Chapman Charles J III 4

What Happened
Charles J. Chapman III, a director of Shake Shack Inc. (SHAK), purchased a total of 2,000 shares in open-market transactions on May 15, 2026. The trades consisted of 1,000 shares at $61.32 ($61,320), 780 shares at $61.43 ($47,915), and 220 shares at $61.32 ($13,490), for a combined cost of approximately $122,725. These were purchases (acquisitions), which investors often view as a more informative signal than sales.

Key Details

• Transaction date: 2026-05-15; Filing date: 2026-05-18 (Form 4 accession 0001425635-26-000003).
• Prices: reported per-lot prices above; filing notes the trades were executed in multiple fills at prices ranging $61.31–$61.37 and the reported prices reflect weighted averages (Footnote F1).
• Shares acquired: 2,000; Total value: ~$122,725.
• Shares owned after the transaction: not stated in the filing.
• Notable footnote: F1 discloses multiple trades and weighted-average pricing and offers to provide full trade-by-trade details on request.
• No derivative exercises, gifts, tax withholding, or 10b5‑1 plan were reported in this filing.

Context
This is a straightforward open-market purchase by a company director rather than an executive option exercise or grant. The dollar amount is modest relative to many insider trades, so while purchases can be seen as a positive signal, it’s one data point among many — not proof of future performance.