Welcome to our dedicated page for Shake Shack SEC filings (Ticker: SHAK), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Shake Shack Inc. SEC filings document the public-company reporting of a restaurant operator with Class A common stock listed on the New York Stock Exchange. Its 8-K reports include quarterly and annual results, shareholder letters, Regulation FD disclosures, technology initiatives, corrections to annual-report discussion and executive or board changes.
Shake Shack filings also cover governance through definitive proxy materials, including annual-meeting matters, board structure and stockholder voting procedures. Financial disclosures focus on Shack sales, licensing revenue, system-wide sales, same-Shack sales, restaurant-level profit, adjusted EBITDA, new Company-operated and licensed Shack openings, and the relationship between Company-operated restaurant revenue and licensing economics.
Shake Shack Inc. Chief Operations Officer Stephanie Ann Sentell reported an open-market sale of 225 shares of Class A common stock at $93.60 per share on March 6, 2026. After this transaction, she directly holds 15,342 shares. The sale was carried out under a pre-arranged Rule 10b5-1 trading plan entered into on August 22, 2025, indicating it was scheduled in advance and represents a small portion of her overall holdings.
Shake Shack Inc. reported that long-time director Joshua Silverman has informed the Board of his intention to step down as a Class II director, effective May 1, 2026, after more than nine years of service. He will also leave the Board’s Audit and Nominating and Corporate Governance Committees on that date.
The Board has decided to reduce its size from nine to eight directors effective May 1, 2026. After this change, the Board will be composed of three Class I directors, two Class II directors, and three Class III directors. The company states that Mr. Silverman’s decision is not due to any dispute or disagreement with the company or the Board.
SHAK insider transactions: Stephanie Sentell reported multiple sales of common stock on Form 144. The filing lists a sale of 1,100 shares on 11/25/2025, 200 shares on 12/19/2025, and 200 shares on 01/20/2026
Shake Shack’s Corporate Controller, Mr. Herpich, reported equity award activity in Class A common stock. On March 1, 2026, he acquired 1,059 shares underlying restricted stock units under the 2025 Incentive Award Plan, which vest in three equal installments on March 1, 2027, 2028, and 2029. He also acquired 267 shares underlying restricted stock units tied to the achievement of 2024 performance targets, vesting in four equal installments on March 1, 2025, 2026, 2027, and 2028. To cover tax obligations upon vesting of earlier awards, 173, 132, and 151 shares of Class A stock were disposed of at $96.01 per share through share withholding, rather than open-market sales.
Shake Shack Inc. reported that Chief Executive Officer Robert Lynch received a grant of 26,685 restricted stock units tied to its Class A common stock on March 1, 2026 under the 2025 Incentive Award Plan. These units vest in three equal installments on March 1, 2027, March 1, 2028, and March 1, 2029.
On the same date, 1,933 shares of Class A stock were disposed of to cover tax withholding upon the vesting of restricted stock units previously granted on March 1, 2025. After these award and tax-withholding transactions, Lynch directly held 72,845 shares of Class A common stock.
Shake Shack Inc. Chief Operations Officer Stephanie Ann Sentell reported equity compensation activity. She acquired 6,397 shares of Class A common stock underlying restricted stock units granted at no cost, vesting in three equal installments on March 1 of 2027, 2028, and 2029. She also disposed of 337 shares at $96.01 per share, which were withheld to cover taxes upon the vesting of restricted stock units previously granted on March 1, 2025.
Shake Shack Inc. issued an update to correct a disclosure in its Management’s Discussion and Analysis for the year ended December 31, 2025. The company clarified the contribution from 45 new Company-operated Shacks to Shack sales.
The revised text states Shack sales for 2025 increased 15.2% to $1.4 billion versus the prior year. New Company-operated Shacks contributed $68.3 million, not $218.5 million as previously stated, with the increase partially offset by a decline in guest traffic. Excluding the 53rd week, Shack sales rose 12.9% year over year.
Shake Shack Inc. uses a fine-casual model to serve premium burgers, chicken, shakes and beverages, growing from a single 2004 New York kiosk to 659 system-wide Shacks as of December 31, 2025. Of these, 373 are Company-operated and 286 are licensed across major global cities.
The company is pursuing an aggressive expansion strategy, opening 80 net new Shacks in 2025 and targeting about 1,500 Company-operated locations over time. Average investment per new Shack was about $2.3 million, or $1.9 million net of landlord allowances, with build times generally between 15 and 37 weeks.
Shake Shack emphasizes culture and human capital, employing 13,873 team members as of December 31, 2025 and running multi-week leadership programs plus equity incentives for managers. It is also investing heavily in digital channels, kiosks, personalized offers, and loyalty-style “challenges” to deepen guest engagement and drive repeat visits.
Shake Shack Inc. reported strong fourth-quarter and full-year 2025 results, highlighting double-digit growth and expanding profitability. For Q4 2025, total revenue reached $400.5 million, up 21.9% year-over-year, with Shack sales of $385.3 million and licensing revenue of $15.2 million. Same-Shack sales grew 2.1%, marking the 20th consecutive quarter of positive comparable sales. Restaurant-level profit was $87.4 million, maintaining a 22.7% margin, while net income was $13.0 million and adjusted EBITDA was $56.1 million.
For fiscal 2025, revenue grew 15.4% to $1.45 billion, system-wide sales were $2.23 billion, and same-Shack sales increased 2.3%. Restaurant-level profit rose to $314.5 million with a 22.6% margin, net income was $49.7 million, and adjusted EBITDA reached $209.9 million. The company opened 45 new Company-operated and 40 licensed Shacks, reduced average new-build costs to under $2 million, and ended the year with 659 system-wide locations. Management outlined 2026 guidance, including 55–60 new Company-operated Shacks, 40–45 licensed openings, revenue of $1.6–$1.7 billion and targeted restaurant-level margins of 23.0%–23.5%.
Shake Shack Inc. Corporate Controller Peter M. Herpich filed an initial statement of beneficial ownership of the company’s Class A Common Stock. He reports direct ownership of 3,605 shares, plus 167 additional shares underlying restricted stock units granted under the company’s 2015 and 2025 Incentive Award Plans.
The RSUs represent the right to receive Class A stock that vests in installments between June 15, 2024 and December 15, 2028, contingent on his continued service with Shake Shack. This filing outlines his starting equity position as an executive officer rather than documenting an open-market trade.