Cheesecake Factory (CAKE) CFO exercises options and sells 68,900 shares
Rhea-AI Filing Summary
CHEESECAKE FACTORY INC executive vice president and CFO Matthew Eliot Clark exercised employee stock options for 68,900 shares of common stock on July 30, 2026 at an exercise price of $40.16 per share, then sold 68,900 shares at a weighted average price of $99.30, in multiple trades between $99.05 and $99.71. The reported option grant shows 0 options remaining after the exercise, and a separate entry notes shares of restricted stock subject to forfeiture.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 68,900 shares ($4.07M approx. pre-tax spread)
Exercise and Sale
4 txns
Insider
Clark Matthew Eliot
Role
EXEC VP, CFO
Sold
68,900 shs ($6.84M)
Approx. gross sale proceeds
$6.84M
Approx. exercise cost
$2.77M
Approx. pre-tax spread
$4.07M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (Right to Buy) | 68,900 | $0.00 | $0.00 |
| Exercise | Common Stock | 68,900 | $40.16 | $2.77M |
| Sale | Common Stock F1 | 68,900 | $99.30 | $6.84M |
| holding | Common Stock F2 | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 0 shares (Direct);
Common Stock — 81,329 shares (Direct)
Footnotes (2)
- F1. The price reported within column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $99.05 to $99.71, 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. Shares of restricted stock subject to forfeiture.
Key Figures
Options Exercised: 68,900 shares
Exercise Price: $40.16 per share
Shares Sold: 68,900 shares
+3 more
6 metrics
Options Exercised
68,900 shares
Employee stock options converted to common stock on July 30, 2026
Exercise Price
$40.16 per share
Exercise price of Employee Stock Option (Right to Buy)
Shares Sold
68,900 shares
Common Stock sold on July 30, 2026
Weighted Average Sale Price
$99.30 per share
Weighted average price for the 68,900 shares sold
Sale Price Range
$99.05–$99.71 per share
Range of individual transaction prices for the sale
Option Expiration Date
February 18, 2030
Expiration of the exercised Employee Stock Option grant
Key Terms
Employee Stock Option (Right to Buy), weighted average price, restricted stock subject to forfeiture, derivative security
4 terms
Employee Stock Option (Right to Buy) financial
"security_title: Employee Stock Option (Right to Buy)"
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 subject to forfeiture financial
"Shares of restricted stock subject to forfeiture."
derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Cheesecake Factory (CAKE) CFO Matthew Eliot Clark report in this Form 4?
Matthew Eliot Clark reported exercising 68,900 employee stock options at $40.16 per share and acquiring an equal number of Cheesecake Factory common shares, then selling 68,900 shares at a weighted average price of $99.30 on July 30, 2026.
What options did the Cheesecake Factory (CAKE) CFO exercise in this filing?
He exercised an Employee Stock Option (Right to Buy) covering 68,900 shares of common stock at an exercise price of $40.16 per share. The option had an exercise date of February 18, 2021 and an expiration date of February 18, 2030, with 0 options remaining afterward.
Was the Cheesecake Factory (CAKE) CFO’s sale reported as under a Rule 10b5-1 trading plan?
The Rule 10b5-1 trading plan checkbox for this report is not marked, and there is no footnote stating that the transactions were made pursuant to a Rule 10b5-1 or similar pre-arranged trading plan in this filing.