Form 4: Shake Shack Inc. Director Daniel Meyer Sells Shares Under 10b5-1 Trading Plan

Daniel Meyer, a director and 10% owner of Shake Shack Inc., sold 100 shares of Class A common stock at $110.045 per share on September 26, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• On September 26, 2024, Daniel Harris Meyer, a director and 10% owner of Shake Shack Inc. (SHAK), sold 100 shares of Class A Common Stock at a price of $110.045 per share.
• The sale was executed under a Rule 10b5-1 trading plan established on March 4, 2024.
• Following the transaction, Mr. Meyer directly owns 2,958 shares and indirectly owns 470,337 shares through the Daniel H. Meyer Investment Trust and 1,305,306 shares through the DHM 2012 Gift Trust.
• Other reporting persons listed are Audrey H. Meyer and Michael C. McQuinn, both with a relationship to the issuer as director and 10% owner.
• Ronald Palmese, Jr., Esq., acted as Attorney-in-Fact for all reporting persons.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports a transaction under a pre-existing trading plan. It doesn't inherently indicate positive or negative sentiment towards the company's prospects.

Industry Context

Sales by insiders are a common occurrence and are often pre-planned through 10b5-1 trading plans to avoid accusations of trading on material non-public information. The sale is a small percentage of Meyer's overall holdings.

Stakeholder Impact

• The sale of shares by a director could be perceived negatively by some shareholders, although the impact is likely minimal given the small number of shares sold and the existence of a pre-arranged trading plan.

Key Dates