Chegg CEO has 6,337 shares withheld for taxes
Rhea-AI Filing Summary
CHEGG, INC (CHGG) reported that President, CEO and Executive Chairman Daniel Rosensweig had 6,337 shares of common stock automatically withheld on September 12, 2026 to pay federal and state tax withholding obligations arising from the vesting and settlement of restricted stock units. The company states these shares were cancelled by the issuer and that Rosensweig did not sell any shares in this transaction. Following the withholding, he held 7,627,441 shares of Chegg common stock directly, in addition to indirect holdings through family trusts. No Rule 10b5-1 trading plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 6,337 shares
Exercise Price or Tax Liability
3 txns
Insider
ROSENSWEIG DANIEL
Role
PRESIDENT, CEO, EXEC CHAIRMAN
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock F1 | 6,337 | $0.7347 | $5K |
| holding | Common Stock F2 | -- | -- | -- |
| holding | Common Stock F3 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 7,627,441 shares (Direct);
Common Stock — 49,842 shares (Indirect, See footnote.)
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
Shares withheld for taxes: 6,337 shares
Per-share value used for withholding: $0.7347 per share
Direct holdings after transaction: 7,627,441 shares
3 metrics
Shares withheld for taxes
6,337 shares
Common stock automatically withheld on September 12, 2026 to satisfy RSU tax obligations
Per-share value used for withholding
$0.7347 per share
Value applied to the 6,337 shares withheld for tax obligations
Direct holdings after transaction
7,627,441 shares
Chegg common stock directly held by Daniel Rosensweig following the September 12, 2026 withholding
Key Terms
Section 16b-3(e), restricted stock units ("RSUs"), federal and state tax withholding obligations, Irrevocable Children's Trust
4 terms
Section 16b-3(e) regulatory
"Exempt transaction pursuant to Section 16b-3(e) payment of exercise price"
restricted stock units ("RSUs") financial
"resulting from the vesting and settlement of RSUs"
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.
federal and state tax withholding obligations financial
"to satisfy federal and state tax withholding obligations of the Reporting Person"
Irrevocable Children's Trust financial
"Held by The Rosensweig 2012 Irrevocable Children's Trust U/A/D 11-06-12"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did CHGG CEO Daniel Rosensweig report on this Form 4?
He reported that 6,337 shares of Chegg common stock were automatically withheld on September 12, 2026 to satisfy tax withholding obligations from vesting restricted stock units; the filing states he did not sell any shares.
Did the CHGG Form 4 report any open-market stock sales by the CEO?
No. The filing states the 6,337 shares were cancelled by the issuer and automatically withheld to cover tax obligations from RSU vesting, and that the reporting person did not sell any of the shares reported.
Was the CHGG CEO’s transaction under a Rule 10b5-1 trading plan?
No. The document-level checkbox for Rule 10b5-1 plans is marked false, and the footnotes describe the transaction as tax withholding under Section 16b-3(e) rather than a pre-arranged trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
