Shake Shack Inc.
US ˙ NYSE ˙ US8190471016

Introduction

This page provides a comprehensive analysis of the known insider trading history of David A Swinghamer. Insiders are officers, directors, or significant investors in a company. It is illegal for insiders to make trades in their companies based on specific, non-public information. This does not mean it is illegal for them to make any trades in their own companies. However, they must report all trades to the SEC via a Form 4. Despite these restrictions, academic research suggests that insiders - in general - tend to outperform the market in their own companies.

Average Trade Profitability

The average trade profitability is the average return of all the open market purchases made by the insider in the last three years. To calculate this, we examine every open-market, unplanned purchase made by the insider, excluding all trades that were marked as part of a 10b5-1 trading plan. We then calculate the average performance of those trades over 3, 6, and 12 months, averaging each of those durations to generate a final performance metric for each trade. Finally, we average all of the performance metrics to calculate a performance metric for the insider. This list only includes insiders that have made at least three trades in the last two years.

If this insiders trade profitability is "N/A", then the insider either has not made any open-market purchases in the last three years, or the trades they’ve made are too recent to calculate a reliable performance metric.

Update Frequency: Daily

See the list of most profitable insider traders.

See Highest Ranking Insiders
Companies with Reported Insider Positions

The SEC filings indicate David A Swinghamer has reported holdings or trades in the following companies:

Security Title Latest Reported Holdings
US:SHAK / Shake Shack Inc. 10% Owner 5,000
How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by David A Swinghamer. Non-planned trade are trades that were not made as part of a 10b5-1 trading plan. The stock performance is charted as cumulative percent change in share price. For example, if an insider trade was made on January 1, 2019, the chart will show the daily percent change of the security to the present day. If the share price were to go from $10 to $15 during this time, the cumulative percent change in share price would be 50%. A change in price from $10 to $20 would be 100%, and a change in price of $10 to $5 would be -50%.

Ultimately, we are trying to determine how closely the insider’s trades correlate to excess returns (positive or negative) in the share price in order to see if the insider is timing their trades to profit from insider information. Consider the situation where an insider was doing this. In this situation, we would expect either (a) positive returns after purchases, or (b) negative returns after sales. In the case of (a), the PURCHASE chart would show a series of upwardly sloping curves, indicating positive returns after each purchase transaction. In the case of (b), the SALE chart would show a series of downward sloping curves, indicating negative returns after each sale transaction.

However, this alone is not enough to draw conclusions. If, for example, the share price of the company was in a non-cyclical climb over many years, then we would expect all the post-purchase plots to be upwardly sloping. Likewise, non-cyclical declines over many years would result in downward sloping post-trade plots. Neither of these charts would suggest insider trading activity.

The strongest indicator would be a situation where the share price was extremely cyclical, and there were both positive signals in the PURCHASE chart and negative plots on the SALE chart. This situation would be highly suggestive of an insider that was timing trades to their financial advantage.

Insider Purchases SHAK / Shake Shack Inc. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in SHAK / Shake Shack Inc.. This analysis helps to understand if the insider consistently generates abnormal returns, and is worth following. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market purchases that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Max		 Price at
Max		 Max
Profit ($)		 Max Return (%)
There are no known unplanned open-market trades for this insider and security combination

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

SHAK / Shake Shack Inc. Insider Trades
Insider Sales SHAK / Shake Shack Inc. - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in SHAK / Shake Shack Inc.. A consistent pattern of loss avoidance may suggest that future sale transactions may predict declines in price. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market sales that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Min		 Price at
Min		 Max Loss
Avoided ($)		 Max Loss
Avoided (%)
2017-05-05 SHAK SWINGHAMER DAVID A 25,000 35.1285 25,000 35.1285 878,212 117 30.6000 -113,212 -12.89
2017-05-05 SHAK SWINGHAMER DAVID A 20,000 36.0582 20,000 36.0582 721,164
2017-05-03 SHAK SWINGHAMER DAVID A 21,073 33.6433 21,073 33.6433 708,965
2017-05-02 SHAK SWINGHAMER DAVID A 13,827 34.3381 13,827 34.3381 474,793
2017-05-01 SHAK SWINGHAMER DAVID A 100 34.5100 100 34.5100 3,451
2017-04-27 SHAK SWINGHAMER DAVID A 10,000 34.5000 10,000 34.5000 345,000
2017-04-27 SHAK SWINGHAMER DAVID A 5,000 34.7024 5,000 34.7024 173,512
2016-11-14 SHAK SWINGHAMER DAVID A 20,000 38.2292 20,000 38.2292 764,584
2016-11-11 SHAK SWINGHAMER DAVID A 5,000 38.0523 5,000 38.0523 190,262
2016-11-10 SHAK SWINGHAMER DAVID A 25,000 37.7588 25,000 37.7588 943,970
2016-08-09 SHAK SWINGHAMER DAVID A 22,934 42.4244 22,934 42.4244 972,961
2016-07-20 SHAK SWINGHAMER DAVID A 13,535 39.6979 13,535 39.6979 537,311
2016-07-20 SHAK SWINGHAMER DAVID A 10,000 39.9950 10,000 39.9950 399,950
2016-07-19 SHAK SWINGHAMER DAVID A 3,581 39.1354 3,581 39.1354 140,144
2016-07-13 SHAK SWINGHAMER DAVID A 15,089 38.9979 15,089 38.9979 588,439
2016-05-13 SHAK SWINGHAMER DAVID A 30,000 36.3775 30,000 36.3775 1,091,325
2016-05-13 SHAK SWINGHAMER DAVID A 15,000 37.1236 15,000 37.1236 556,854
2016-04-15 SHAK SWINGHAMER DAVID A 5,290 38.7560 5,290 38.7560 205,019
2016-03-04 SHAK SWINGHAMER DAVID A 5,523 43.2874 5,523 43.2874 239,076
2016-03-04 SHAK SWINGHAMER DAVID A 19,540 42.4184 19,540 42.4184 828,856
2016-03-01 SHAK SWINGHAMER DAVID A 15,000 41.3030 15,000 41.3030 619,545
2016-02-29 SHAK SWINGHAMER DAVID A 10,000 42.4340 10,000 42.4340 424,340
2016-02-29 SHAK SWINGHAMER DAVID A 11,711 41.4097 11,711 41.4097 484,949
2016-02-29 SHAK SWINGHAMER DAVID A 8,405 40.6280 8,405 40.6280 341,478
2016-02-26 SHAK SWINGHAMER DAVID A 20,000 40.1008 20,000 40.1008 802,016
2016-02-24 SHAK SWINGHAMER DAVID A 400 41.0550 400 41.0550 16,422
2016-02-23 SHAK SWINGHAMER DAVID A 14,227 41.3670 14,227 41.3670 588,528
2016-02-23 SHAK SWINGHAMER DAVID A 23,905 40.6390 23,905 40.6390 971,475
2016-02-22 SHAK SWINGHAMER DAVID A 6,868 40.0138 6,868 40.0138 274,815
2016-02-19 SHAK SWINGHAMER DAVID A 13,008 38.2834 13,008 38.2834 497,990
2016-02-17 SHAK SWINGHAMER DAVID A 6,992 38.0333 6,992 38.0333 265,929
2016-01-20 SHAK SWINGHAMER DAVID A 30,000 34.0000 30,000 34.0000 1,020,000
2015-12-11 SHAK SWINGHAMER DAVID A 7,900 42.0394 7,900 42.0394 332,111
2015-12-08 SHAK SWINGHAMER DAVID A 6,200 43.1717 6,200 43.1717 267,665
2015-12-08 SHAK SWINGHAMER DAVID A 6,200 43.2744 6,200 43.2744 268,301
2015-12-07 SHAK SWINGHAMER DAVID A 5,000 43.7496 5,000 43.7496 218,748
2015-12-07 SHAK SWINGHAMER DAVID A 2,600 44.4492 2,600 44.4492 115,568
2015-12-01 SHAK SWINGHAMER DAVID A 2,650 46.8860 2,650 46.8860 124,248
2015-11-30 SHAK SWINGHAMER DAVID A 5,206 44.8116 5,206 44.8116 233,289
2015-11-30 SHAK SWINGHAMER DAVID A 5,872 45.4630 5,872 45.4630 266,959
2015-11-30 SHAK SWINGHAMER DAVID A 5,000 46.1355 5,000 46.1355 230,678
2015-11-25 SHAK SWINGHAMER DAVID A 1,635 44.1343 1,635 44.1343 72,160
2015-11-24 SHAK SWINGHAMER DAVID A 13,274 43.2698 13,274 43.2698 574,363
2015-11-19 SHAK SWINGHAMER DAVID A 14,906 43.0507 14,906 43.0507 641,714
2015-11-19 SHAK SWINGHAMER DAVID A 100 43.5200 100 43.5200 4,352
2015-11-18 SHAK SWINGHAMER DAVID A 20,035 42.5514 20,035 42.5514 852,517
2015-11-16 SHAK SWINGHAMER DAVID A 10,000 40.8682 10,000 40.8682 408,682
2015-11-16 SHAK SWINGHAMER DAVID A 4,000 42.5968 4,000 42.5968 170,387
2015-11-16 SHAK SWINGHAMER DAVID A 6,000 43.5094 6,000 43.5094 261,056
2015-11-13 SHAK SWINGHAMER DAVID A 16,400 41.3535 16,400 41.3535 678,197
2015-11-13 SHAK SWINGHAMER DAVID A 3,100 42.0003 3,100 42.0003 130,201
2015-08-18 SHAK SWINGHAMER DAVID A 159,843 57.7500 159,843 57.7500 9,230,933
2015-04-24 SHAK SWINGHAMER DAVID A 1,000 63.0700 1,000 63.0700 63,070

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

SHAK / Shake Shack Inc. Insider Trades
Insider Trading History

This table shows the complete list of insider trades made by David A Swinghamer as disclosed to the Securities Exchange Commission (SEC).

File Date Tran Date Form Ticker Security Code 10b5-1 Shares Remaining Shares Percent
Change		 Share
Price		 Tran
Value		 Remaining
Value
2017-05-09 2017-05-05 4 SHAK Shake Shack Inc.
CLASS A COMMON STOCK 		S - Sale -20,000 5,000 -80.00 36.06 -721,164 180,291
2017-05-09 2017-05-05 4 SHAK Shake Shack Inc.
CLASS A COMMON STOCK 		S - Sale -25,000 25,000 -50.00 35.13 -878,212 878,212
2017-05-04 2017-05-03 4 SHAK Shake Shack Inc.
CLASS A COMMON STOCK 		S - Sale -21,073 50,000 -29.65 33.64 -708,965 1,682,165
2017-05-04 2017-05-02 4 SHAK Shake Shack Inc.
CLASS A COMMON STOCK 		S - Sale -13,827 71,073 -16.29 34.34 -474,793 2,440,512
2017-05-01 2017-05-01 4 SHAK Shake Shack Inc.
CLASS A COMMON STOCK 		S - Sale -100 84,900 -0.12 34.51 -3,451 2,929,899
2017-05-01 2017-04-27 4 SHAK Shake Shack Inc.
CLASS A COMMON STOCK 		S - Sale -5,000 85,000 -5.56 34.70 -173,512 2,949,704
2017-04-27 2017-04-27 4 SHAK Shake Shack Inc.
CLASS A COMMON STOCK 		S - Sale -10,000 40,000 -20.00 34.50 -345,000 1,380,000
2017-04-27 2017-04-25 4 SHAK Shake Shack Inc.
COMMON MEMBERSHIP INTERESTS 		C - Conversion -50,000 457,167 -9.86
2017-04-27 2017-04-25 4 SHAK Shake Shack Inc.
CLASS B COMMON STOCK 		J - Other -50,000 457,167 -9.86
2017-04-27 2017-04-25 4 SHAK Shake Shack Inc.
CLASS A COMMON STOCK 		C - Conversion 50,000 50,000
2017-04-06 2016-11-23 4 SHAK Shake Shack Inc.
COMMON MEMBERSHIP INTERESTS 		C - Conversion -50,000 507,167 -8.97
2017-04-06 2016-11-23 4 SHAK Shake Shack Inc.
CLASS B COMMON STOCK 		J - Other -50,000 507,167 -8.97
2017-04-06 2016-11-23 4 SHAK Shake Shack Inc.
CLASS A COMMON STOCK 		C - Conversion 50,000 50,000
2016-11-15 2016-11-14 4 SHAK Shake Shack Inc.
CLASS A COMMON STOCK 		S - Sale -20,000 0 -100.00 38.23 -764,584
2016-11-15 2016-11-11 4 SHAK Shake Shack Inc.
CLASS A COMMON STOCK 		S - Sale -5,000 20,000 -20.00 38.05 -190,262 761,046
2016-11-15 2016-11-10 4 SHAK Shake Shack Inc.
CLASS A COMMON STOCK 		S - Sale -25,000 25,000 -50.00 37.76 -943,970 943,970
2016-08-12 2016-08-09 4 SHAK Shake Shack Inc.
CLASS A COMMON STOCK 		S - Sale -22,934 30,000 -43.33 42.42 -972,961 1,272,732
2016-08-12 2016-07-28 4 SHAK Shake Shack Inc.
COMMON MEMBERSHIP INTERESTS 		C - Conversion -50,000 557,167 -8.23
2016-08-12 2016-07-28 4 SHAK Shake Shack Inc.
CLASS B COMMON STOCK 		J - Other -50,000 557,167 -8.23
2016-08-12 2016-07-28 4 SHAK Shake Shack Inc.
CLASS A COMMON STOCK 		C - Conversion 50,000 50,000
2016-07-22 2016-07-20 4 SHAK Shake Shack Inc.
CLASS A COMMON STOCK 		S - Sale -10,000 52,934 -15.89 40.00 -399,950 2,117,095
2016-07-22 2016-07-20 4 SHAK Shake Shack Inc.
CLASS A COMMON STOCK 		S - Sale -13,535 0 -100.00 39.70 -537,311
2016-07-22 2016-07-19 4 SHAK Shake Shack Inc.
CLASS A COMMON STOCK 		S - Sale -3,581 13,535 -20.92 39.14 -140,144 529,698
2016-07-15 2016-07-13 4 SHAK Shake Shack Inc.
CLASS A COMMON STOCK 		S - Sale -15,089 17,116 -46.85 39.00 -588,439 667,488
2016-05-23 2016-05-13 4 SHAK Shake Shack Inc.
CLASS A COMMON STOCK 		S - Sale -15,000 32,205 -31.78 37.12 -556,854 1,195,566
2016-05-23 2016-05-13 4 SHAK Shake Shack Inc.
CLASS A COMMON STOCK 		S - Sale -30,000 47,205 -38.86 36.38 -1,091,325 1,717,200
2016-04-20 2016-04-15 4 SHAK Shake Shack Inc.
CLASS A COMMON STOCK 		S - Sale -5,290 77,205 -6.41 38.76 -205,019 2,992,157
2016-03-08 2016-03-04 4 SHAK Shake Shack Inc.
CLASS A COMMON STOCK 		S - Sale -19,540 62,934 -23.69 42.42 -828,856 2,669,560
2016-03-08 2016-03-04 4 SHAK Shake Shack Inc.
CLASS A COMMON STOCK 		S - Sale -5,523 82,474 -6.28 43.29 -239,076 3,570,085
2016-03-02 2016-03-01 4 SHAK Shake Shack Inc.
CLASS A COMMON STOCK 		S - Sale -15,000 87,997 -14.56 41.30 -619,545 3,634,540
2016-03-02 2016-02-29 4 SHAK Shake Shack Inc.
CLASS A COMMON STOCK 		S - Sale -8,405 102,997 -7.54 40.63 -341,478 4,184,562
2016-03-02 2016-02-29 4 SHAK Shake Shack Inc.
CLASS A COMMON STOCK 		S - Sale -11,711 111,402 -9.51 41.41 -484,949 4,613,123
2016-03-02 2016-02-29 4 SHAK Shake Shack Inc.
CLASS A COMMON STOCK 		S - Sale -10,000 123,113 -7.51 42.43 -424,340 5,224,177
2016-02-29 2016-02-26 4 SHAK Shake Shack Inc.
CLASS A COMMON STOCK 		S - Sale -20,000 133,113 -13.06 40.10 -802,016 5,337,938
2016-02-29 2016-02-24 4 SHAK Shake Shack Inc.
CLASS A COMMON STOCK 		S - Sale -400 153,113 -0.26 41.06 -16,422 6,286,054
2016-02-29 2016-02-23 4 SHAK Shake Shack Inc.
CLASS A COMMON STOCK 		S - Sale -23,905 153,513 -13.47 40.64 -971,475 6,238,615
2016-02-29 2016-02-23 4 SHAK Shake Shack Inc.
CLASS A COMMON STOCK 		S - Sale -14,227 177,418 -7.42 41.37 -588,528 7,339,250
2016-02-29 2016-02-22 4 SHAK Shake Shack Inc.
CLASS A COMMON STOCK 		S - Sale -6,868 191,645 -3.46 40.01 -274,815 7,668,445
2016-02-19 2016-02-19 4 SHAK Shake Shack Inc.
CLASS A COMMON STOCK 		S - Sale -13,008 82,495 -13.62 38.28 -497,990 3,158,189
2016-02-19 2016-02-17 4 SHAK Shake Shack Inc.
CLASS A COMMON STOCK 		S - Sale -6,992 95,503 -6.82 38.03 -265,929 3,632,294
2016-01-29 2016-01-20 4 SHAK Shake Shack Inc.
CLASS A COMMON STOCK 		S - Sale -30,000 102,495 -22.64 34.00 -1,020,000 3,484,830
2016-01-29 2015-12-24 4 SHAK Shake Shack Inc.
Common Membership Interests 		C - Conversion -1,727,804 0 -100.00
2016-01-29 2015-12-24 4 SHAK Shake Shack Inc.
CLASS B COMMON STOCK 		C - Conversion -1,727,804 0 -100.00
2016-01-29 2015-12-24 4 SHAK Shake Shack Inc.
CLASS A COMMON STOCK 		C - Conversion 68,573 132,495 107.28
2016-01-28 2015-11-12 4/A SHAK Shake Shack Inc.
CLASS A COMMON STOCK 		C - Conversion 198,513 198,513
2016-01-28 3/A SHAK Shake Shack Inc.
CLASS B COMMON STOCK 		1,727,804
2015-12-15 2015-12-11 4 SHAK Shake Shack Inc.
CLASS A COMMON STOCK 		S - Sale -7,900 63,922 -11.00 42.04 -332,111 2,687,243
2015-12-09 2015-12-08 4 SHAK Shake Shack Inc.
CLASS A COMMON STOCK 		S - Sale -6,200 71,822 -7.95 43.27 -268,301 3,108,054
2015-12-09 2015-12-08 4 SHAK Shake Shack Inc.
CLASS A COMMON STOCK 		S - Sale -6,200 78,022 -7.36 43.17 -267,665 3,368,342
2015-12-09 2015-12-07 4 SHAK Shake Shack Inc.
CLASS A COMMON STOCK 		S - Sale -2,600 84,222 -2.99 44.45 -115,568 3,743,601
2015-12-09 2015-12-07 4 SHAK Shake Shack Inc.
CLASS A COMMON STOCK 		S - Sale -5,000 86,822 -5.45 43.75 -218,748 3,798,428
2015-12-02 2015-12-01 4 SHAK Shake Shack Inc.
CLASS A COMMON STOCK 		S - Sale -2,650 91,822 -2.81 46.89 -124,248 4,305,166
2015-12-02 2015-11-30 4 SHAK Shake Shack Inc.
CLASS A COMMON STOCK 		S - Sale -5,000 94,472 -5.03 46.14 -230,678 4,358,513
2015-12-02 2015-11-30 4 SHAK Shake Shack Inc.
CLASS A COMMON STOCK 		S - Sale -5,872 99,472 -5.57 45.46 -266,959 4,522,296
2015-12-02 2015-11-30 4 SHAK Shake Shack Inc.
CLASS A COMMON STOCK 		S - Sale -5,206 105,344 -4.71 44.81 -233,289 4,720,633
2015-11-27 2015-11-25 4 SHAK Shake Shack Inc.
CLASS A COMMON STOCK 		S - Sale -1,635 110,550 -1.46 44.13 -72,160 4,879,047
2015-11-27 2015-11-24 4 SHAK Shake Shack Inc.
CLASS A COMMON STOCK 		S - Sale -13,274 112,185 -10.58 43.27 -574,363 4,854,223
2015-11-20 2015-11-19 4 SHAK Shake Shack Inc.
CLASS A COMMON STOCK 		S - Sale -100 125,459 -0.08 43.52 -4,352 5,459,976
2015-11-20 2015-11-19 4 SHAK Shake Shack Inc.
CLASS A COMMON STOCK 		S - Sale -14,906 125,559 -10.61 43.05 -641,714 5,405,403
2015-11-20 2015-11-18 4 SHAK Shake Shack Inc.
CLASS A COMMON STOCK 		S - Sale -20,035 140,465 -12.48 42.55 -852,517 5,976,982
2015-11-16 2015-11-16 4 SHAK Shake Shack Inc.
CLASS A COMMON STOCK 		S - Sale -6,000 160,500 -3.60 43.51 -261,056 6,983,259
2015-11-16 2015-11-16 4 SHAK Shake Shack Inc.
CLASS A COMMON STOCK 		S - Sale -4,000 166,500 -2.35 42.60 -170,387 7,092,367
2015-11-16 2015-11-16 4 SHAK Shake Shack Inc.
CLASS A COMMON STOCK 		S - Sale -10,000 170,500 -5.54 40.87 -408,682 6,968,028
2015-11-16 2015-11-13 4 SHAK Shake Shack Inc.
CLASS A COMMON STOCK 		S - Sale -3,100 180,500 -1.69 42.00 -130,201 7,581,054
2015-11-16 2015-11-13 4 SHAK Shake Shack Inc.
CLASS A COMMON STOCK 		S - Sale -16,400 183,600 -8.20 41.35 -678,197 7,592,503
2015-11-16 2015-11-12 4 SHAK Shake Shack Inc.
Common Membership Interests 		C - Conversion -198,513 20,000 -90.85
2015-11-16 2015-11-12 4 SHAK Shake Shack Inc.
Common Membership Interests 		C - Conversion -200,000 607,167 -24.78
2015-11-16 2015-11-12 4 SHAK Shake Shack Inc.
CLASS B COMMON STOCK 		J - Other -198,513 20,000 -90.85
2015-11-16 2015-11-12 4 SHAK Shake Shack Inc.
CLASS B COMMON STOCK 		J - Other -200,000 607,167 -24.78
2015-11-16 2015-11-12 4 SHAK Shake Shack Inc.
CLASS A COMMON STOCK 		C - Conversion 200,000 200,000
2015-08-20 2015-08-18 4 SHAK Shake Shack Inc.
Common Membership Interests 		C - Conversion -159,843 807,167 -16.53
2015-08-20 2015-08-18 4 SHAK Shake Shack Inc.
CLASS B COMMON STOCK 		J - Other -159,843 807,167 -16.53
2015-08-20 2015-08-18 4 SHAK Shake Shack Inc.
CLASS A COMMON STOCK 		S - Sale -159,843 0 -100.00 57.75 -9,230,933
2015-08-20 2015-08-18 4 SHAK Shake Shack Inc.
CLASS A COMMON STOCK 		C - Conversion 159,843 159,843
2015-08-10 2015-04-24 4 SHAK Shake Shack Inc.
CLASS A COMMON STOCK 		S - Sale -1,000 0 -100.00 63.07 -63,070
2015-02-17 3 SHAK Shake Shack Inc.
CLASS A COMMON STOCK 		1,187,523
2015-02-17 3 SHAK Shake Shack Inc.
CLASS B COMMON STOCK 		2,153,533
2015-02-17 3 SHAK Shake Shack Inc.
CLASS B COMMON STOCK 		1,405,036
2015-02-17 3 SHAK Shake Shack Inc.
CLASS A COMMON STOCK 		1,187,523
2015-02-17 3 SHAK Shake Shack Inc.
CLASS B COMMON STOCK 		2,153,533
2015-02-17 3 SHAK Shake Shack Inc.
CLASS B COMMON STOCK 		1,405,036
2015-02-17 3 SHAK Shake Shack Inc.
CLASS A COMMON STOCK 		1,187,523
2015-02-17 3 SHAK Shake Shack Inc.
CLASS B COMMON STOCK 		2,153,533
2015-02-17 3 SHAK Shake Shack Inc.
CLASS B COMMON STOCK 		1,405,036
P
Open market or private purchase of non-derivative or derivative security
S
Open market or private sale of non-derivative or derivative security
A
Grant, award, or other acquisition of securities from the company (such as an option)
C
Conversion of derivative
D
Sale or transfer of securities back to the company
F
Payment of exercise price or tax liability using portion of securities received from the company
G
Gift of securities by or to the insider
K
Equity swaps and similar hedging transactions
M
Exercise or conversion of derivative security received from the company (such as an option)
V
A transaction voluntarily reported on Form 4
J
Other (accompanied by a footnote describing the transaction)