Chegg CEO has 198,279 shares withheld for taxes
The CEO's reported share withholding covered federal and state taxes tied to RSU vesting and settlement, not a sale of shares.
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Rhea-AI Filing Summary
Daniel Rosensweig, Chegg, Inc.'s President, CEO and Executive Chairman, had 198,279 common shares automatically withheld by the issuer on October 28, 2026, to satisfy federal and state tax obligations arising from vesting and settlement of restricted stock units (RSUs). The reported price was $0.6971 per share, and his direct common-stock holdings following the transaction were 7,429,162 shares.
The report also lists indirect holdings through The Rosensweig Family Revocable Trust and The Rosensweig 2012 Irrevocable Children's Trust, with Rosensweig identified as a co-trustee of each.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock F1 | 198,279 | $0.6971 | $138K |
| holding | Common Stock F2 | -- | -- | -- |
| holding | Common Stock F3 | -- | -- | -- |
Footnotes (3)
- F1. 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.
- F2. Held by The Rosensweig Family Revocable Trust U/A/D 03-12-07 where the Reporting Person is a Co-Trustee.
- F3. Held by The Rosensweig 2012 Irrevocable Children's Trust U/A/D 11-06-12. The Reporting Person is a Co-Trustee.
Key Figures
Key Terms
restricted stock units ("RSUs") financial
Section 16b-3(e) regulatory
Rule 16b-3 regulatory
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