Chegg Form 4 shows director RSU grant and 255,874 shares owned

Rhea-AI Filing Summary

Chegg, Inc. (CHGG) reported a change in ownership for one of its directors through a Form 4 filing. On 11/17/2025, the director received an annual grant of 115,132 restricted stock units (RSUs) for board service at a stated price of $0, reflecting the nature of RSUs as a contingent equity award rather than a cash purchase. Following this grant, the director beneficially owned 255,874 shares of Chegg common stock in total. The RSUs will vest on the one-year anniversary of the grant date, provided the director continues to serve on the board through that vesting date.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider BUDIG RENEE VARNI

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	115,132	$0.00	--

Holdings After Transaction: Common Stock — 255,874 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

BUDIG RENEE VARNI

(Last) (First) (Middle)

C/O CHEGG, INC.

3990 FREEDOM CIRCLE

(Street)

SANTA CLARA CA 95054

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
CHEGG, INC [ CHGG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
11/17/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	11/17/2025		A		115,132(1)	A	$0	255,874	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents an annual grant of restricted stock units ("RSUs") for board service. Each RSU represents a contingent right to receive one share of common stock of the Issuer upon vesting. The shares underlying the RSUs will vest on the one-year anniversary of the grant date, subject to the Reporting Person's continued service on our board through the vesting date.

Remarks:

	/s/ Damon Nakamura, Attorney-in-Fact for Budig Renee V	11/19/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Chegg (CHGG) report in this Form 4?

Chegg reported that a director received an annual grant of 115,132 restricted stock units (RSUs) of Chegg common stock on 11/17/2025 for board service.

What is the nature of the 115,132 RSUs granted by Chegg (CHGG)?

Each of the 115,132 RSUs represents a contingent right to receive one share of Chegg common stock, delivered only when the units vest.

When do the newly granted Chegg (CHGG) RSUs vest?

The RSUs vest on the one-year anniversary of the 11/17/2025 grant date, subject to the director’s continued service on Chegg’s board through that vesting date.

How many Chegg (CHGG) shares does the director own after this transaction?

After the RSU grant, the director beneficially owned 255,874 shares of Chegg common stock, including the shares underlying the RSUs.

Did the Chegg (CHGG) director pay cash for the RSUs?

The filing lists a price of $0 for the 115,132 RSUs, indicating this was an equity compensation grant rather than a purchase for cash.

What role does the reporting person hold at Chegg (CHGG)?

The reporting person is identified as a director of Chegg, and the RSU award is described as an annual grant for board service.