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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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.
How many Chegg (CHGG) shares were withheld for David Longos RSU taxes?
The Form 4 shows 1,815 common shares and 262,923 common shares withheld at $0.92 per share in connection with RSU vesting and related tax obligations.
Did Chegg CFO David Longo sell shares on the open market in this Form 4?
No. The footnote explains that all reported shares were automatically withheld and cancelled by Chegg to satisfy tax withholding from RSU vesting, and were not sold by Longo.
How many Chegg (CHGG) shares does David Longo own after these Form 4 transactions?
Following the reported RSU tax-withholding transactions, David Longo directly owns 1,906,462 shares of Chegg common stock.
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.