Carango Keith 4

What Happened

• Keith Carango, President (subsidiary) of Cheesecake Factory Inc. (CAKE), had 1,229 shares withheld on Feb 10, 2026 to satisfy tax withholding obligations related to the vesting of restricted stock. The withholding was calculated at $60.57 per share, a total value of $74,441. This was not an open-market sale or purchase by the insider but a routine tax-withholding on a share award.

Key Details

• Transaction date and amount: Feb 10, 2026 — 1,229 shares withheld at $60.57 per share (total $74,441).
• Filing: Form 4 filed Feb 12, 2026 reporting the Feb 10 transaction (appears to be timely).
• Shares owned after transaction: Not disclosed in the filing.
• Transaction code: F — shares withheld/delivered to satisfy tax withholding.
• Footnotes: F1 clarifies shares were withheld solely to meet tax withholding on the net issuance from vesting on Feb 10, 2026. F2 notes the restricted shares were subject to forfeiture.

Context

• This is a tax-withholding (net issuance) tied to restricted stock vesting — a routine administrative action rather than a market trade signaling buy/sell intent. For retail investors, such withholdings simply reflect receipt of stock-based compensation and do not necessarily indicate insider sentiment about the company.