Chegg (CHGG) CEO Rosensweig has 7,004 shares withheld to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Chegg, Inc. President, CEO and Executive Chairman Daniel Rosensweig reported a tax-related share disposition linked to restricted stock units. On March 12, 2026, 7,004 shares of Chegg common stock were withheld at $0.5704 per share to satisfy federal and state tax obligations from RSU vesting. According to the disclosure, Rosensweig did not sell these shares in the market; they were automatically cancelled by Chegg under the RSU agreement. After this withholding, he directly holds 7,618,071 shares of common stock and also has indirect holdings of 25,000 shares in The Rosensweig Family Revocable Trust and 24,842 shares in The Rosensweig 2012 Irrevocable Children's Trust, where he serves as co-trustee.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
ROSENSWEIG DANIEL
Role
PRESIDENT, CEO, EXEC CHAIRMAN
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 7,004 | $0.5704 | $4K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 7,618,071 shares (Direct);
Common Stock — 25,000 shares (Indirect, See footnote.)
Footnotes (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. Held by The Rosensweig Family Revocable Trust U/A/D 03-12-07 where the Reporting Person is a Co-Trustee. Held by The Rosensweig 2012 Irrevocable Children's Trust U/A/D 11-06-12. The Reporting Person is a Co-Trustee.
FAQ
What insider transaction did Chegg (CHGG) CEO Daniel Rosensweig report?
Daniel Rosensweig reported a tax-withholding disposition of 7,004 Chegg shares. The shares were automatically withheld and cancelled by Chegg to cover tax obligations from vesting restricted stock units, rather than sold on the open market.
Was the Chegg (CHGG) CEO’s Form 4 transaction an open-market stock sale?
No. The Form 4 states the 7,004 shares were withheld by Chegg to satisfy federal and state tax liabilities from RSU vesting. The filing specifically notes Rosensweig did not sell any of these shares in the market.
What does transaction code F mean in the Chegg (CHGG) CEO’s Form 4?
Transaction code F indicates payment of exercise price or tax liability by delivering or withholding securities. In this case, Chegg automatically withheld 7,004 shares from RSU vesting to cover Rosensweig’s tax obligations, rather than executing a market sale.