Chegg (CHGG) insider filing shows 6,337 shares withheld for RSU taxes
Rhea-AI Filing Summary
Chegg, Inc. reported an insider share withholding by its executive chairman and director Daniel Rosensweig. On 12/12/2025, 6,337 shares of common stock were disposed of at a price of $0.92 per share in a transaction coded "F," which the footnotes describe as an exempt event where shares were automatically withheld by the company to satisfy federal and state tax withholding obligations arising from the vesting and settlement of restricted stock units ("RSUs"). The shares were cancelled by Chegg and were not sold by Rosensweig.
After this tax-withholding transaction, Rosensweig directly beneficially owned 7,525,075 shares of Chegg common stock. He also indirectly held 25,000 shares through The Rosensweig Family Revocable Trust U/A/D 03-12-07 and 24,842 shares through The Rosensweig 2012 Irrevocable Children's Trust U/A/D 11-06-12, where he serves as co-trustee.
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FAQ
What insider transaction did Chegg (CHGG) disclose in this filing?
The filing shows that Daniel Rosensweig, Chegg's executive chairman and director, had 6,337 shares of common stock disposed of on 12/12/2025 at $0.92 per share in a transaction coded "F" related to tax withholding on vested RSUs.
Was the Chegg (CHGG) insider transaction an open-market sale?
No. The footnotes state that all 6,337 shares were automatically withheld and cancelled by Chegg to satisfy federal and state tax withholding obligations from the vesting and settlement of RSUs, and that Rosensweig did not sell these shares.
How many Chegg (CHGG) shares does Daniel Rosensweig own after this transaction?
Following the reported transaction, Daniel Rosensweig directly beneficially owned 7,525,075 shares of Chegg common stock. He also held 25,000 shares indirectly through The Rosensweig Family Revocable Trust and 24,842 shares indirectly through The Rosensweig 2012 Irrevocable Children's Trust.
What is the nature of Daniel Rosensweigs indirect ownership of Chegg (CHGG) shares?
Rosensweigs indirect holdings consist of 25,000 shares held by The Rosensweig Family Revocable Trust U/A/D 03-12-07 and 24,842 shares held by The Rosensweig 2012 Irrevocable Children's Trust U/A/D 11-06-12, where he is identified as a co-trustee for each trust.
What does transaction code "F" mean in this Chegg (CHGG) insider report?
The explanation states the transaction is an exempt transaction under Section 16b-3(e), where shares are delivered or withheld to pay the exercise price or tax liability. In this case, shares were withheld and cancelled to cover tax withholding related to restricted stock units (RSUs).
What roles does Daniel Rosensweig hold at Chegg (CHGG)?
The filing identifies Daniel Rosensweig as both a director and an officer of Chegg, specifically serving as Executive Chairman.