Was the Shake Shack (SHAK) COO’s share sale under a Rule 10b5-1 plan?

Yes. A footnote states the transaction was effected under a Rule 10b5-1 trading plan. That plan was entered into on August 22, 2025, indicating the sale timing was pre-arranged rather than decided spontaneously in the market.

Shake Shack (SHAK) COO records 258-share sale under 10b5-1 plan

Filing Impact

(Neutral)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Shake Shack Inc. Chief Operations Officer Stephanie Ann Sentell sold 258 shares of Class A common stock in an open-market transaction at $102.21 per share on April 15, 2026. The sale was executed under a pre-established Rule 10b5-1 trading plan entered into on August 22, 2025. Following this sale, she directly holds 15,084 shares of Shake Shack common stock.

Insider Trade Summary 10b5-1

Net Seller: 258 shares ($26,370)

Net Sell 1 txn

Insider Sentell Stephanie Ann

Role Chief Operations Officer

Sold 258 shs ($26K)

Type	Security	Shares	Price	Value
Sale	CLASS A COMMON STOCK	258	$102.21	$26K

Holdings After Transaction: CLASS A COMMON STOCK — 15,084 shares (Direct)

Footnotes (1)

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Key Figures

Shares sold: 258 shares Sale price: $102.21 per share Shares owned after sale: 15,084 shares +2 more

5 metrics

Shares sold 258 shares Open-market sale of Class A common stock

Sale price $102.21 per share Price for the 258-share open-market transaction

Shares owned after sale 15,084 shares Direct holdings following the Form 4 transaction

Transaction date April 15, 2026 Date of the reported open-market sale

10b5-1 plan date August 22, 2025 Date the Rule 10b5-1 trading plan was entered into

Key Terms

Rule 10b5-1 trading plan, open-market sale, Class A common stock, Form 4

4 terms

Rule 10b5-1 trading plan regulatory

"The transaction reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan"

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

open-market sale financial

"transaction_action: "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Class A common stock financial

"security_title: "CLASS A COMMON STOCK""

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.

Form 4 regulatory

"The transaction reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Form 4 Insider Transactions: What Each Field Means →

04/17/2026 - 04:16 PM

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^*

Sentell Stephanie Ann

(Last)

(First)

(Middle)

225 VARICK STREET

SUITE 301

(Street)

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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/15/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
CLASS A COMMON STOCK	04/15/2026		S		258⁽¹⁾	D	$102.21	15,084	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The transaction reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan entered into on August 22, 2025.

Remarks:

	/s/ Ronald Palmese Jr., Esq., Attorney-in-Fact for Stephanie Sentell	04/17/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Shake Shack (SHAK) report for Stephanie Ann Sentell?

Shake Shack reported that Chief Operations Officer Stephanie Ann Sentell sold 258 shares of Class A common stock. The shares were sold in an open-market transaction at $102.21 per share, and the trade was effected under a Rule 10b5-1 trading plan.

How many Shake Shack (SHAK) shares did the COO sell and at what price?

The COO sold 258 shares of Shake Shack Class A common stock at $102.21 per share. This was an open-market transaction reported on a Form 4 and classified as a sale in the ordinary market or a private transaction.

How many Shake Shack (SHAK) shares does the COO hold after this Form 4 sale?

After the reported sale, the COO directly holds 15,084 shares of Shake Shack Class A common stock. This post-transaction figure comes from the Form 4, which lists total shares beneficially owned following the open-market sale.

What type of security did the Shake Shack (SHAK) Form 4 transaction involve?

The Form 4 transaction involved Shake Shack’s Class A common stock. The filing describes a non-derivative open-market sale of 258 Class A common shares by the company’s Chief Operations Officer, with updated direct ownership reported after the trade.