7, 2026?

On January 7, 2026, Daniel Harris Meyer reported the exercise of a stock option for 2,003 shares of Shake Shack Inc. Class A common stock at an exercise price of $34.62 per share, resulting in the acquisition of those shares.

How many Shake Shack (SHAK) shares does Daniel Harris Meyer directly own after this Form 4 filing?

After the reported option exercise, Daniel Harris Meyer directly owned 13,322 shares of Shake Shack Inc. Class A common stock.

What stock option position was affected in the January 7, 2026 SHAK insider filing?

The filing shows a stock option (right to buy) for 2,003 shares of Class A common stock with an exercise price of $34.62 per share. This option, which vested in full on May 19, 2017, was fully exercised, leaving 0 derivative securities of this grant outstanding.

What indirect Shake Shack (SHAK) share holdings are reported through the Daniel H. Meyer Investment Trust?

The Daniel H. Meyer Investment Trust held 337,984 shares of Shake Shack Inc. Class A common stock. The filing states these shares are held by the trust, and Mr. Meyer disclaims beneficial ownership except to the extent of his pecuniary interest.

How many SHAK shares are held by the DHM 2012 Gift Trust in this Form 4?

The DHM 2012 Gift Trust held 1,279,107 shares of Shake Shack Inc. Class A common stock. The filing notes that the reporting persons disclaim beneficial ownership of these shares except to the extent of their pecuniary interests.

What roles does Daniel Harris Meyer have at Shake Shack Inc. according to this insider report?

According to the filing, Daniel Harris Meyer is reported as a director and a 10% owner of Shake Shack Inc.