Shake Shack Inc. 10-K

Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities. MARKET INFORMATION Our Class A common stock is traded on the New York Stock Exchange under the symbol "SHAK." Our Class B common stock is not listed nor traded on any stock exchange. HOLDERS OF RECORD As of February 18, 2026, there were 143 shareholders of record of our Class A common stock. The number of record holders does not include persons who held shares of our Class A common stock in nominee or "street name" accounts through brokers. As of February 18, 2026, there were 15 shareholders of record of our Class B common stock. DIVIDEND POLICY We currently intend to retain all available funds and any future earnings for use in the operation of our business, and therefore we do not currently expect to pay any cash dividends on our Class A common stock. Holders of our Class B common stock are not entitled to participate in any dividends declared by our Board of Directors. Any future determination to pay dividends to holders of our Class A common stock will be at the discretion of our Board of Directors and will depend upon many factors, including our results of operations, financial condition, capital requirements, restrictions in SSE Holdings' debt agreements and other factors that our Board of Directors deems relevant. We are a holding company, and substantially all of our operations are carried out by SSE Holdings and its subsidiaries. Additionally, under the revolving credit facility, SSE Holdings is currently restricted from paying cash dividends, and we expect these restrictions to continue in the future, which may in turn limit our ability to pay dividends on our Class A common stock. Shake Shack Inc. Form 10-K | 42 STOCK PERFORMANCE GRAPH The following graph and table illustrate the total return from December 30, 2020 through December 31, 2025 for (i) our Class A common stock, (ii) the Standard and Poor's 500 Index, and (iii) the Standard and Poor’s 600 Restaurants Index, assuming an investment of $100 on December 30, 2020 including the reinvestment of dividends, where applicable. Comparison of 5 Year Cumulative Total Return 12/30/2020 12/29/2021 12/28/2022 12/27/2023 12/25/2024 12/31/2025 Shake Shack Inc. $ 100.00 $ 82.62 $ 50.14 $ 89.49 $ 155.59 $ 95.65 S&P 500 Index 100.00 128.71 105.40 133.10 166.40 196.16 S&P 600 Restaurants Index 100.00 95.77 76.33 92.66 109.90 93.67 Shake Shack Inc. Form 10-K | 43 Item 6. Selected Financial Data. Not applicable. Shake Shack Inc. Form 10-K | 44