[Form 4] CHEGG, INC Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CHEGG, INC director Marcela Martin received an equity grant for board service. The filing reports an award of 55,000 shares of Common Stock in the form of restricted stock units, with no purchase price. Following this grant, her directly owned position is 312,650 shares.
The footnote explains this is an annual RSU grant for board service. Each RSU converts into one share of Chegg common stock after vesting. The entire RSU award will vest on the one-year anniversary of the grant date, if she continues serving on the board through that date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Martin Marcela
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 55,000 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 312,650 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 55,000 shares
Transaction price: $0.0000 per share
Shares after transaction: 312,650 shares
+1 more
4 metrics
RSU grant size
55,000 shares
Annual restricted stock unit grant for board service
Transaction price
$0.0000 per share
Reported price per share for RSU award
Shares after transaction
312,650 shares
Total direct holdings following RSU grant
Vesting period
1 year
RSUs vest on one-year anniversary of grant date
Key Terms
restricted stock units ("RSUs"), board service, vesting, grant date
4 terms
restricted stock units ("RSUs") financial
"Represents an annual grant of restricted stock units ("RSUs") for board service."
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.
board service financial
"Represents an annual grant of restricted stock units ("RSUs") for board service."
vesting financial
"The shares underlying the RSUs will vest on the one-year anniversary of the grant date"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
grant date financial
"will vest on the one-year anniversary of the grant date"
The grant date is the day a company formally gives an employee or contractor the right to receive stock-based compensation, such as stock options or restricted shares. It matters to investors because it fixes key terms—like the price, the start of the ownership clock, and when the award will affect the company’s financial statements and share count—so it can influence dilution, reported expenses, and potential future selling pressure.
FAQ
What did Chegg (CHGG) director Marcela Martin report in this Form 4?
Marcela Martin reported receiving 55,000 restricted stock units as an equity award for board service. These RSUs represent a contingent right to receive Chegg common shares and reflect compensation rather than an open-market stock purchase or sale.
When do Marcela Martin’s new Chegg (CHGG) RSUs vest?
The RSUs vest on the one-year anniversary of the grant date, according to the footnote. Vesting is conditioned on her continued service on Chegg’s board through that anniversary, so leaving the board earlier would affect the number of shares ultimately delivered.
Is this Chegg (CHGG) Form 4 an open-market trade or a compensation grant?
This Form 4 reflects a compensation grant, not an open-market trade. The RSUs were awarded for board service, have a reported price per share of zero, and will convert into shares only if vesting conditions based on continued board service are satisfied.