Chegg (NYSE: CHGG) board member receives 55,000 RSU equity grant

Rhea-AI Filing Summary

BUDIG RENEE VARNI reported acquisition or exercise transactions in this Form 4 filing.

Chegg director Renee Varni Budig received an annual equity grant for board service. On June 12, 2026 she was awarded 55,000 restricted stock units, each representing one share of Chegg common stock upon vesting. These RSUs vest on the one-year anniversary of the grant date, subject to her continued board service. Following this award, she directly holds 310,874 shares of Chegg common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider BUDIG RENEE VARNI

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	55,000	$0.00	--

Holdings After Transaction: Common Stock — 310,874 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

RSU grant size: 55,000 RSUs Grant price per unit: $0.00 per share equivalent Holdings after transaction: 310,874 shares +1 more

4 metrics

RSU grant size 55,000 RSUs Annual board service grant on June 12, 2026

Grant price per unit $0.00 per share equivalent Compensation grant, not a market purchase

Holdings after transaction 310,874 shares Direct Chegg common stock holdings post-grant

Vesting schedule One-year cliff vesting All RSUs vest on one-year anniversary of grant date

Key Terms

restricted stock units ("RSUs"), contingent right, vesting, board service

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.

contingent right financial

"Each RSU represents a contingent right to receive one share of common stock"

vesting financial

"upon vesting. The shares underlying the RSUs will vest on the one-year anniversary"

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.

board service financial

"Represents an annual grant of restricted stock units ("RSUs") for board service."

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

BUDIG RENEE VARNI

(Last) (First) (Middle)

C/O CHEGG, INC.

2261 MARKET STREET, SUITE 46218

(Street)

SAN FRANCISCO CALIFORNIA 94114

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
CHEGG, INC [ CHGG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/12/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/12/2026		A		55,000(1)	A	$0	310,874	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents an annual grant of restricted stock units ("RSUs") for board service. Each RSU represents a contingent right to receive one share of common stock of the Issuer upon vesting. The shares underlying the RSUs will vest on the one-year anniversary of the grant date, subject to the Reporting Person's continued service on our board through the vesting date.

Remarks:

	/s/ Kirk Johnson, Attorney-in-fact for Budig Renee V	06/13/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Chegg (CHGG) director Renee Budig report?

Chegg director Renee Varni Budig reported receiving 55,000 restricted stock units for board service. Each RSU converts into one share of common stock upon vesting, increasing her direct holdings to 310,874 shares after the grant.

When do Renee Budig’s new Chegg (CHGG) RSUs vest?

The 55,000 restricted stock units granted to Renee Budig vest on the one-year anniversary of the June 12, 2026 grant date. Vesting is conditioned on her continued service on Chegg’s board through that one-year vesting date.

How many Chegg (CHGG) shares does Renee Budig hold after this Form 4 grant?

After the June 12, 2026 RSU award, Renee Budig directly holds 310,874 shares of Chegg common stock. This total reflects the impact of the 55,000 restricted stock units granted for her annual board service compensation.

Was Renee Budig’s Chegg (CHGG) Form 4 transaction a market purchase or sale?

The Form 4 shows a grant of 55,000 restricted stock units at a price of $0.00 per unit, not a market trade. It reflects compensation for board service rather than an open-market purchase or sale of Chegg shares.

What does each Chegg (CHGG) RSU granted to Renee Budig represent?

Each restricted stock unit granted to Renee Budig represents a contingent right to receive one share of Chegg common stock. The shares are issued only when the RSUs vest after one year of continued service on the board.