Daniel Rosensweig - Jun 1, 2023 Form 4 Insider Report for CHEGG, INC (CHGG)

Role
PRESIDENT, CEO & CO-CHAIRMAN, Director
Signature
/s/ Woodie H. Dixon Jr., Attorney-in-Fact for Daniel Rosensweig
Stock symbol
CHGG
Transactions as of
Jun 1, 2023
Transactions value $
-$38,425
Form type
4
Date filed
6/5/2023, 06:14 PM
Previous filing
Apr 24, 2023
Next filing
Jun 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CHGG Common Stock Tax liability -$19.4K -2.15K -0.11% $9.02 1.9M Jun 1, 2023 Direct F1, F2
transaction CHGG Common Stock Tax liability -$19.1K -2.11K -0.11% $9.02 1.89M Jun 1, 2023 Direct F3
holding CHGG Common Stock 25K Jun 1, 2023 See footnote. F4
holding CHGG Common Stock 48.8K Jun 1, 2023 See footnote. F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Exempt transaction pursuant to Section 16b-3(e) payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. All of the shares reported as disposed of in this Form 4 were automatically withheld by the Issuer in accordance with the agreement governing the restricted stock units ("RSUs") to satisfy federal and state tax withholding obligations of the Reporting Person resulting from the vesting and settlement of RSUs. The Reporting Person did not sell any of the shares reported on this Form 4 item; such shares were cancelled by the Issuer in accordance with the foregoing.
F2 Includes 876 shares acquired under the 2013 Chegg, Inc. Employee Stock Purchase Plan (ESPP) on May 15, 2023.
F3 Exempt transaction pursuant to Section 16b-3(e) payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. All of the shares reported as disposed of in this Form 4 were automatically withheld by the Issuer in accordance with the agreements governing the PSUs to satisfy federal and state tax withholding obligations of the Reporting Person resulting from the vesting and settlement of the PSUs. The Reporting Person did not sell any of the shares reported on this Form 4 item; such shares were cancelled by the Issuer in accordance with the foregoing.
F4 Held by The Rosensweig Family Revocable Trust U/A/D 03-12-07 where the Reporting Person is a Co-Trustee.
F5 Held by The Rosensweig 2012 Irrevocable Children's Trust U/A/D 11-06-12 where the Reporting Person is a Co-Trustee.