Cheesecake Factory (CAKE) EVP and General Counsel sells 5,206 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cheesecake Factory EVP and General Counsel Scarlett May sold 5,206 shares of common stock in an open-market transaction. The shares were sold at a weighted average price of $62.9482 per share, in multiple trades ranging from $62.94 to $62.975. Following the sale, one line in the filing shows 25,715 common shares held directly, while another entry indicates a total direct holding of 31,734 shares, which includes shares of restricted stock subject to forfeiture.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 5,206 shares ($327,708)
Net Sell
2 txns
Insider
May Scarlett
Role
EVP, GENERAL COUNSEL
Sold
5,206 shs ($328K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 5,206 | $62.9482 | $328K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 25,715 shares (Direct)
Footnotes (1)
- The price reported within column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $62.9400 to $62.9750, 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 of restricted stock subject to forfeiture.
FAQ
What insider transaction did Cheesecake Factory (CAKE) report for Scarlett May?
Cheesecake Factory reported that EVP and General Counsel Scarlett May sold 5,206 shares of common stock. The transaction was an open-market sale and is recorded on the Form 4 as a routine disposition of shares by a senior executive.
What do the footnotes in Scarlett May’s Cheesecake Factory Form 4 explain?
The footnotes explain that the reported sale price is a weighted average from multiple trades between $62.94 and $62.975. They also state that some of May’s holdings are restricted stock that is subject to forfeiture under Cheesecake Factory’s award terms.
Was Scarlett May’s Cheesecake Factory trade a market purchase or sale?
The Form 4 classifies Scarlett May’s transaction as an open-market sale of common stock. The transaction uses code “S,” indicating a sale in the open market or a private transaction rather than a purchase or an option exercise.