Shake Shack director buys 32,258 shares
Shake Shack Inc. director and 10% owner Daniel Harris Meyer reported an open-market purchase of 32,258 shares of Class A Common Stock at a weighted average price of $61.8828 per share.
Rhea-AI Filing Summary
Shake Shack Inc. director and 10% owner Daniel Harris Meyer reported an open-market purchase of 32,258 shares of Class A Common Stock at a weighted average price of $61.8828 per share. The trade was executed in multiple lots between $61.63 and $62.00 through the Daniel H. Meyer Investment Trust, where he is grantor, trustee and beneficiary, and he disclaims beneficial ownership beyond his pecuniary interest.
Following this transaction, Meyer holds 1,459 shares directly and additional indirect positions through trusts, including 378,670 shares and 1,279,107 shares of Class A stock, with certain trust holdings involving his spouse as co-trustee and beneficiary, also subject to beneficial ownership disclaimers.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 32,258 shares
Net Buy
3 txns
Insider
Meyer Daniel Harris
Role
Director, 10% Owner
Bought
32,258 shs ($2.00M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class A Common Stock, par value $0.001 per share | 32,258 | $61.8828 | $2.00M |
| holding | CLASS A COMMON STOCK | -- | -- | -- |
| holding | Class A Common Stock, par value $0.001 per share | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock, par value $0.001 per share — 378,670 shares (Indirect, BY TRUST);
CLASS A COMMON STOCK — 1,279,107 shares (Indirect, By Trust);
Class A Common Stock, par value $0.001 per share — 1,459 shares (Direct)
Footnotes (3)
- F1. The transaction was executed in multiple trades at prices ranging from $61.63 to $62.00. 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.
- F2. Shares of Class A common stock ("Class A Stock") of the Issuer were acquired by Mr. Meyer through the Daniel H. Meyer Investment Trust (the "Investment Trust"). Mr. Meyer is the grantor, trustee and beneficiary of the Investment Trust. Mr. Meyer disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
- F3. Represents shares of Class A Stock of the Issuer held by the DHM 2012 Gift Trust, of which Mr. Meyer's spouse, Audrey Meyer, is a co-trustee and beneficiary. Mr. McQuinn is a co-trustee. Each co-trustee disclaims beneficial ownership of the securities except to the extent of such person's pecuniary interest therein.
Key Figures
Shares purchased: 32,258 shares
Weighted average price: $61.8828 per share
Trade price range: $61.63–$62.00 per share
+4 more
7 metrics
Shares purchased
32,258 shares
Open-market purchase of Class A Common Stock
Weighted average price
$61.8828 per share
Open-market purchase on 2026-05-15
Trade price range
$61.63–$62.00 per share
Multiple trades on 2026-05-15
Direct holdings after transaction
1,459 shares
Class A Common Stock held directly by Daniel Meyer
Indirect trust holding A
378,670 shares
Class A Common Stock held indirectly through a trust
Indirect trust holding B
1,279,107 shares
Class A Common Stock held indirectly through a trust
Net buy shares
32,258 shares
Net change from reported transactions
Key Terms
open-market purchase, weighted average, pecuniary interest, beneficial ownership, +1 more
5 terms
open-market purchase financial
"reported an open-market purchase of 32,258 shares of Class A Common Stock"
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.
weighted average financial
"at a weighted average price of $61.8828 per share"
A weighted average is a way of calculating an overall number when some items matter more than others by giving each item a different level of importance, or weight. Investors use weighted averages to combine figures like prices, returns or earnings so the result reflects the size or significance of each part — like grading a class where a final exam counts more than a quiz, producing a score that better represents true performance.
pecuniary interest financial
"disclaims beneficial ownership of such shares except to the extent of his pecuniary interest"
beneficial ownership financial
"disclaims beneficial ownership of such shares except to the extent"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
investment trust financial
"through the Daniel H. Meyer Investment Trust, where he is grantor, trustee and beneficiary"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Daniel Meyer report at Shake Shack (SHAK)?
Daniel Meyer reported buying 32,258 shares of Shake Shack Class A stock in an open-market transaction. The weighted average purchase price was $61.8828 per share, with individual trades executed between $61.63 and $62.00 according to the Form 4 footnotes.
AI-generated analysis. How Rhea-AI works. Not financial advice.
