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  4. [Form 4] CHEESECAKE FACTORY INC Insider Trading Activity

Cheesecake Factory (CAKE) president exercises options and sells 31,950 shares

Filing Impact
(Very High)
Filing Sentiment
(Negative)
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.

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Negative

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Insights

Analyzing...

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 shares (Direct); Common Stock — 84,824 shares (Direct)
Footnotes (3)
  1. 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.
  2. 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.
  3. F3. Shares of restricted stock subject to forfeiture.
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
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

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.

How many CHEESECAKE FACTORY (CAKE) shares did David M. Gordon sell and at what prices?
He sold 31,950 common shares of CHEESECAKE FACTORY INC on August 10, 2026 at weighted average prices of $109.98 and $110.08 per share, with individual trades ranging between $109.94–$110.15 per share.

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.

Does the CHEESECAKE FACTORY (CAKE) Form 4 show how many shares David M. Gordon owns after these trades?
The Form 4 provides transaction details for the options exercised and shares sold but does not state a total shareholding figure for David M. Gordon after these August 10, 2026 transactions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Gordon David M
(Last)(First)(Middle)
C/O THE CHEESECAKE FACTORY INC.
26901 MALIBU HILLS DRIVE
(Street)
CALABASAS HILLS CALIFORNIA 91301
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
CHEESECAKE FACTORY INC [ CAKE ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
PRESIDENT
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/10/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock08/10/2026M11,040A$40.1652,999D
Common Stock08/10/2026M5,826A$34.9158,825D
Common Stock08/10/2026S16,866D$109.98(1)41,959D
Common Stock08/10/2026S15,084D$110.08(2)26,875D
Common Stock57,949(3)D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Employee Stock Option (right to buy)$40.1608/10/2026M11,04002/18/202102/18/2030Common Stock11,040$40.160D
Employee Stock Option (right to buy)$34.9108/10/2026M5,82602/15/202502/15/2034Common Stock5,826$34.9117,478D
Explanation of Responses:
1. 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.
2. 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.
3. Shares of restricted stock subject to forfeiture.
/s/ David Gordon by Scarlett May, Attorney-in-Fact08/12/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR