Form 4: Shake Shack CFO Katherine Fogertey Sells Shares Under 10b5-1 Trading Plan

Katherine Fogertey, CFO of Shake Shack Inc., sold 180 shares of Class A Common Stock at a price of $115.045 per share on May 13, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• On May 13, 2025, Katherine Fogertey, the Chief Financial Officer of Shake Shack Inc., sold 180 shares of Class A Common Stock.
• The sale was executed at a price of $115.045 per share.
• Following the transaction, Ms. Fogertey directly owns 39,706 shares of Shake Shack Inc.
• The transaction was conducted under a Rule 10b5-1 trading plan established on March 13, 2024.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to a pre-planned stock sale by the CFO. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

Sales by company executives are a normal part of corporate governance. The use of a 10b5-1 trading plan suggests the sale was pre-planned and not based on any inside information at the time of the transaction.

Comparison to Industry Standards

• Executive stock sales are common across the restaurant industry.
• Comparable companies like McDonald's (MCD) and Starbucks (SBUX) also see regular insider transactions.
• The use of 10b5-1 plans is a standard practice to avoid accusations of insider trading, aligning with industry best practices.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders, but the use of a 10b5-1 plan mitigates concerns about insider trading.
• The transaction is unlikely to significantly affect employees, customers, suppliers, or creditors.

Key Dates

Keywords

Shake Shack, SHAK, Katherine Fogertey, CFO, Form 4, Stock Sale, 10b5-1 Trading Plan, Insider Trading