What does the zero price per share mean in Marcela Martin’s Chegg (CHGG) Form 4?

The zero price per share indicates the award is compensation, not a cash purchase. The 119,784 RSUs are granted at no cash cost to Marcela Martin, consistent with equity-based board compensation where value is delivered in stock units instead of a purchase transaction.

Chegg (CHGG) grants 119,784 RSUs to board member Marcela Martin

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Martin Marcela reported acquisition or exercise transactions in this Form 4 filing.

Chegg director Marcela Martin reported an annual equity award for board service. She received 119,784 restricted stock units (RSUs), each representing a right to one share of Chegg common stock at no cash cost per share. These RSUs vest on the one-year anniversary of the grant date, conditioned on her continued board service. After this grant, Martin directly holds 432,434 shares of Chegg common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Martin Marcela

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	119,784	$0.00	--

Holdings After Transaction: Common Stock — 432,434 shares (Direct, null)

Footnotes (1)

[object Object]

Key Figures

RSU grant size: 119,784 shares Grant price per share: $0.00 per share Holdings after grant: 432,434 shares +1 more

4 metrics

RSU grant size 119,784 shares Annual restricted stock unit award for board service

Grant price per share $0.00 per share Compensatory RSU grant, no cash purchase

Holdings after grant 432,434 shares Total Chegg common stock directly held after transaction

Vesting schedule One-year cliff vesting RSUs vest on one-year anniversary of grant date

Key Terms

restricted stock units ("RSUs"), contingent right, vesting

3 terms

restricted stock units ("RSUs") financial

"Represents an annual grant of restricted stock units ("RSUs") for board service."

Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.

contingent right financial

"Each RSU represents a contingent right to receive one share of common stock"

vesting financial

"The shares underlying the RSUs will vest on the one-year anniversary of the grant date"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

Form 4 Insider Transactions: What Each Field Means →

06/22/2026 - 06:07 AM

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^*

Martin Marcela

(Last)

(First)

(Middle)

2261 MARKET STREET, SUITE 46218

(Street)

SAN FRANCISCO

CALIFORNIA

94114

(City)

(State)

(Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/16/2026

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

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

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/16/2026		A		119,784⁽¹⁾	A	$0	432,434	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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/ Kirk Johnson, Attorney-in-fact for Martin Marcela K	06/17/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Chegg (CHGG) director Marcela Martin report?

Chegg director Marcela Martin reported receiving 119,784 restricted stock units (RSUs) as an annual equity award for board service. Each RSU converts into one share of common stock upon vesting, with no cash price per share disclosed in the filing.

Is Marcela Martin’s Chegg (CHGG) Form 4 transaction a stock purchase or a grant?

The Form 4 shows a grant, not an open-market purchase. Martin acquired 119,784 shares through a restricted stock unit award for board service, coded as an “A” transaction, which represents a compensatory grant or other acquisition rather than a buy on the open market.

When do Marcela Martin’s newly granted Chegg (CHGG) RSUs vest?

The RSUs vest on the one-year anniversary of the grant date. Vesting is contingent on Marcela Martin continuing to serve on Chegg’s board through that anniversary, meaning the shares are earned over time rather than being immediately unrestricted.

How many Chegg (CHGG) shares does Marcela Martin hold after this Form 4 transaction?

After the reported RSU grant, Marcela Martin directly holds 432,434 shares of Chegg common stock. This total reflects her position immediately following the award of 119,784 restricted stock units disclosed in the Form 4 filing.