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CAKECheesecake Factory Inc · Insider ownership research

Cheesecake Factory Inc insiders sold $30.1M in the past 12 months. How much of their stake is that?

0% was sold under disclosed trading plans, 100% with no plan disclosed. The largest seller, David Overton (Chairman and C.E.O., Director), sold $16.4M. 31% of these sales were shares from exercising options.Share-of-stake figures for this company are being verified and will be added when that check is finished. Why

Updated Oct 16, 2026 from SEC filings · covers Oct 17, 2025 to Oct 16, 2026
$30.1M
sold with no plan disclosed, past 12 months
0%
of sales were under disclosed trading plans, past 12 months
9 of 12
officers and directors sold shares, past 12 months
Is this normal? In line with the past 5 years. 9 insiders sold; the average is 2 a year. Year by year
Latest filing: Filed Sep 3 for a gift on Sep 1. Jerome Kransdorf gave away 200 shares. Filing
SEC ownership filings: 45 filed in the 12 months to Oct 16, 2026; 741 on record since Aug 1, 2003 · See the evidence

What stands out

Four officers sold $28.3M with no disclosed plan: David Overton ($16.4M), Matthew Clark ($7.3M) and David Gordon ($3.5M), plus 1 more. The filings don't state a reason.David Overton: largest such sale, Aug 5, 2026 · Matthew Clark: largest such sale, Jul 30, 2026 · David Gordon: largest such sale, Aug 10, 2026
Selling picked up in the last 90 days: officers and directors sold 214K shares, against an average of 42K per 90 days earlier in the period. Most of it was David Overton (94K shares in the last 90 days) and Matthew Clark (69K shares in the last 90 days); 0% of these sales were under disclosed plans.David Overton: largest recent sale, Aug 5, 2026 · Matthew Clark: largest recent sale, Jul 30, 2026

A share of stake is shown for 0 of the 9 officers and directors who sold. 12 are left out

i
Left out: David Overton, David Gordon, Scarlett May, Matthew Clark, Keith Carango, Janice Meyer, Khanh Collins, Edie Ames, Ashley Hanscom, Alexander Cappello, Spero Alex and Jerome Kransdorf (share of stake is being verified).
Disclosed company stock is not an insider's whole wealth.

Who sold, and how much of their stake

Officers and directors, past 12 months. Their share of stake is being verified and is not shown yet; amounts and trading plans are below.

David Overton
Chairman and C.E.O., Director
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$16.4MNo plan disclosed
Matthew Clark
Exec VP, CFO
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$7.3MNo plan disclosed
David Gordon
President
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$3.5MNo plan disclosed
Scarlett May
EVP, General Counsel
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$1.1MNo plan disclosed
Ashley Hanscom
Principal Accounting Officer
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$544KNo plan disclosed
All 9 sellers

Selling by month

Officers and directors, Oct 2025 to Oct 2026. Each sale is counted once: under a disclosed plan, else to cover taxes, else no plan disclosed.

No plan disclosedOne dollar scale for every month; the tallest bar is labeled
OctNovDecJanFeb 2026: $1.0M no plan disclosedFebMar 2026: $328K no plan disclosedMarAprMay 2026: $6.3M no plan disclosedMayJun 2026: $162K no plan disclosedJunJul 2026: $8.2M no plan disclosedJulAug 2026: $14.1M no plan disclosed$14.1MAugSepOct

Recent activity

Past 30 days, Sep 17, 2026 to Oct 16, 2026

No officer or director trades were reported for the past 30 days. The most recent before that:

Sep 1, 2026Jerome Kransdorf gave away 200 shares as a gift.
WhoSharesPrice% of total stakeTotal stake afterTrade dateFiled
Jerome Kransdorf
Director
200n/an/an/aSep 1, 2026Sep 3, 2026

Common questions

Why are Cheesecake Factory Inc insiders selling?

Filings rarely give a reason, and we don't guess at one. What they show is how the sales were made: 0% of sales by value ran under 10b5-1 trading plans disclosed in the filings and 100% had no disclosed plan. A trading plan schedules sales in advance.

Are any Cheesecake Factory Inc insiders buying?

No. Officers and directors reported no purchases in the past 12 months.

The evidence

Who sold9 officers and directors: amount, % of holdings, trading plan
Who soldAmount% of holdingsTrading plan
David Overton
Chairman and C.E.O., Director
$16.4M
198K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
Matthew Clark
Exec VP, CFO
$7.3M
76K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
David Gordon
President
$3.5M
32K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
Scarlett May
EVP, General Counsel
$1.1M
13K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
Ashley Hanscom
Principal Accounting Officer
$544K
6.5K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
Alexander Cappello
Director
$438K
5.4K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
Edie Ames
Director
$321K
3K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
Spero Alex
EVP Operations - CFRI
$316K
4.8K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
Janice Meyer
Director
$214K
2K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
The full ownership picture0 of 12 officers and directors confirmed

Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.

InsiderHeld Oct 16, 2025SoldHeld Oct 16, 2026Still held
David Overton
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for David Overton are complete.
Chairman and C.E.O., Director
n/a−198Kn/an/a
Vesting, gifts, unvested awards and holding lines for David Overton

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for David Overton are complete; balances and unit counts will be added when the check is finished.

−50gifted (net of own trusts)
−60Kwithheld by the company for taxes

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
67,380$40.16Feb 18, 2030$4.7M

Estimate: options held × ($109.36 − strike price), using the most recent insider trade price on Form 4 (Aug 17, 2026), not a market close.

David Gordon
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. See the filing Sales and other transactions for David Gordon are complete.
President
n/a−32Kn/an/a
Vesting, gifts, unvested awards and holding lines for David Gordon

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for David Gordon are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−13Kwithheld by the company for taxes

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
29,130$34.91Feb 15, 2034$2.2M
23,204$34.91Feb 15, 2034$1.7M
17,478$34.91Feb 15, 2034$1.3M

Estimate: options held × ($109.36 − strike price), using the most recent insider trade price on Form 4 (Aug 17, 2026), not a market close.

Scarlett May
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. See the filing Sales and other transactions for Scarlett May are complete.
EVP, General Counsel
n/a−13Kn/an/a
Vesting, gifts, unvested awards and holding lines for Scarlett May

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Scarlett May are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−5.2Kwithheld by the company for taxes
Matthew Clark
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. See the filing Sales and other transactions for Matthew Clark are complete.
Exec VP, CFO
n/a−76Kn/an/a
Vesting, gifts, unvested awards and holding lines for Matthew Clark

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Matthew Clark are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−7Kwithheld by the company for taxes

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
52,230$34.91Feb 15, 2034$3.9M

Estimate: options held × ($109.36 − strike price), using the most recent insider trade price on Form 4 (Aug 17, 2026), not a market close.

Keith Carango
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. See the filing Sales and other transactions for Keith Carango are complete.
President (Subsidiary)
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Keith Carango

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Keith Carango are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−1.2Kwithheld by the company for taxes
Janice Meyer
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Janice Meyer are complete.
Director
n/a−2Kn/an/a
Vesting, gifts, unvested awards and holding lines for Janice Meyer

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Janice Meyer are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Khanh Collins
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Khanh Collins are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Khanh Collins

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Khanh Collins are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Edie Ames
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. See the filing Sales and other transactions for Edie Ames are complete.
Director
n/a−3Kn/an/a
Vesting, gifts, unvested awards and holding lines for Edie Ames

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Edie Ames are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Ashley Hanscom
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. See the filing Sales and other transactions for Ashley Hanscom are complete.
Principal Accounting Officer
n/a−6.5Kn/an/a
Vesting, gifts, unvested awards and holding lines for Ashley Hanscom

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Ashley Hanscom are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−1.3Kwithheld by the company for taxes
Alexander Cappello
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Alexander Cappello are complete.
Director
n/a−5.4Kn/an/a
Vesting, gifts, unvested awards and holding lines for Alexander Cappello

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Alexander Cappello are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Spero Alex
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. See the filing Sales and other transactions for Spero Alex are complete.
EVP Operations - CFRI
n/a−4.8Kn/an/a
Vesting, gifts, unvested awards and holding lines for Spero Alex

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Spero Alex are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−1.8Kwithheld by the company for taxes
Jerome Kransdorf
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. See the filing Sales and other transactions for Jerome Kransdorf are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Jerome Kransdorf

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Jerome Kransdorf are complete; balances and unit counts will be added when the check is finished.

−1Kgifted (net of own trusts)

Holdings and share of stake for Cheesecake Factory Inc are being verified, so no balances, unit counts or percentages are shown. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings.

What explains the selling$30.1M of sales by plan status, purpose, seller and month

Officer and director open-market sales: $30.1M across 340,821 shares. Plan status and stated purpose are separate questions, and a sale can have both.

By plan status

No plan disclosed · $30.1M

Sales with no 10b5-1 plan and no tax reference in the filing. $16.4M of it is David Overton. No plan disclosed is a statement about the filing, not about why the sale happened. Largest such sale: David Overton, Aug 5, 2026

Taxes

89,484 shares ($5.3M) were withheld by the company for taxes, which isn't a market sale.

SellerShares soldProceedsUnder a disclosed planShare of totalSales dates
David Overton
Chairman and C.E.O., Director
198K$16.4M0%54%May 1, 2026 to Aug 5, 2026
Matthew Clark
Exec VP, CFO
76K$7.3M0%24%Feb 25, 2026 to Jul 30, 2026
David Gordon
President
32K$3.5M0%12%Aug 10, 2026 to Aug 10, 2026
Scarlett May
EVP, General Counsel
13K$1.1M0%4%Mar 10, 2026 to Jul 31, 2026
Ashley Hanscom
Principal Accounting Officer
6.5K$544K0%2%Feb 25, 2026 to Jul 30, 2026
Alexander Cappello
Director
5.4K$438K0%1%Feb 23, 2026 to Aug 4, 2026
Edie Ames
Director
3K$321K0%1%Aug 10, 2026 to Aug 10, 2026
Spero Alex
EVP Operations - CFRI
4.8K$316K0%1%Feb 25, 2026 to Feb 25, 2026
Janice Meyer
Director
2K$214K0%0.7%Aug 17, 2026 to Aug 17, 2026

Sales by month

MonthSale proceedsDisclosed planTo cover taxesNo plan disclosed
Oct 2025$0$0$0$0
Nov 2025$0$0$0$0
Dec 2025$0$0$0$0
Jan 2026$0$0$0$0
Feb 2026$1.0M$0$0$1.0M
Mar 2026$328K$0$0$328K
Apr 2026$0$0$0$0
May 2026$6.3M$0$0$6.3M
Jun 2026$162K$0$0$162K
Jul 2026$8.2M$0$0$8.2M
Aug 2026$14.1M$0$0$14.1M
Sep 2026$0$0$0$0
Oct 2026$0$0$0$0
Is this normal? Selling year by year5 earlier years to compare with

In line with the past 5 years. 9 insiders sold; the average is 2 a year.

12 months endingShares soldInsiders who soldProceeds
Oct 16, 2026
Latest 12 months
341K9$30.1M
Oct 16, 2025
1 year earlier
776K6$40.2M
Oct 16, 2024
2 years earlier
3.8K1$152K
Oct 17, 2023
3 years earlier
00$0
Oct 17, 2022
4 years earlier
00$0
Oct 17, 2021
5 years earlier
483K5$26.8M

Open-market sales (Form 4 code S) by people who were officers or directors, in split-adjusted shares. Earlier years include people who have since left. A sale that an outside holder also reports (a family trust, a fund) is counted with outside holders in every year. Shares, not dollars, are compared, so a change in the stock price doesn't look like a change in selling. Years the filings don't fully cover are shown but left out of the average.

Known gaps and uncertainty12 officers and directors not confirmed

Holdings and share of stake are being verified. Balances, unit counts and every share-of-stake figure for Cheesecake Factory Inc are held back until that check is finished. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings and are complete.

External context: we only cite outside events when a documented connection exists. None is shown for this period.

Sources and methodology741 filings on record, 45 filed in the 12-month period, and how we read them

All 741 Forms 3, 4 and 5 on record for Cheesecake Factory Inc (SEC CIK 887596), filed from Aug 1, 2003 to Sep 3, 2026; 45 of them were filed in the 12 months this page covers, retrieved from SEC EDGAR on Oct 16, 2026. Prices are the ones reported in each filing, often weighted averages.

Probable 3-for-2 stock split on or before Jan 3, 2005 (first filing that shows post-split balances). Splits aren't reported as transactions; 4 holding lines changed by exactly this ratio, so earlier share counts are restated.

Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.

Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".

Full methodology

Former or inactive filers (23)No filing in 18 months; last reported balances, not in any total
NameLast filedLast reported balance
David PittawayMay 31, 202420,503 shares, last reported balance as of May 30, 2024
Adam GordonJul 27, 20233,652 shares, last reported balance as of Jun 1, 2023
Cheryl SlomannFeb 21, 202333,715 shares, last reported balance as of Feb 18, 2023
RC Cake Holdings LLCJun 10, 2021No balance on record
Laurence MindelAug 14, 201912,500 shares, last reported balance as of Aug 12, 2019
Debby ZurzoloJun 1, 201827,691 shares, last reported balance as of May 31, 2018
Max ByfuglinMar 9, 2018117,810 shares, last reported balance as of Mar 7, 2018
Herbert SimonNov 7, 2017195,000 shares, last reported balance as of Nov 6, 2017
Doug BennApr 25, 201713,800 shares, last reported balance as of Apr 24, 2017
Douglas SchmickNov 30, 20154,505 shares, last reported balance as of Nov 30, 2015
Michael JanniniJan 9, 201266,000 shares, last reported balance as of Jan 5, 2012
Thomas GregoryJan 5, 20124,875 shares, last reported balance as of Jan 3, 2012
Allen BernsteinFeb 23, 20111,500 shares, last reported balance as of Feb 18, 2011
Agnieszka WinklerDec 2, 20102,010 shares, last reported balance as of Dec 1, 2010
Wayne WhiteFeb 13, 2009No balance on record
Michael DixonJan 7, 200813,250 shares, last reported balance as of Jan 3, 2008
Russell BendelSep 7, 200735,000 shares, last reported balance as of Sep 6, 2007
David KlockMay 7, 2007No balance on record
Karl MatthiesMar 21, 2007No balance on record
Peter DamelioJan 5, 200713,500 shares, last reported balance as of Jan 4, 2007
Gerald DeitchleApr 29, 200411,250 shares, last reported balance as of Apr 29, 2004
Michael BerryOct 28, 2003No balance on record
Paul GinsbergNo balance on record

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