STOCK TITAN

[Form 4] Shake Shack Inc. Insider Trading Activity

Filing Impact
(Moderate)
Filing Sentiment
(Negative)
Form Type
4
Rhea-AI Filing Summary

Shake Shack Inc. (SHAK) – Form 4 insider transaction

Chief Financial Officer Katherine Fogertey reported the sale of 2,693 Class A common shares on 7 July and 8 July 2025 under a Rule 10b5-1 trading plan adopted on 11 March 2025. The weighted-average sale prices ranged from $140.03 to $142.03 per share, generating gross proceeds of roughly $0.38 million. Following the transactions, Fogertey continues to own 32,495 shares directly. No derivative security activity was reported.

The filing reflects routine portfolio diversification by a senior executive rather than a change in company fundamentals. Nevertheless, investors often monitor insider sales—especially by financial officers—for potential sentiment signals. The continued sizable holding and pre-planned nature of the trades temper negative interpretation.

Shake Shack Inc. (SHAK) – Transazione interna Form 4

La Chief Financial Officer Katherine Fogertey ha segnalato la vendita di 2.693 azioni ordinarie di Classe A il 7 e l'8 luglio 2025, nell'ambito di un piano di trading Rule 10b5-1 adottato l'11 marzo 2025. I prezzi medi ponderati di vendita sono variati da $140,03 a $142,03 per azione, generando proventi lordi di circa 0,38 milioni di dollari. Dopo queste operazioni, Fogertey possiede ancora 32.495 azioni direttamente. Non è stata segnalata alcuna attività su strumenti derivati.

La comunicazione riflette una normale diversificazione del portafoglio da parte di un dirigente senior, piuttosto che un cambiamento nei fondamentali dell'azienda. Tuttavia, gli investitori spesso monitorano le vendite interne—specialmente da parte di dirigenti finanziari—per eventuali segnali sul sentiment. La consistente detenzione residua e la natura pre-pianificata delle operazioni attenuano interpretazioni negative.

Shake Shack Inc. (SHAK) – Transacción interna Formulario 4

La Directora Financiera Katherine Fogertey reportó la venta de 2,693 acciones comunes Clase A el 7 y 8 de julio de 2025 bajo un plan de trading Rule 10b5-1 adoptado el 11 de marzo de 2025. Los precios promedio ponderados de venta oscilaron entre $140.03 y $142.03 por acción, generando ingresos brutos aproximados de $0.38 millones. Tras las transacciones, Fogertey mantiene la propiedad directa de 32,495 acciones. No se reportó actividad con valores derivados.

El reporte refleja una diversificación rutinaria de cartera por parte de un ejecutivo senior más que un cambio en los fundamentos de la empresa. Sin embargo, los inversores suelen vigilar las ventas internas—especialmente de oficiales financieros—por posibles señales de sentimiento. La considerable tenencia continua y la naturaleza preestablecida de las operaciones moderan interpretaciones negativas.

Shake Shack Inc. (SHAK) – Form 4 내부자 거래 보고

최고재무책임자(CFO) Katherine Fogertey는 2025년 7월 7일과 8일에 2025년 3월 11일 채택된 Rule 10b5-1 거래 계획에 따라 2,693주 클래스 A 보통주를 매도했다고 보고했습니다. 매도 가중평균 가격은 주당 $140.03에서 $142.03 사이였으며, 총 매출은 약 38만 달러에 달했습니다. 거래 후 Fogertey는 여전히 32,495주를 직접 보유하고 있습니다. 파생상품 관련 거래는 보고되지 않았습니다.

이번 신고는 회사 기본 여건 변화보다는 고위 경영진의 일상적인 포트폴리오 다각화를 반영합니다. 그럼에도 불구하고 투자자들은 특히 재무 책임자의 내부자 매도를 감정 신호로 주시하는 경향이 있습니다. 상당한 보유 지분과 사전 계획된 거래라는 점이 부정적 해석을 완화합니다.

Shake Shack Inc. (SHAK) – Transaction d’initié Formulaire 4

La directrice financière Katherine Fogertey a déclaré la vente de 2 693 actions ordinaires de Classe A les 7 et 8 juillet 2025 dans le cadre d’un plan de négociation Rule 10b5-1 adopté le 11 mars 2025. Les prix de vente moyens pondérés variaient entre 140,03 $ et 142,03 $ par action, générant un produit brut d’environ 0,38 million de dollars. Après ces transactions, Fogertey détient toujours 32 495 actions en direct. Aucune activité sur titres dérivés n’a été signalée.

Le dépôt reflète une diversification de portefeuille courante par un cadre supérieur plutôt qu’un changement dans les fondamentaux de l’entreprise. Néanmoins, les investisseurs surveillent souvent les ventes d’initiés—en particulier celles des responsables financiers—comme des signaux potentiels de sentiment. La détention importante continue et la nature pré-planifiée des transactions atténuent une interprétation négative.

Shake Shack Inc. (SHAK) – Form 4 Insider-Transaktion

Chief Financial Officer Katherine Fogertey meldete den Verkauf von 2.693 Class A Stammaktien am 7. und 8. Juli 2025 im Rahmen eines Rule 10b5-1 Handelsplans, der am 11. März 2025 angenommen wurde. Die gewichteten Durchschnittspreise lagen zwischen pro Aktie, was Bruttoerlöse von etwa 0,38 Millionen Dollar generierte. Nach den Transaktionen hält Fogertey weiterhin 32.495 Aktien direkt. Es wurden keine Aktivitäten mit derivativen Wertpapieren gemeldet.

Die Meldung spiegelt eine routinemäßige Portfoliodiversifikation eines leitenden Angestellten wider und nicht eine Änderung der Unternehmensgrundlagen. Dennoch beobachten Investoren Insider-Verkäufe – insbesondere von Finanzvorständen – oft als mögliche Stimmungsindikatoren. Die weiterhin beträchtliche Beteiligung und die vorab geplante Natur der Transaktionen dämpfen negative Interpretationen.

Positive
  • Pre-planned 10b5-1 trading plan reduces perception of opportunistic insider selling.
  • CFO retains 32,495 shares, maintaining meaningful equity alignment with shareholders.
Negative
  • Sale of 2,693 shares (~8% of prior holdings) by the company’s CFO may be interpreted as a mild bearish signal.
  • All reported transactions were sales; no purchases or option exercises to offset the reduction.

Insights

TL;DR: CFO sold 2,693 SHAK shares (~8% stake) via 10b5-1 plan; signal modestly negative but not alarming.

The Form 4 shows the CFO reduced her direct holdings from 35,188 to 32,495 shares, realising about $380k at an average ~$141. The use of a pre-established 10b5-1 plan suggests the trades were scheduled, mitigating concerns of opportunistic selling. Still, any sale by a finance chief can be construed as a mild negative sentiment indicator, particularly when occurring over consecutive days. The remaining stake affirms ongoing alignment with shareholders. Impact on valuation is likely limited; trading volumes involved are immaterial relative to SHAK’s float. Overall classification: neutral-to-slightly negative.

Shake Shack Inc. (SHAK) – Transazione interna Form 4

La Chief Financial Officer Katherine Fogertey ha segnalato la vendita di 2.693 azioni ordinarie di Classe A il 7 e l'8 luglio 2025, nell'ambito di un piano di trading Rule 10b5-1 adottato l'11 marzo 2025. I prezzi medi ponderati di vendita sono variati da $140,03 a $142,03 per azione, generando proventi lordi di circa 0,38 milioni di dollari. Dopo queste operazioni, Fogertey possiede ancora 32.495 azioni direttamente. Non è stata segnalata alcuna attività su strumenti derivati.

La comunicazione riflette una normale diversificazione del portafoglio da parte di un dirigente senior, piuttosto che un cambiamento nei fondamentali dell'azienda. Tuttavia, gli investitori spesso monitorano le vendite interne—specialmente da parte di dirigenti finanziari—per eventuali segnali sul sentiment. La consistente detenzione residua e la natura pre-pianificata delle operazioni attenuano interpretazioni negative.

Shake Shack Inc. (SHAK) – Transacción interna Formulario 4

La Directora Financiera Katherine Fogertey reportó la venta de 2,693 acciones comunes Clase A el 7 y 8 de julio de 2025 bajo un plan de trading Rule 10b5-1 adoptado el 11 de marzo de 2025. Los precios promedio ponderados de venta oscilaron entre $140.03 y $142.03 por acción, generando ingresos brutos aproximados de $0.38 millones. Tras las transacciones, Fogertey mantiene la propiedad directa de 32,495 acciones. No se reportó actividad con valores derivados.

El reporte refleja una diversificación rutinaria de cartera por parte de un ejecutivo senior más que un cambio en los fundamentos de la empresa. Sin embargo, los inversores suelen vigilar las ventas internas—especialmente de oficiales financieros—por posibles señales de sentimiento. La considerable tenencia continua y la naturaleza preestablecida de las operaciones moderan interpretaciones negativas.

Shake Shack Inc. (SHAK) – Form 4 내부자 거래 보고

최고재무책임자(CFO) Katherine Fogertey는 2025년 7월 7일과 8일에 2025년 3월 11일 채택된 Rule 10b5-1 거래 계획에 따라 2,693주 클래스 A 보통주를 매도했다고 보고했습니다. 매도 가중평균 가격은 주당 $140.03에서 $142.03 사이였으며, 총 매출은 약 38만 달러에 달했습니다. 거래 후 Fogertey는 여전히 32,495주를 직접 보유하고 있습니다. 파생상품 관련 거래는 보고되지 않았습니다.

이번 신고는 회사 기본 여건 변화보다는 고위 경영진의 일상적인 포트폴리오 다각화를 반영합니다. 그럼에도 불구하고 투자자들은 특히 재무 책임자의 내부자 매도를 감정 신호로 주시하는 경향이 있습니다. 상당한 보유 지분과 사전 계획된 거래라는 점이 부정적 해석을 완화합니다.

Shake Shack Inc. (SHAK) – Transaction d’initié Formulaire 4

La directrice financière Katherine Fogertey a déclaré la vente de 2 693 actions ordinaires de Classe A les 7 et 8 juillet 2025 dans le cadre d’un plan de négociation Rule 10b5-1 adopté le 11 mars 2025. Les prix de vente moyens pondérés variaient entre 140,03 $ et 142,03 $ par action, générant un produit brut d’environ 0,38 million de dollars. Après ces transactions, Fogertey détient toujours 32 495 actions en direct. Aucune activité sur titres dérivés n’a été signalée.

Le dépôt reflète une diversification de portefeuille courante par un cadre supérieur plutôt qu’un changement dans les fondamentaux de l’entreprise. Néanmoins, les investisseurs surveillent souvent les ventes d’initiés—en particulier celles des responsables financiers—comme des signaux potentiels de sentiment. La détention importante continue et la nature pré-planifiée des transactions atténuent une interprétation négative.

Shake Shack Inc. (SHAK) – Form 4 Insider-Transaktion

Chief Financial Officer Katherine Fogertey meldete den Verkauf von 2.693 Class A Stammaktien am 7. und 8. Juli 2025 im Rahmen eines Rule 10b5-1 Handelsplans, der am 11. März 2025 angenommen wurde. Die gewichteten Durchschnittspreise lagen zwischen pro Aktie, was Bruttoerlöse von etwa 0,38 Millionen Dollar generierte. Nach den Transaktionen hält Fogertey weiterhin 32.495 Aktien direkt. Es wurden keine Aktivitäten mit derivativen Wertpapieren gemeldet.

Die Meldung spiegelt eine routinemäßige Portfoliodiversifikation eines leitenden Angestellten wider und nicht eine Änderung der Unternehmensgrundlagen. Dennoch beobachten Investoren Insider-Verkäufe – insbesondere von Finanzvorständen – oft als mögliche Stimmungsindikatoren. Die weiterhin beträchtliche Beteiligung und die vorab geplante Natur der Transaktionen dämpfen negative Interpretationen.

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).
X
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*
Fogertey Katherine Irene

(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)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Financial Officer
3. Date of Earliest Transaction (Month/Day/Year)
07/07/2025
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 07/07/2025 S 692(1) D $140.3976(2) 34,496 D
Class A Common Stock 07/07/2025 S 1,243(1) D $141.7171(3) 33,253 D
Class A Common Stock 07/07/2025 S 88(1) D $142.0255(4) 33,165 D
Class A Common Stock 07/08/2025 S 670(1) D $140.0253(5) 32,495 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. The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan entered into on March 11, 2025.
2. 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.
3. 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.
4. 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.
5. 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.
/s/ Ronald Palmese, Jr. Esq. - Attorney-in-fact for Katherine Fogertey 07/09/2025
** 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.

FAQ

How many Shake Shack (SHAK) shares did the CFO sell?

Katherine Fogertey sold 2,693 Class A common shares across 7–8 July 2025.

What was the average sale price of the SHAK shares?

Weighted-average prices ranged between $140.03 and $142.03 per share.

Does the CFO still hold Shake Shack stock after the sale?

Yes. She continues to own 32,495 shares directly.

Were the insider sales executed under a 10b5-1 plan?

Yes. The transactions were made pursuant to a Rule 10b5-1 plan adopted on 11 March 2025.

Did the filing report any derivative security transactions?

No derivative securities were acquired or disposed of in this Form 4.

What is the potential impact of this insider sale on SHAK stock?

Given the small volume relative to float and pre-planned nature, the impact is expected to be limited.
Shake Shack Inc

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