Statement of Changes in Beneficial Ownership (4)

FORM 4

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

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3235-0287

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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

1. Name and Address of Reporting Person * GARUTTI RANDALL J	2. Issuer Name and Ticker or Trading Symbol Shake Shack Inc. [ SHAK ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director                    __X__ 10% Owner __X__ Officer (give title below)    _____ Other (specify below) Chief Executive Officer
(Last)          (First)          (Middle) C/O SHAKE SHACK INC., 225 VARICK STREET, SUITE 301	3. Date of Earliest Transaction (MM/DD/YYYY) 11/9/2020
(Street) NEW YORK, NY 10014 (City)        (State)        (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY)	6. Individual or Joint/Group Filing (Check Applicable Line) ___ Form filed by One Reporting Person _ X _ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
CLASS A COMMON STOCK	11/9/2020		M(1)		41404	A	$21	93295	D
CLASS A COMMON STOCK	11/9/2020		S		1095	D	$80.03 (2)(3)	92200	D
CLASS A COMMON STOCK	11/9/2020		S		4400	D	$80.8699 (3)(4)	87800	D
CLASS A COMMON STOCK	11/9/2020		S		5100	D	$81.7884 (3)(5)	82700	D
CLASS A COMMON STOCK	11/9/2020		S		5409	D	$82.7434 (3)(6)	77291	D
CLASS A COMMON STOCK	11/9/2020		S		300	D	$83.53 (3)(7)	76991	D
CLASS A COMMON STOCK	11/9/2020		S		3525	D	$85.1287 (3)(8)	73466	D
CLASS A COMMON STOCK	11/9/2020		S		21575	D	$85.608 (3)(9)	51891	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (Right to Buy)	$21.0	11/9/2020		M			41404	(10)	1/29/2025	CLASS A COMMON STOCK	41404.0	$0	435000	D

Explanation of Responses:
(1)	The transactions reported on this Form 4 were all effected pursuant to a 10b5-1 trading plan entered into on September 16, 2020.
(2)	The transaction was executed in multiple trades at prices ranging from $79.26 to $80.2599. The price reported above reflects the weighted average sales price.
(3)	Each Reporting Person hereby undertakes to provide upon request to the SEC staff, Shake Shack Inc. (the "Issuer") or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected.
(4)	The transaction was executed in multiple trades at prices ranging from $80.26 to $81.2599. The price reported above reflects the weighted average sales price.
(5)	The transaction was executed in multiple trades at prices ranging from $81.26 to $82.2599. The price reported above reflects the weighted average sales price.
(6)	The transaction was executed in multiple trades at prices ranging from $82.26 to $83.2599. The price reported above reflects the weighted average sales price.
(7)	The transaction was executed in multiple trades at prices ranging from $83.26 to $84.2599. The price reported above reflects the weighted average sales price.
(8)	The transaction was executed in multiple trades at prices ranging from $84.26 to $85.2599. The price reported above reflects the weighted average sales price.
(9)	The transaction was executed in multiple trades at prices ranging from $85.26 to $85.99. The price reported above reflects the weighted average sales price.
(10)	An option to purchase 685,000 shares of Class A common stock at $21 per share was granted to Mr. Garutti on January 29, 2015. 137,000 options vested on each of January 29, 2016, January 29, 2017, January 29, 2018, January 29, 2019 and January 29, 2020.

Reporting Owners
Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
GARUTTI RANDALL J C/O SHAKE SHACK INC. 225 VARICK STREET, SUITE 301 NEW YORK, NY 10014	X	X	Chief Executive Officer
GARUTTI MARIA L C/O SHAKE SHACK INC. 225 VARICK STREET, SUITE 301 NEW YORK, NY 10014		X

Signatures
/s/ Ronald Palmese, Jr., Esq., Attorney-in-Fact for Randall J. Garutti		11/12/2020
**Signature of Reporting Person		Date
/s/ Ronald Palmese, Jr., Esq., Attorney-in-Fact for Maria L. Garutti		11/12/2020
**Signature of Reporting Person		Date