May Scarlett 4

What Happened
May Scarlett, EVP and General Counsel of Cheesecake Factory Inc. (CAKE), had a total of 3,183 shares withheld by the company on February 16, 2026 to satisfy tax withholding obligations related to vested equity awards. The filing shows 1,667 shares withheld at $58.67 each (value $97,803) and 1,516 shares withheld at $58.67 each (value $88,944), for a combined value of $186,747. These were company-withheld dispositions (tax withholding), not open-market sales or purchases.

Key Details

• Transaction date: 2026-02-16; Filing date: 2026-02-17 (timely).
• Price used for withholding: $58.67 per share.
• Shares withheld/disposed: 1,667 and 1,516 (total 3,183). Total value approx. $186,747.
• Footnotes: F1 = withholding for Restricted Stock Award vesting; F2 = withholding for Performance Share Award vesting; F3 notes some shares are subject to forfeiture.
• Shares owned after the transaction: not specified in the supplied excerpt of the filing.
• Transaction code: F (tax withholding).

Context
These transactions reflect a routine cashless/withholding settlement where the issuer retains shares to cover the insider’s tax liability upon vesting. Such withholdings are administrative and do not necessarily indicate a change in the insider’s market view.