[144] Cheesecake Factory (The) SEC Filing
The Cheesecake Factory (CAKE) has filed a Form 144 indicating a proposed sale of 43,335 shares of common stock with an aggregate market value of $2,807,241.30, to be executed through Northwestern Mutual Investment Services on or about 08/14/2025 on NASDAQ.
The filing lists the outstanding shares as 49,810,427 and provides acquisition details showing the reported shares were received through a mix of restricted stock awards (grants dated 2015, 2021, 2023, 2024) and employee stock option exercises (dates in 2019 and 2020), with payment characterized as compensation or cash. The filer reports no securities sold in the past three months and attests not to possessing undisclosed material information about the issuer.
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Insights
TL;DR: Routine insider notice for a planned sale of 43,335 CAKE shares valued at ~$2.8M; disclosure aligns with Rule 144 requirements.
The Form 144 details a proposed sale via a registered broker and itemizes the origin of the shares as restricted stock grants and employee option exercises. The filing includes the number of outstanding shares and affirms no sales in the prior three months. From a securities-compliance perspective, this is a standard disclosure that enables market transparency about an insider-originated sale; the filing itself contains no operational or financial performance data about the company.
TL;DR: Governance disclosure appears complete and routine, listing acquisition sources and an attestation regarding material nonpublic information.
The notice specifies acquisition dates, transaction types, and payment nature for each block of shares to be sold, and names the executing broker. The filer also provides the required attestation about material adverse information. These elements satisfy the typical Rule 144 disclosure checklist; there is no indication in the filing of unusual governance issues or undisclosed contingencies.