Cheesecake Factory president sells 31,950 shares
CHEESECAKE FACTORY INC president David M. Gordon reported option exercises and share sales on August 10, 2026.
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Form Type
4
Rhea-AI Filing Summary
CHEESECAKE FACTORY INC president David M. Gordon reported option exercises and share sales on August 10, 2026. He exercised employee stock options for 11,040 shares at $40.16 and 5,826 shares at $34.91, receiving common stock. On the same date he sold a total of 31,950 common shares in open-market transactions at weighted average prices of $109.98 and $110.08, with individual sale prices ranging between $109.94–$110.15. The filing also lists restricted stock that remains subject to forfeiture.
Insights
Analyzing...
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
7 txns
Insider
Gordon David M
Role
PRESIDENT
Sold
31,950 shs ($3.52M)
Approx. gross sale proceeds
$3.52M
Approx. exercise cost
$647K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) | 11,040 | $40.16 | $443K |
| Exercise | Employee Stock Option (right to buy) | 5,826 | $34.91 | $203K |
| Exercise | Common Stock | 11,040 | $40.16 | $443K |
| Exercise | Common Stock | 5,826 | $34.91 | $203K |
| Sale | Common Stock F1 | 16,866 | $109.98 | $1.85M |
| Sale | Common Stock F2 | 15,084 | $110.08 | $1.66M |
| holding | Common Stock F3 | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (right to buy) — 17,478 contracts (Direct);
Common Stock — 84,824 shares (Direct)
Footnotes (3)
- F1. The price reported within column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $109.94 to $110.15, inclusive. The reporting person undertakes to provide to CAKE Corporation, any security holder of CAKE Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.
- F2. The price reported within column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $110.06 to $110.15, inclusive. The reporting person undertakes to provide to CAKE Corporation, any security holder of CAKE Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (2) to this Form 4.
- F3. Shares of restricted stock subject to forfeiture.
Key Figures
Options exercised at $40.16: 11,040 shares
Options exercised at $34.91: 5,826 shares
Total options exercised: 16,866 shares
+5 more
8 metrics
Options exercised at $40.16
11,040 shares
Employee stock options exercised on August 10, 2026 at $40.16 per share
Options exercised at $34.91
5,826 shares
Employee stock options exercised on August 10, 2026 at $34.91 per share
Total options exercised
16,866 shares
Sum of employee stock options exercised into common stock on August 10, 2026
Common shares sold at $109.98
16,866 shares
Open-market sale at weighted average price $109.98; trades ranged $109.94–$110.15
Common shares sold at $110.08
15,084 shares
Open-market sale at weighted average price $110.08; trades ranged $110.06–$110.15
Total common shares sold
31,950 shares
Aggregate of reported common stock sale transactions on August 10, 2026
Option expiration 1
February 18, 2030
Expiration date for options with $40.16 exercise price
Option expiration 2
February 15, 2034
Expiration date for options with $34.91 exercise price
Key Terms
Employee Stock Option (right to buy), weighted average price, restricted stock, open market or private transaction
4 terms
Employee Stock Option (right to buy) financial
"security_title shows "Employee Stock Option (right to buy)" as the derivative security"
weighted average price financial
"The price reported within column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
restricted stock financial
"Footnote F3 states: Shares of restricted stock subject to forfeiture."
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
open market or private transaction financial
"transaction_code_description notes Sale in open market or private transaction"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did CHEESECAKE FACTORY (CAKE) president David M. Gordon report in this Form 4?
He reported exercising stock options for 16,866 shares and selling 31,950 common shares of CHEESECAKE FACTORY INC on August 10, 2026, in open-market transactions at weighted average prices around $110 per share.
How many CHEESECAKE FACTORY (CAKE) options did David M. Gordon exercise and at what prices?
He exercised employee stock options covering 11,040 shares at $40.16 per share and 5,826 shares at $34.91 per share, converting them into an equal number of CHEESECAKE FACTORY INC common shares on August 10, 2026.
Were David M. Gordon’s CHEESECAKE FACTORY (CAKE) trades under a Rule 10b5-1 plan?
The Form 4 indicates the Rule 10b5-1 checkbox is not marked, and the footnotes do not mention any trading plan. The transactions are therefore not identified in this filing as being made under a pre-arranged 10b5-1 trading plan.
What type of securities are involved in this CHEESECAKE FACTORY (CAKE) Form 4 filing?
The filing covers Employee Stock Options (rights to buy) that were exercised into CHEESECAKE FACTORY INC common stock, subsequent sales of common stock, and a position in restricted stock subject to forfeiture noted in a footnote.
AI-generated analysis. How Rhea-AI works. Not financial advice.
