Chegg CEO has 6,337 shares withheld for taxes
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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.
Insider Trade Summary
| 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 | -- | -- | -- |
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
Section 16b-3(e) regulatory
restricted stock units ("RSUs") financial
federal and state tax withholding obligations financial
Irrevocable Children's Trust financial
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?
Did the CHGG Form 4 report any open-market stock sales by the CEO?
Was the CHGG CEO’s transaction under a Rule 10b5-1 trading plan?
AI-generated analysis. How Rhea-AI works. Not financial advice.