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  4. [Form 4] Shake Shack Inc. Insider Trading Activity

Shake Shack (SHAK) director granted 4,498 restricted stock units in equity award

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Balbale Sumaiya reported acquisition or exercise transactions in this Form 4 filing.

Shake Shack Inc. director Sumaiya Balbale received an equity award of 4,498 shares of Class A common stock in the form of restricted stock units valued at $54.48 per share. Following this grant, Balbale directly holds 17,905 shares. The restricted stock units vest on June 10, 2027, subject to continued service with the company.

Positive

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Negative

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Insider Balbale Sumaiya
Role null
Type Security Shares Price Value
Grant/Award CLASS A COMMON STOCK 4,498 $54.48 $245K
Holdings After Transaction: CLASS A COMMON STOCK — 17,905 shares (Direct, null)
Footnotes (1)
  1. [object Object]
RSU grant size 4,498 shares Restricted stock units of Class A common stock granted to director
Grant-date value per share $54.48 per share Value reported for the restricted stock unit award
Post-transaction holdings 17,905 shares Director’s direct Class A common stock holdings after the award
Vesting date June 10, 2027 RSUs vest subject to continued service with Shake Shack
restricted stock units financial
"underlying restricted stock units acquired by the Reporting Person"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
2025 Incentive Award financial
"pursuant to the Issuer's 2025 Incentive Award and the Issuer's Non-Employee Director Compensation Policy"
Non-Employee Director Compensation Policy financial
"pursuant to the Issuer's 2025 Incentive Award and the Issuer's Non-Employee Director Compensation Policy"
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Balbale Sumaiya
(Last)(First)(Middle)
C/O SHAKE SHACK INC.
225 VARICK STREET, SUITE 301
(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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/10/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
CLASS A COMMON STOCK06/10/2026A4,498(1)A$54.4817,905D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents shares of Class A Common Stock ("Class A Stock") of Shake Shack Inc. (the "Issuer") underlying restricted stock units acquired by the Reporting Person. On June 10, 2026, pursuant to the Issuer's 2025 Incentive Award and the Issuer's Non-Employee Director Compensation Policy, the Reporting Person was awarded restricted stock units that represent the right to receive Class A Stock of the Issuer. The restricted stock units representing the right to receive Class A Stock of the Issuer vest on June 10, 2027, subject to the Reporting Person's continued service with the Issuer.
Remarks:
/s/ Ronald Palmese, Jr., Esq., Attorney-in-fact for Sumaiya Balbale06/12/2026
** Signature of Reporting PersonDate
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 did Shake Shack (SHAK) director Sumaiya Balbale report on this Form 4?

Sumaiya Balbale reported receiving 4,498 restricted stock units of Shake Shack Class A common stock. These units are an equity compensation award and increase her direct holdings to 17,905 shares after the transaction.

Was the Shake Shack (SHAK) Form 4 a market purchase or a stock award?

The Form 4 reflects a stock award, not a market purchase. Balbale received 4,498 shares as restricted stock units granted under Shake Shack’s 2025 Incentive Award and Non-Employee Director Compensation Policy.

What is the vesting schedule for Sumaiya Balbale’s Shake Shack (SHAK) restricted stock units?

The restricted stock units vest on June 10, 2027. Vesting is contingent on Balbale’s continued service with Shake Shack through that date, meaning she must remain a director to receive the underlying shares.

How many Shake Shack (SHAK) shares does Sumaiya Balbale hold after this Form 4 transaction?

After the award, Balbale directly holds 17,905 shares of Shake Shack Class A common stock. This total includes the newly granted 4,498 restricted stock units reported in the Form 4 filing.

At what value were Sumaiya Balbale’s Shake Shack (SHAK) restricted stock units granted?

The 4,498 restricted stock units were reported at $54.48 per share. This figure represents the grant-date value used in the Form 4 and does not indicate an open-market purchase price.