[Form 4] CHEGG, INC Insider Trading Activity
Chegg, Inc. reported an equity grant to its CFO and Treasurer on 11/17/2025. The officer received 500,000 shares of common stock in the form of restricted stock units (RSUs) at a price of $0, increasing his directly held common shares to 1,671,200, and another 500,000 shares as performance-based restricted stock units (PSUs), bringing his holding to 2,171,200 shares after the second grant.
The RSUs represent the right to receive one share of Chegg common stock per unit and are scheduled to vest over time, beginning one year after the vesting commencement date, with additional vesting quarterly thereafter, subject to continued service. The 2025 PSUs will vest based on Chegg’s stock price performance, with 25% of the shares vesting at each of four appreciation thresholds of 50%, 75%, 100% and 125%, also subject to continued service and a prior performance determination by the Compensation Committee.
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FAQ
What equity awards did Chegg (CHGG) grant to its CFO on 11/17/2025?
On 11/17/2025, Chegg granted its CFO and Treasurer 500,000 RSUs and 500,000 PSUs, each unit representing one share of Chegg common stock at a grant price of $0.
How many Chegg (CHGG) shares does the CFO own after the reported transactions?
Following the two equity grants reported, the CFO beneficially owns 2,171,200 shares of Chegg common stock in direct ownership.
How do the Chegg (CHGG) RSUs granted to the CFO vest?
The 500,000 RSUs vest over time, with 1/3 vesting after one year from the vesting commencement date and the remainder vesting quarterly thereafter, subject to the officer’s continued service.
What are the performance conditions for the Chegg (CHGG) 2025 PSUs?
The 500,000 2025 PSUs vest in four 25% tranches when Chegg’s stock appreciates by 50%, 75%, 100%, and 125%, following a Compensation Committee performance determination and subject to continued service.
What is the role of the reporting person in Chegg (CHGG)?
The reporting person in this filing is an officer of Chegg, serving as CFO & Treasurer.
Were these Chegg (CHGG) equity awards purchased for cash by the CFO?
No cash was paid for these awards; both the 500,000 RSUs and 500,000 PSUs were granted at a reported price of $0 per share.