Chegg CEO buys 100,000 shares in open market
Chegg, Inc. President, CEO and Executive Chairman Daniel Rosensweig reported an open-market purchase of 100,000 shares of Chegg common stock.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
Chegg, Inc. President, CEO and Executive Chairman Daniel Rosensweig reported an open-market purchase of 100,000 shares of Chegg common stock. The shares were bought on February 13, 2026 at a weighted average price of $0.5636 per share, in multiple trades between $0.5576 and $0.5641.
Following this transaction, Rosensweig directly owns 7,625,075 shares of Chegg common stock. He also has indirect holdings of 25,000 shares held by The Rosensweig Family Revocable Trust and 24,842 shares held by The Rosensweig 2012 Irrevocable Children's Trust, where he is a co-trustee. The purchase was made after pre-clearance under the company’s insider trading policy.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 100,000 | $0.5636 | $56K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (4)
- F1. The reported transaction represents an open market purchase of common stock of CHGG by the Reporting Person following pre-clearance pursuant to the insider trading policy of the company.
- F2. The price reported in this Column is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.5576 to $0.5641, inclusive. The Reporting Person has provided to the Issuer, and undertakes to provide any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this Form 4.
- F3. Held by The Rosensweig Family Revocable Trust U/A/D 03-12-07 where the Reporting Person is a Co-Trustee.
- F4. Held by The Rosensweig 2012 Irrevocable Children's Trust U/A/D 11-06-12. The Reporting Person is a Co-Trustee.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Chegg (CHGG) CEO Daniel Rosensweig report in this Form 4?
Were the Chegg (CHGG) insider purchases pre-cleared under company policy?
What do the trusts in the Chegg (CHGG) Form 4 represent?
How many Chegg (CHGG) insider transactions are reported in this Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.