Shake Shack director buys 8,290 SHAK shares
Shake Shack Inc. director Josh Silverman reported new open-market purchases of Class A common stock.
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Form Type
4
Rhea-AI Filing Summary
Shake Shack Inc. director Josh Silverman reported new open-market purchases of Class A common stock. On May 15, 2026, an entity associated with him, the Silverman-Ghotbi Revocable Trust, bought a total of 8,290 shares in open-market transactions at weighted average prices around $60–$61 per share.
Following these trades, Silverman now holds 9,997 Class A shares directly and 8,290 shares indirectly through the Silverman-Ghotbi Revocable Trust, according to the filing.
Insider Trade Summary
Net Buyer: 8,290 shares
Net Buy
3 txns
Insider
Silverman Josh
Role
Director
Bought
8,290 shs ($501K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | CLASS A COMMON STOCK | 8,190 | $60.3668 | $494K |
| Purchase | CLASS A COMMON STOCK | 100 | $61.21 | $6K |
| holding | CLASS A COMMON STOCK | -- | -- | -- |
Holdings After Transaction:
CLASS A COMMON STOCK — 8,290 shares (Indirect, Silverman-Ghotbi Revocable Trust);
CLASS A COMMON STOCK — 9,997 shares (Direct)
Footnotes (1)
- F1. The transaction was executed in multiple trades at prices ranging from $60.07 to $60.97. 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.
Key Figures
Open-market purchase: 8,190 shares at $60.3668
Additional purchase: 100 shares at $61.2100
Total shares bought: 8,290 shares
+3 more
6 metrics
Open-market purchase
8,190 shares at $60.3668
Class A common stock bought on May 15, 2026
Additional purchase
100 shares at $61.2100
Class A common stock bought on May 15, 2026
Total shares bought
8,290 shares
Net open-market purchases reported in this Form 4
Direct holdings after
9,997 shares
Class A common stock held directly after transactions
Indirect holdings after
8,290 shares
Class A common stock held via Silverman-Ghotbi Revocable Trust
Trade price range
$60.07–$60.97
Range of individual trade prices on May 15, 2026
Key Terms
open-market purchase, Silverman-Ghotbi Revocable Trust, Class A common stock, weighted average sales price
4 terms
open-market purchase financial
"transaction_action: open-market purchase for both non-derivative entries"
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.
Silverman-Ghotbi Revocable Trust financial
"nature_of_ownership: Silverman-Ghotbi Revocable Trust on indirect holdings"
Class A common stock financial
"security_title: CLASS A COMMON STOCK for each transaction"
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.
weighted average sales price financial
"footnote: price reported reflects the weighted average sales price"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Shake Shack (SHAK) disclose for Josh Silverman?
Shake Shack reported that director Josh Silverman’s associated trust purchased 8,290 Class A shares. These were open-market buys on May 15, 2026, at weighted average prices around $60–$61 per share, increasing his indirect ownership in the company.
What are Josh Silverman’s total reported Shake Shack (SHAK) holdings after these trades?
After the reported transactions, Josh Silverman holds 9,997 Shake Shack shares directly and 8,290 indirectly. The indirect position is through the Silverman-Ghotbi Revocable Trust, while the 9,997-share line is reported as direct ownership in his name.
Were Josh Silverman’s Shake Shack (SHAK) transactions open-market purchases?
Yes, the Form 4 characterizes Josh Silverman’s transactions as open-market purchases. Both 8,190 shares and 100 shares of Class A common stock are coded as “P,” indicating open-market or private purchase transactions, rather than option exercises or gifts.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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