CHGG insider filing: 1,156 shares tax-withheld; 1.17M held
Rhea-AI Filing Summary
Chegg, Inc. (CHGG) reported an insider transaction on a Form 4. On 10/12/2025, CFO & Treasurer David Longo had 1,156 shares of common stock withheld (Transaction Code F) at a listed price of $1.28 per share to satisfy tax obligations arising from RSU vesting, an exempt transaction under Section 16b-3(e). After this withholding, he beneficially owns 1,171,200 shares, held directly. The filing specifies these shares were not sold; they were cancelled by the issuer to cover withholding.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,156 shares
Net Sell
1 txn
Insider
Longo David
Role
CFO & Treasurer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 1,156 | $1.28 | $1K |
Holdings After Transaction:
Common Stock — 1,171,200 shares (Direct)
Footnotes (1)
- F1. 1. 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.
FAQ
What did Chegg (CHGG) disclose in this Form 4?
CFO & Treasurer David Longo had 1,156 shares withheld to cover taxes from RSU vesting (Code F), an exempt Section 16b-3(e) transaction.
Was there an open-market sale by the Chegg insider?
No. The filing states the shares were withheld and cancelled by the issuer to satisfy tax obligations; they were not sold.
What does Transaction Code F mean on Form 4 for CHGG?
Code F indicates tax withholding related to equity vesting, treated as an exempt Section 16b-3(e) transaction.
Who is the reporting person in Chegg’s Form 4?
The reporting person is David Longo, Chegg’s CFO & Treasurer.
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