[Form 4] CHEGG, INC Insider Trading Activity
Chegg, Inc. reported a new equity award for Executive Chairman and Director Daniel Rosensweig. On 11/17/2025 he received 1,650,000 restricted stock units at a price of $0, each representing one share of common stock. These RSUs begin vesting from a commencement date of 10/28/2025, with one-third vesting after one year and the remainder vesting quarterly over the following two years.
He also received 3,850,000 performance-based restricted stock units granted in 2025 that become eligible to vest after the Compensation Committee determines achievement of specified performance measurements on 10/28/2028. The shares tied to these PSUs vest in four 25% tranches if the stock appreciates by 50%, 75%, 100% and 125%, subject to his continued service through each vesting date. Following these grants, Rosensweig beneficially owned 7,531,412 shares of Chegg common stock directly.
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FAQ
What insider transaction did Chegg (CHGG) report for Daniel Rosensweig?
Chegg reported that Executive Chairman and Director Daniel Rosensweig received new equity awards on 11/17/2025, consisting of both time-based restricted stock units and performance-based restricted stock units.
How many restricted stock units did Daniel Rosensweig receive from Chegg (CHGG)?
Daniel Rosensweig received 1,650,000 time-based restricted stock units of Chegg common stock at a price of $0, each RSU representing a right to receive one share upon vesting.
What are the vesting terms for Daniel Rosensweig’s RSUs at Chegg (CHGG)?
The 1,650,000 RSUs have a vesting commencement date of 10/28/2025. One-third vests after one year, with the remaining two-thirds vesting quarterly over the following two years, subject to continued service.
How many performance-based RSUs (PSUs) did Daniel Rosensweig receive from Chegg (CHGG)?
Daniel Rosensweig received 3,850,000 shares of Chegg common stock subject to performance-based restricted stock units granted in 2025, which become eligible to vest after performance measurement on 10/28/2028.
What performance goals determine vesting of Chegg’s 2025 PSUs for Daniel Rosensweig?
The 2025 PSUs vest based on stock price appreciation: 25% of the shares vest at stock appreciation of 50%, and additional 25% tranches vest at appreciation of 75%, 100%, and 125%, each subject to his continued service.
How many Chegg (CHGG) shares does Daniel Rosensweig beneficially own after these awards?
After the reported transactions, Daniel Rosensweig beneficially owned 7,531,412 shares of Chegg common stock held directly.
What is Daniel Rosensweig’s role at Chegg (CHGG) as shown in this filing?
Daniel Rosensweig is identified as both a Director and an Officer of Chegg, serving as Executive Chairman.