SHAKE SHACK INC

Ticker: SHAK CUSIP: 819047101 Class: EQTY

LAKEWOOD CAPITAL MANAGEMENT, LP's Holding History (CIK: 0001424381)

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

Q4 2021

Shares 192,200 Value ($000) $13,869 Avg Close $76.05 Range $66.26 - $100.85

Q3 2021

Shares 197,200 Value ($000) $15,472 Avg Close $91.01 Range $77.59 - $109.88

Q2 2021

Shares 197,200 Value ($000) $21,104 Avg Close $100.90 Range $78.00 - $120.23

Q2 2020

Shares 62,500 Value ($000) $3,311 Avg Close $50.57 Range $30.57 - $63.80

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2021	192,200	$13,869	$76.05	$66.26 - $100.85
Q3 2021	197,200	$15,472	$91.01	$77.59 - $109.88
Q2 2021	197,200	$21,104	$100.90	$78.00 - $120.23
Q2 2020	62,500	$3,311	$50.57	$30.57 - $63.80