CAKE CHEESECAKE FACTORY INC Insider Trading

CEO Overton exercises and sells 104k shares, capturing $1.6M gain on same-day sale

CEO David Overton executed a classic cashless exercise-and-sell on the same day, acquiring shares through options and immediately liquidating them for approximately $1.56 million in gain. This pattern is entirely routine—it reflects option vesting schedules and tax-efficient execution, not a conviction statement about the company's value. The stock is trading slightly below its recent highs, having recovered solidly over the past month, and the company remains profitable with steady revenue growth and a reasonable valuation. There is nothing unusual about this transaction; it represents standard executive compensation realization rather than insider positioning that would signal material insight into CAKE's prospects.

CAKE President Gordon David M sold 43,335 shares for $2,732,838.95, reducing holdings 63.9%

Gordon David M, President of Cheesecake Factory, executed 3 separate sales on 2025-08-14 totaling 43,335 shares (43.3K shares) for $2,732,838.95 at a blended average price of $63.06, reducing his holdings from 67,867 shares (67.9K shares) to 24,532 shares (24.5K shares)—a 63.9% reduction in position size. At his prior trades at CAKE, the timing pattern was unfavorable: all 5 prior sells at this ticker showed positive 90-day returns averaging +21.9%, meaning the stock rose after he sold, indicating he did not capture subsequent gains. The current price of $62.99 sits -8.1% from the 52-week high of $68.51, and the 90-day change shows +12.4%, demonstrating the stock has recovered from lower levels since his prior transactions. While the company shows modest fundamentals (annual revenue growth of +4.1%, P/E of 19.75), this large reduction in an executive's equity stake alongside a pattern of previous sales that preceded stock appreciation warrants investor attention to whether this signals a shift in management confidence or operational outlook.

EVP General Counsel May Scarlett sells 18.8K CAKE shares at $58.82, reducing holdings 45.1%; stock near 52-week high of $58.84

May Scarlett, EVP General Counsel at Cheesecake Factory, sold 18,800 shares at $58.82 on 2025-06-09, with the stock currently priced at $57.33 and very near its 52-week high of $58.84. This sale reduced her holdings from 41.7K shares to 22.9K shares, a -45.1% reduction in her position. The timing occurs in the context of strong recent momentum: the stock is up 14.4% over 30 days and up 20.2% over 90 days, suggesting she sold into a period of significant gains. This is the third confirmed open-market sale by Scarlett at CAKE within a short window (two additional sells on 2025-05-29 are also in the filing, outcomes not yet measurable). Investors should monitor whether this pattern of consecutive disposals signals a shift in her investment posture, while noting the company maintains solid fundamentals with P/E of 18.14 and recent quarterly net income of $32.9M.

EVP General Counsel May Scarlett sells 20,800 shares of CAKE for $1,165,120.64, reducing holdings 47.6%

May Scarlett, EVP and General Counsel, executed 2 separate sales totaling 20,800 shares for $1,165,120.64 on 2025-05-29 at blended average price of $56.02, reducing her holdings from 43,672 shares to 22,872 shares—a 47.6% reduction in her position. The sales occurred near the company's 52-week high of $56.71, with the current price at $55.17. With the stock up 9.5% over 30 days and 2.1% over 90 days, context around the timing and magnitude of this large concentrated sale by a senior legal officer may warrant examination of any planned divestiture disclosure or 10b5-1 plan activity in company filings.

Cheesecake Factory pres of subsidiary Carango sells 50,500 shares at $55.12 for $2.8M, reducing holdings 70.9%.

Carango Keith, President of a Cheesecake Factory subsidiary, executed 4 separate sales on 2025-05-28 totaling 50,500 shares at $55.12 for $2,783,378.20, reducing his holdings from 71,274 to 20,774 shares. The sale occurred near the 52-week high of $56.71 (-1.9%), and the stock is up 12.0% over the past 30 days. Across his open-market history, his 2 prior sells averaged a 90-day return of +12.9%, and at Cheesecake Factory specifically, his 2 prior sales on 2024-11-06 posted 90-day returns of +12.8% and +13.0% — meaning the stock rose after those prior sales, indicating none were well-timed (0 of 2 prior sells were well-timed at the 90-day mark). This filing does not indicate a 10b5-1 trading plan, so the timing and scale warrant observation against his historical pattern of sales that were followed by gains rather than declines.

CFO Clark Matthew Eliot sold 42,900 shares of CAKE at $56.00 for $2,402,400.00, reducing holdings by 51.2%

Clark Matthew Eliot, Executive Vice President and CFO of Cheesecake Factory, executed a substantial sale of 42,900 shares at $56.00, cutting his holdings from 83,778 shares to 40,878 shares (a 51.2% reduction). The transaction occurred near the 52-week high of $56.71, with the stock up 12.0% over the preceding 30 days. While the current price of $55.61 remains within the 52-week range, this sale represents a meaningful reduction in executive equity exposure at elevated valuation. Notably, Eliot's cross-ticker sell history shows a 0.00% well-timed rate with an average 90-day return of +2.9% after his prior sells, and his prior trades at CAKE also generated positive 90-day returns (all three prior sells registered +2.7% to +3.0% gains after sale), suggesting his historical exit timing has not preceded declines. The company trades at a 17.60 P/E with $927.2M quarterly revenue and +4.1% annual growth, though net income of $32.9M reflects modest profitability relative to market cap.

CAKE President Gordon David M sells 76,878 shares for $3.9M, reducing holdings by 69.0%

Gordon David M, President of Cheesecake Factory Inc, executed 5 separate sales totaling 76,878 shares for $3,881,091.63 on 2025-05-08 at an average price of $50.48. This represents a substantial reduction in his position from 111,345 shares to 34,467 shares, a decline of 69.0% relative to pre-transaction holdings. The sale occurred when the stock was trading near its 52-week peak (current price $52.53 is only 7.4% below the 52-week high of $56.71), having appreciated 14.0% over the prior 30 days. The scale and structure of this multi-tranche disposition—executed across five separate transactions on the same trading day—stands out as a material reduction in insider ownership by the company's President.

CFO Clark Matthew Eliot sold 48,000 shares (48.0K) for $2,579,314.60 across 3 transactions, reducing holdings by 54.6%.

Clark Matthew Eliot, Executive Vice President and CFO of Cheesecake Factory, executed 3 separate sales on 2025-02-27 and 2025-02-28 totaling 48,000 shares for $2,579,314.60 at a blended average price of $53.74. This represents a substantial reduction in his holdings from 87,856 shares to 39,856 shares—a net reduction of 54.6%. The sales occurred near the upper end of the 52-week range ($33.45–$56.71), with the stock currently at $54.03 and only 4.7% below its 52-week high. The timing and magnitude of the liquidation merit investor attention, particularly given the CFO's fiduciary visibility into company operations and capital allocation priorities during a period when the stock has recovered 6.7% over the prior 90 days.

Cheesecake Factory CEO Overton sells 179,300 shares for $9.5M over 2 days at $53.04 avg, retains 3.01M shares.

David Overton, Chairman and CEO, executed 2 separate sales totaling 179,300 shares for $9,510,797.64 on Feb 27-28, 2025, at a blended average price of $53.04. The current price of $54.03 sits near the 52-week high of $56.71, with the stock up 6.7% over 90 days and 0.3% over 30 days. Post-transaction holdings stand at 3,012,847 shares, representing a 5.6% reduction from pre-transaction holdings. His single prior open-market sale at this ticker (Nov 2024) was not well-timed at the 90-day mark, as the stock subsequently rose +19.1%; the cross-ticker track record shows a 0.00% well-timed rate on sells, with an average 90d return after sells of +19.1%, indicating prior sales occurred before appreciation rather than ahead of declines.

CAKE CEO David Overton sells 269,520 shares ($12.6M) on 2024-11-08; retains 2,964,594 shares post-sale

CAKE CEO David Overton sold 269,520 shares at $46.65, reducing his holdings from 3,234,114 shares to 2,964,594 shares—a 8.3% reduction in his position. The sale occurred when the stock traded at roughly 94.6% of its 52-week high of $49.40, near recent strength marked by a 30-day gain of 21.3% and a 90-day gain of 35.8%. Cheesecake Factory is generating $865.5M in latest-quarter revenue with modest 4.1% annual growth and a P/E of 19.13, suggesting a mature business. The large absolute dollar value of the transaction ($12.6M) combined with the sustained high valuation context may be material for investors tracking insider positioning, though the sale does not signal complete confidence withdrawal given Overton's substantial continued stake.