Shake Shack (NYSE: SHAK) director Chapman adds 2,000 shares in open-market buys

Rhea-AI Filing Summary

Shake Shack Inc. director Charles J. Chapman III reported open-market purchases of Class A common stock. On May 15, 2026, entities associated with him bought a total of 2,000 shares through three retirement accounts at prices around $61.32–$61.43 per share.

The shares are held indirectly through a CJC Roth IRA, a CJC NP Solo Roth 401K, and a CJC NP Solo Rollover 401K. A separate line shows 4,425 shares held directly as of the same date. One transaction was executed in multiple trades between $61.31 and $61.37, with a weighted average price reported.

Insider Trade Summary

Net Buyer: 2,000 shares ($122,726)

Net Buy 4 txns

Insider Chapman Charles J III

Role null

Bought 2,000 shs ($123K)

Type	Security	Shares	Price	Value
Purchase	CLASS A COMMON STOCK	1,000	$61.32	$61K
Purchase	CLASS A COMMON STOCK	780	$61.4299	$48K
Purchase	CLASS A COMMON STOCK	220	$61.32	$13K
holding	CLASS A COMMON STOCK	--	--	--

Holdings After Transaction: CLASS A COMMON STOCK — 1,000 shares (Indirect, CJC NP Solo Rollover 401K); CLASS A COMMON STOCK — 4,425 shares (Direct, null)

Footnotes (1)

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Key Figures

Total shares bought: 2,000 shares Purchase lot 1: 220 shares at $61.3200 Purchase lot 2: 780 shares at $61.4299 +3 more

6 metrics

Total shares bought 2,000 shares Open-market purchases on May 15, 2026

Purchase lot 1 220 shares at $61.3200 CJC Roth IRA on May 15, 2026

Purchase lot 2 780 shares at $61.4299 CJC NP Solo Roth 401K on May 15, 2026

Purchase lot 3 1,000 shares at $61.3200 CJC NP Solo Rollover 401K on May 15, 2026

Direct holdings 4,425 shares Direct Class A common stock as of May 15, 2026

Trade price range $61.31–$61.37 Price range for one multi-trade transaction

Key Terms

open-market purchase, Roth IRA, Solo 401K, weighted average sales price

4 terms

open-market purchase financial

"transaction_action: "open-market purchase" for the non-derivative transactions"

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

Roth IRA financial

"nature_of_ownership: "CJC Roth IRA" for one of the indirect holdings"

A Roth IRA is a retirement savings account you fund with money that’s already been taxed, and withdrawals taken in retirement under the account rules are tax-free. It matters to investors because it shifts the tax bill to today instead of retirement, potentially increasing after-tax income later—think of it like paying for a lifetime subscription now so you can use it without extra charges in the future—helpful for long-term tax planning and flexibility.

Solo 401K financial

"nature_of_ownership: "CJC NP Solo Roth 401K" and "CJC NP Solo Rollover 401K""

weighted average sales price financial

"The price reported above reflects the weighted average sales price."

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^*

Chapman Charles J III

(Last) (First) (Middle)

C/O SHAKE SHACK INC.

225 VARICK STREET

(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)
05/15/2026

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)
			Code	V	Amount	(A) or (D)	Price
CLASS A COMMON STOCK	05/15/2026		P		1,000	A	$61.32	1,000	I	CJC NP Solo Rollover 401K
CLASS A COMMON STOCK	05/15/2026		P		780	A	$61.4299	780	I	CJC NP Solo Roth 401K
CLASS A COMMON STOCK	05/15/2026		P		220	A	$61.32(1)	220	I	CJC Roth IRA
CLASS A COMMON STOCK								4,425	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 transaction was executed in multiple trades at prices ranging from $61.31 to $61.37. The price reported above reflects the weighted average sales price. The Reporting Person undertakes to provide upon request to the Securities and Exchange Commission, Shake Shack Inc. (the "Issuer"), or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected.

Remarks:

	/s/ Ronald Palmese, Jr., Esq., Attorney-in-Fact for Charles Chapman	05/18/2026
	** 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 transactions did Shake Shack (SHAK) report for Charles J. Chapman III?

Shake Shack reported that director Charles J. Chapman III associated entities bought 2,000 Class A shares on May 15, 2026. The purchases were open-market transactions across three retirement accounts at prices slightly above $61 per share.

At what prices did Chapman-related accounts buy Shake Shack (SHAK) shares?

Chapman-related accounts bought Shake Shack Class A shares at prices around $61.32–$61.43 per share. One transaction was executed in multiple trades between $61.31 and $61.37, with a weighted average price disclosed in the filing footnote.

How many Shake Shack (SHAK) shares are held directly by Charles J. Chapman III?

The Form 4 shows Charles J. Chapman III holding 4,425 Class A shares directly as of May 15, 2026. This direct position is separate from the 2,000 shares bought through his various retirement-related accounts on the same date.

Which accounts bought Shake Shack (SHAK) stock in this Form 4 filing?

The filing lists indirect ownership through a CJC Roth IRA, a CJC NP Solo Roth 401K, and a CJC NP Solo Rollover 401K. These retirement-related accounts collectively purchased 2,000 Shake Shack Class A shares in open-market transactions.

What does the footnote in the Shake Shack (SHAK) Form 4 say about trade execution?

The footnote explains one transaction occurred in multiple trades between $61.31 and $61.37, and the price shown is a weighted average sales price. It notes full trade details are available to regulators, the issuer, and shareholders upon request.