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  4. [Form 4] CHEGG, INC Insider Trading Activity

Chegg (CHGG) director Varni Budig sells 54,347 shares in pre-set 10b5-1 trade

Filing Impact
(Neutral)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Chegg, Inc. director Renee Varni Budig reported selling 54,347 shares of common stock on August 13, 2026 in an open-market transaction at a weighted average price of $0.7755 per share. The sale was executed under a Rule 10b5-1 trading plan adopted on May 14, 2026, with individual trade prices ranging from $0.7625 to $0.7978. Following this transaction, Budig directly holds 376,311 Chegg shares.

Positive

  • None.

Negative

  • None.
Insider BUDIG RENEE VARNI
Role Director
Sold 54,347 shs ($42K)
Type Security Shares Price Value
Sale Common Stock F1, F2 54,347 $0.7755 $42K
Holdings After Transaction: Common Stock — 376,311 shares (Direct)
Footnotes (2)
  1. F1. The transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 14, 2026
  2. F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $0.7625 to $0.7978, inclusive. The reporting person undertakes to provide Chegg Inc., the Securities and Exchange Commission staff or the applicable exchange full information regarding the number of shares sold at each separate price upon request.
Shares sold 54,347 shares Common stock sold on August 13, 2026 by director Renee Varni Budig
Weighted average sale price $0.7755 per share Average price for the 54,347 Chegg shares sold
Sale price range $0.7625–$0.7978 per share Range of individual transaction prices in the August 13, 2026 sale
Shares owned after transaction 376,311 shares Direct Chegg common stock holdings after the reported sale
10b5-1 plan adoption date May 14, 2026 Date Renee Varni Budig adopted the Rule 10b5-1 trading plan
Rule 10b5-1 trading plan regulatory
"The transaction was effected pursuant to a Rule 10b5-1 trading plan adopted"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
open market or private transaction market
"transaction code description: Sale in open market or private transaction"

FAQ

What insider transaction did Chegg (CHGG) report for Renee Varni Budig?
Chegg (CHGG) reported that director Renee Varni Budig sold 54,347 shares of common stock on August 13, 2026. The trade was an open-market sale executed under a Rule 10b5-1 trading plan.

At what price were the Chegg (CHGG) shares sold in this Form 4 filing?
The reported sale used a weighted average price of $0.7755 per Chegg (CHGG) share. Individual trades occurred in multiple transactions at prices ranging from $0.7625 to $0.7978, inclusive.

How many Chegg (CHGG) shares does Renee Varni Budig hold after the reported sale?
After the reported sale, Renee Varni Budig directly holds 376,311 shares of Chegg (CHGG) common stock. This post-transaction balance reflects her remaining direct ownership following the 54,347-share disposition.

Was the Chegg (CHGG) insider sale made under a Rule 10b5-1 plan?
Yes. The sale by Chegg (CHGG) director Renee Varni Budig was effected under a Rule 10b5-1 trading plan. The plan was adopted on May 14, 2026, pre-arranging the transaction parameters.

What does the weighted average price disclosure mean in Chegg (CHGG)’s Form 4?
Chegg (CHGG)’s Form 4 states the $0.7755 price is a weighted average across multiple trades. Shares were sold in separate transactions between $0.7625 and $0.7978, and detailed price-by-trade data is available upon request.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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).
X
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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/13/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock08/13/2026S54,347(1)D$0.7755(2)376,311D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. The transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 14, 2026
2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $0.7625 to $0.7978, inclusive. The reporting person undertakes to provide Chegg Inc., the Securities and Exchange Commission staff or the applicable exchange full information regarding the number of shares sold at each separate price upon request.
Remarks:
/s/ Kirk Johnson, Attorney-in-fact for Renee V Budig08/14/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR