CHGG Insider Ted Schlein Reports 55k-Share RSU Award in SEC Filing

Rhea-AI Filing Summary

Chegg, Inc. (CHGG) – Form 4 insider filing

Director Ted Schlein reported an acquisition of 55,000 restricted stock units (RSUs) on 06/04/2025 under transaction code “A”. Each RSU represents the right to receive one share of Chegg common stock upon vesting. The grant is identified in the explanation section as the board’s annual equity award and will vest in full on the one-year anniversary of the grant date, provided the director remains on the board.

After the award, Schlein’s direct beneficial ownership increased to 329,061 shares. He also continues to hold 80,470 shares indirectly through the Schlein Family Trust dated 4/20/99. No shares were sold or disposed of in this filing, and there were no derivative security transactions disclosed.

The Form 4 was signed by Woodie H. Dixon Jr. under power of attorney on 06/23/2025. This routine compensation grant modestly increases insider alignment but does not indicate any change in company fundamentals or strategy.

Positive

• Director Ted Schlein acquired 55,000 RSUs, boosting direct ownership to 329,061 shares and signaling continued board-level alignment with shareholders.

Negative

• None.

Insights

Securities Analyst

TL;DR: Routine board RSU grant; mild insider accumulation, unlikely to move CHGG valuation.

The filing documents a standard annual equity grant of 55,000 RSUs to Director Ted Schlein. With no cash cost and vesting contingent on one-year continued service, it is a typical form of non-cash compensation. Schlein’s direct holdings rise to 329,061 shares, while indirect trust holdings remain unchanged at 80,470 shares. No sales occurred, preserving an overall buying-only posture. Although insider acquisitions can be interpreted as a sign of alignment, the transaction size is immaterial relative to Chegg’s public float, limiting market impact. Consequently, investors are unlikely to adjust valuation models or sentiment based on this isolated, routine event.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider SCHLEIN TED

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	55,000	$0.00	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 329,061 shares (Direct); Common Stock — 80,470 shares (Indirect, Schlein Family Trust Dtd 4/20/99)

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^*

SCHLEIN TED

(Last) (First) (Middle)

C/O CHEGG, INC

3990 FREEDOM CIR

(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)
06/04/2025

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	06/04/2025		A		55,000(1)	A	$0	329,061	D
Common Stock								80,470	I	Schlein Family Trust Dtd 4/20/99

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/ Woodie H. Dixon Jr., Attorney-in-Fact for Ted Schlein	06/23/2025
	** 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 did Chegg (CHGG) disclose in the latest Form 4?

Director Ted Schlein received 55,000 restricted stock units on 06/04/2025 as part of his annual board compensation.

How many Chegg shares does Ted Schlein own after the transaction?

The filing shows 329,061 shares held directly and 80,470 shares held indirectly through the Schlein Family Trust.

Were any shares sold by the insider in this Form 4?

No. The filing reports only an acquisition (code "A") of RSUs; there were no dispositions.

When will the newly granted RSUs vest?

The RSUs are scheduled to vest on the one-year anniversary of the 06/04/2025 grant date, subject to continued board service.

Who signed the Form 4 on behalf of Ted Schlein?

The document was signed by Woodie H. Dixon Jr. as Attorney-in-Fact on 06/23/2025.