In a medium bowl, using a hand mixer or pastry blender, combine the cream cheese, Worcestershire sauce, cayenne, and 3 Tbsp of Everything Bagel Seasoning so that ingredients are incorporated throughout. Add shredded cheddar cheese, mix together to combine, and form into a ball.
Spread remaining Everything Bagel Seasoning out on a rimmed baking sheet. Roll the cheese ball around in seasoning until the outside of the sphere is well-coated.
Chill cheese ball in the refrigerator of at least 2 hours, so that it will “firm up” before serving with your favorite chips or vegetables!