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

Cheesecake Factory (CAKE) EVP trust sells 4,790 shares in open market

Filing Impact
(Moderate)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Cheesecake Factory’s EVP of Operations – CFRI, G. Alex Spero, reported an indirect open‑market sale of 4,790 shares of common stock on February 25, 2026, held by the Alex Family Trust. The weighted average sale price was $65.9963 per share, across trades between $65.9901 and $66.0500. Following these transactions, the trust continues to hold 22,670 shares of Cheesecake Factory common stock indirectly attributed to Spero.

Positive

  • None.

Negative

  • None.
Insider Alex Spero G
Role EVP Operations - CFRI
Sold 4,790 shs ($316K)
Type Security Shares Price Value
Sale Common Stock 4,790 $65.9963 $316K
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 0 shares (Indirect, By Trust)
Footnotes (1)
  1. The price reported within column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $65.9901 to $66.0500, 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. Shares held by the Alex Family Trust of which Mr. Alex is a trustee. Shares of restricted stock subject to forfeiture.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED 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*
Alex Spero G
(Last) (First) (Middle)
26901 MALIBU HILLS RD
(Street)
CALABASAS HILLS CA 91301
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
CHEESECAKE FACTORY INC [ CAKE ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
EVP Operations - CFRI
3. Date of Earliest Transaction (Month/Day/Year)
02/25/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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)
Code V Amount (A) or (D) Price
Common Stock 02/25/2026 S 4,790 D $65.9963(1) 0 I By Trust(2)
Common Stock 22,670(3) I By Trust(2)
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. The price reported within column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $65.9901 to $66.0500, 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. Shares held by the Alex Family Trust of which Mr. Alex is a trustee.
3. Shares of restricted stock subject to forfeiture.
/s/ Spero G. Alex by Scarlett May, Attorney-in-Fact 02/26/2026
** Signature of Reporting Person Date
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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Cheesecake Factory (CAKE) report for G. Alex Spero?

Cheesecake Factory reported that EVP Operations – CFRI, G. Alex Spero, indirectly sold 4,790 shares of common stock through the Alex Family Trust. The sale occurred on February 25, 2026, and was executed as an open‑market transaction at a weighted average price near $66.

At what price were the Cheesecake Factory (CAKE) shares sold in this Form 4 filing?

The reported weighted average sale price was $65.9963 per Cheesecake Factory share. According to the filing, multiple trades occurred within a price range from $65.9901 to $66.0500, and the insider has committed to provide detailed trade breakdowns upon request.

How many Cheesecake Factory (CAKE) shares does the Alex Family Trust hold after the reported sale?

After the reported activity, the Alex Family Trust holds 22,670 shares of Cheesecake Factory common stock. These shares are reported as being held indirectly for EVP G. Alex Spero, reflecting his trustee role in the Alex Family Trust described in the filing footnotes.

Is G. Alex Spero’s Cheesecake Factory (CAKE) ownership direct or indirect in this Form 4?

The reported Cheesecake Factory ownership for G. Alex Spero is indirect, held "By Trust" through the Alex Family Trust. The filing notes he serves as a trustee, so the transactions and remaining 22,670 shares are attributed to him via this trust structure.

What does the weighted average price disclosure mean in Cheesecake Factory’s (CAKE) Form 4?

The weighted average price indicates the 4,790 shares were sold across multiple trades between $65.9901 and $66.0500. The single reported price of $65.9963 reflects the volume‑weighted average, and the insider offers to provide detailed trade prices and volumes upon request.