Cheesecake Factory (CAKE) family trust sells 94,145 shares
Rhea-AI Filing Summary
CHEESECAKE FACTORY INC reported that a family gift trust associated with Chairman and CEO David Overton sold 94,145 shares of Common Stock on August 5, 2026 at a weighted average price of $106.27 per share, with individual trades ranging from $105.09 to $107.34. The shares were held by the David M. Overton 2011 Gift Trust for the benefit of his son, with Overton’s spouse as trustee, and Overton disclaims beneficial ownership. He also reports 264,865 shares of restricted stock held directly, subject to forfeiture, plus additional indirect holdings through family trusts.
Positive
- None.
Negative
- None.
Insights
Analyzing...
Insider Trade Summary
Net Seller: 94,145 shares
Net Sell
4 txns
Insider
OVERTON DAVID
Role
CHAIRMAN AND C.E.O.
Sold
94,145 shs ($10.00M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2 | 94,145 | $106.27 | $10.00M |
| holding | Common Stock F3 | -- | -- | -- |
| holding | Common Stock F4 | -- | -- | -- |
| holding | Common Stock F5 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 3,229,795 shares (Indirect, By Trust);
Common Stock — 264,865 shares (Direct)
Footnotes (5)
- F1. The price reported within column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $105.09 to $107.34, 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 held by the David M. Overton 2011 Gift Trust UTA dated 11/23/2011 for the benefit of the reporting person's son. The reporting person's spouse is trustee of the trust. The reporting person disclaims beneficial ownership of these securities.
- F3. Shares held by the David M. Overton Family Trust of which Mr. Overton is trustee.
- F4. Shares of restricted stock subject to forfeiture.
- F5. Shares held by Mr. Overton's spouse as trustee for the Sheila A. Overton Living Trust. The reporting person disclaims beneficial ownership of these securities.
Key Figures
Common shares sold: 94,145 shares
Weighted average sale price: $106.27 per share
Restricted stock held: 264,865 shares
+1 more
4 metrics
Common shares sold
94,145 shares
Indirect sale by David M. Overton 2011 Gift Trust on 2026-08-05
Weighted average sale price
$106.27 per share
Shares sold in multiple trades between $105.09 and $107.34 per share
Restricted stock held
264,865 shares
Direct holdings of restricted stock subject to forfeiture after the reported transactions
Sale transaction code
S
Classified as sale in open market or private transaction
Key Terms
weighted average price, restricted stock, beneficial ownership, trustee
4 terms
weighted average price financial
"The price reported within column 4 is a weighted average price for multiple transactions."
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
"Shares of restricted stock subject to forfeiture are reported as direct holdings."
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.
beneficial ownership regulatory
"The reporting person disclaims beneficial ownership of these securities held in the gift trust."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
trustee regulatory
"The reporting person’s spouse is trustee of certain trusts holding the reported shares."
A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider sale did Cheesecake Factory (CAKE) disclose for August 5, 2026?
Cheesecake Factory (CAKE) disclosed that a family gift trust associated with Chairman and CEO David Overton sold 94,145 shares of Common Stock on August 5, 2026 at a weighted average price of $106.27 per share, executed as multiple open-market or private transactions.
What Cheesecake Factory (CAKE) holdings does David Overton report after this Form 4?
David Overton reports 264,865 shares of restricted stock held directly, which are subject to forfeiture. He also reports additional indirect holdings through family-related trusts, including the David M. Overton Family Trust and a living trust for his spouse, though share counts for those are not detailed here.