SHAKE SHACK INC

Ticker: SHAK CUSIP: 819047101 Class: EQTY

Hudson Bay Capital Management LP's Holding History (CIK: 0001393825)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 185,000 Value ($000) $15,016 Avg Close $88.17 Range $76.51 - $97.80

Q3 2025

Shares 44,673 Value ($000) $4,182 Avg Close $114.90 Range $91.85 - $144.65

Q2 2025

Shares 27,280 Value ($000) $3,836 Avg Close $108.92 Range $72.93 - $141.06

Q4 2024

Shares 61,572 Value ($000) $7,992 Avg Close $122.51 Range $100.71 - $139.89

Q3 2024

Shares 49,515 Value ($000) $5,110 Avg Close $96.33 Range $77.50 - $111.17

Q2 2024

Shares 55,729 Value ($000) $5,016 Avg Close $97.58 Range $86.89 - $111.29

Q1 2024

Shares 121,662 Value ($000) $12,656 Avg Close $87.53 Range $64.16 - $110.90

Q2 2023

Shares 41,804 Value ($000) $3,249 Avg Close $64.25 Range $52.64 - $79.33

Q1 2023

Shares 32,813 Value ($000) $1,821 Avg Close $55.18 Range $40.90 - $61.39

Q4 2021

Shares 10,000 Value ($000) $722 Avg Close $76.05 Range $66.26 - $100.85

Q3 2018

Shares 20,757 Value ($000) $1,308 Avg Close $60.72 Range $55.10 - $70.12

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	185,000	$15,016	$88.17	$76.51 - $97.80
Q3 2025	44,673	$4,182	$114.90	$91.85 - $144.65
Q2 2025	27,280	$3,836	$108.92	$72.93 - $141.06
Q4 2024	61,572	$7,992	$122.51	$100.71 - $139.89
Q3 2024	49,515	$5,110	$96.33	$77.50 - $111.17
Q2 2024	55,729	$5,016	$97.58	$86.89 - $111.29
Q1 2024	121,662	$12,656	$87.53	$64.16 - $110.90
Q2 2023	41,804	$3,249	$64.25	$52.64 - $79.33
Q1 2023	32,813	$1,821	$55.18	$40.90 - $61.39
Q4 2021	10,000	$722	$76.05	$66.26 - $100.85
Q3 2018	20,757	$1,308	$60.72	$55.10 - $70.12