Cheesecake Factory Insider Overton Holds 7.4% Stake

TL;DR

**Insider David Overton still owns 7.4% of Cheesecake Factory, showing continued skin in the game.**

AI Summary

David Overton, a key insider at The Cheesecake Factory Incorporated, filed an SC 13G/A on February 2, 2024, disclosing his beneficial ownership of 3,817,818 shares of common stock as of December 31, 2023. This represents 7.4% of the company's outstanding shares, a slight decrease from previous filings. This matters to investors because it provides transparency into a significant insider's holdings, indicating his continued, albeit slightly reduced, vested interest in the company's performance.

Why It Matters

This filing shows that a significant insider, David Overton, still holds a substantial portion of The Cheesecake Factory's stock, which can signal confidence in the company's future to other investors.

Risk Assessment

Risk Level: low — This filing is an amendment to a previous disclosure and indicates a stable, albeit slightly reduced, insider ownership, which is generally not a high-risk event.

Analyst Insight

Investors should note the continued significant insider ownership by David Overton, which can be a positive signal, but also be aware that his stake has slightly decreased, warranting observation of future filings for trends in insider activity.

Key Numbers

• 3,817,818 — Shares Beneficially Owned (Represents David Overton's total ownership in The Cheesecake Factory.)
• 7.4% — Percent of Class (Indicates the proportion of The Cheesecake Factory's common stock owned by David Overton.)

Key Players & Entities

• David Overton (person) — Reporting Person, insider at The Cheesecake Factory Incorporated
• The Cheesecake Factory Incorporated (company) — Issuer of the securities
• 3,817,818 (dollar_amount) — Number of shares beneficially owned by David Overton
• 7.4% (dollar_amount) — Percentage of class represented by David Overton's ownership
• December 31, 2023 (date) — Date of event which requires filing of this statement

Forward-Looking Statements

• David Overton will maintain a significant, though potentially fluctuating, ownership stake in The Cheesecake Factory. (David Overton) — high confidence, target: Next 12-24 months

FAQ

Key Financial Figures

• $0.01 — rated (Name of Issuer) Common stock, $0.01 par value (Title of Class of Securiti

Filing Documents

• tm245016d1_sc13ga.htm (SC 13G/A) — 34KB
• 0001104659-24-010062.txt ( ) — 36KB

From the Filing

SC 13G/A 1 tm245016d1_sc13ga.htm SC 13G/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G/A Under the Securities Exchange Act of 1934 (Amendment No. 24)* The Cheesecake Factory Incorporated (Name of Issuer) Common stock, $0.01 par value (Title of Class of Securities) 163072101 (CUSIP Number) December 31, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: Rule 13d-1(b) Rule 13d-1(c) Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 163072101 1. Names of Reporting Persons David Overton 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) ¨ (b) ¨ 3. SEC Use Only 4. Citizenship or Place of Organization United States Number of Shares Beneficially Owned by Each Reporting Person With 5. Sole Voting Power 3,817,818 6. Shared Voting Power 0 7. Sole Dispositive Power 3,817,818 8. Shared Dispositive Power 0 9. Aggregate Amount Beneficially Owned by Each Reporting Person 3,817,818 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) x 11. Percent of Class Represented by Amount in Row (9) 7.4% 12. Type of Reporting Person (See Instructions) IN 2 Item 1. (a) Name of Issuer The Cheesecake Factory Incorporated (b) Address of Issuer’s Principal Executive Offices 26901 Malibu Hills Road Calabasas Hills, CA 91301 Item 2. (a) Name of Person Filing David Overton (b) Address of Principal Business Office or, if none, Residence 26901 Malibu Hills Road Calabasas Hills, CA 91301 (c) Citizenship United States (d) Title of Class of Securities Common stock, $0.01 par value (e) CUSIP Number 163072101 Item 3. NOT APPLICABLE 3 Item 4. Ownership The ownership information presented below represents beneficial ownership of the Issuer’s Common Stock as of December 31, 2023, based on 50,773,123 shares of Common Stock outstanding as of October 30, 2023. (a) Amount beneficially owned: 3,817,818 (b) Percent of class: 7.4% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote 3,817,818 (ii) Shared power to vote or to direct the vote 0 (iii) Sole power to dispose or to direct the disposition of 3,817,818 (iv) Shared power to dispose or to direct the disposition of 0 Mr. Overton’s beneficial stock ownership excludes 60,211 shares held by Mr. Overton’s spouse as trustee for the Sheila A. Overton Living Trust and 183,950 shares held by the David M. Overton 2011 Gift Trust UTA dated 11/23/2011 for the benefit of Mr. Overton’s son, of which Mr. Overton’s spouse is the trustee. Mr. Overton has no voting or dispositive power over such shares and disclaims beneficial ownership thereof. In addition, Mr. Overton’s beneficial ownership includes 708,320 shares that he has the right to acquire upon exercise of options to purchase within 60 days of December 31, 2023. Item 5. Ownership of Five Percent or Less of a Class NOT APPLICABLE Item 6. Ownership of More than Five Percent on Behalf of Another Person NOT APPLICABLE Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person NOT APPLICABLE Item 8. Identification and Classification of Members of the Group NOT APPLICABLE Item 9. Notice of Dissolution of Group NOT APPLICABLE 4 Item 10. Certification NOT APPLICABLE Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. February 2, 2024 Date /s/ David Overton Signature David Overton, Chairman and Chief Executive Officer The Cheesecake Factory Incorporated Name/Title ATTENTION Intentional misstatements or omissions of fact constitute Federal Criminal Violations (See 18 U.S.C. 1001). 5