Chegg CFO Longo has 63,601 shares withheld for taxes
Chegg, Inc. CFO & Treasurer David Longo reported a disposition of 63,601 shares of Chegg common stock on 12 July 2026.
Rhea-AI Filing Summary
Chegg, Inc. CFO & Treasurer David Longo reported a disposition of 63,601 shares of Chegg common stock on 12 July 2026. The shares were automatically withheld by Chegg to satisfy federal and state tax obligations arising from the vesting and settlement of restricted stock units, as an exempt transaction under Section 16b-3(e). The filing states that Longo did not sell any shares in the market; the withheld shares were cancelled by the issuer. After this tax-withholding event, Longo holds 1,779,261 shares of Chegg common stock directly, including unvested performance stock units.
Positive
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Negative
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Filing Explained
The CFO and Treasurer’s direct holdings are reported after 63,601 RSU-related tax shares were cancelled, with no open-market sale disclosed.
The July 12, 2026 Form 4 reports that Chegg’s CFO & Treasurer had 63,601 common shares withheld in connection with RSU vesting and settlement, rather than sold.
The filing states that the issuer cancelled the withheld shares to satisfy federal and state tax obligations, making this a withholding transaction rather than an open-market sale. Form 4 code F denotes shares withheld to cover taxes on vesting.
Following the transaction, the reporting person disclosed 1,779,261 shares held directly, with the footnote stating that this amount includes unvested PSUs.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock F1, F2 | 63,601 | $0.8535 | $54K |
Footnotes (2)
- 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.
- F2. This includes the unvested PSUs granted to the reporting person
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