Chegg (NYSE: CHGG) CFO Form 4 shows RSU tax share withholding shares
Rhea-AI Filing Summary
Chegg, Inc. executive David Longo, the CFO and Treasurer, reported routine share withholding related to restricted stock units (RSUs). On January 12, 2026, two Form 4 transactions coded "F" show common shares withheld by Chegg to cover tax obligations triggered by RSU vesting.
The first transaction involved 1,815 common shares at $0.92 per share, and the second involved 262,923 common shares at $0.92 per share. According to the footnote, these shares were automatically cancelled by the company to satisfy federal and state tax withholding, and were not sold by Longo on the open market. After these transactions, Longo directly owns 1,906,462 shares of Chegg common stock.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 1,815 | $0.92 | $2K |
| Exercise Price or Tax Liability | Common Stock | 262,923 | $0.92 | $242K |
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 insider transaction did Chegg (CHGG) report for CFO David Longo?
Chegg reported that CFO and Treasurer David Longo had common shares withheld in two Form 4 transactions coded "F" on January 12, 2026, tied to RSU vesting and tax withholding.
What does transaction code "F" mean in David Longos Chegg Form 4?
Transaction code "F" indicates an exempt transaction under Section 16b-3(e), where shares are delivered or withheld to pay the exercise price or tax liability related to equity awards such as RSUs.
Is this Chegg (CHGG) Form 4 filing for an individual or a group?
The filing is marked as Form filed by One Reporting Person, covering David Longo in his capacity as Cheggs CFO and Treasurer.
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