Andrew J. Brown - Jun 1, 2021 Form 4 Insider Report for CHEGG, INC (CHGG)

Role
CHIEF FINANCIAL OFFICER
Signature
/s/ Woodie H. Dixon, Jr., Attorney-in-Fact for Andrew J. Brown
Stock symbol
CHGG
Transactions as of
Jun 1, 2021
Transactions value $
-$635,288
Form type
4
Date filed
6/3/2021, 09:41 PM
Next filing
Sep 3, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CHGG Common Stock Gift $0 -10K -19.29% $0.00 41.8K Mar 3, 2021 By Andy and Pam Brown Family Trust F1
transaction CHGG Common Stock Gift $0 -51.3K -28.36% $0.00 130K Mar 4, 2021 Direct
transaction CHGG Common Stock Tax liability -$258K -3.38K -2.61% $76.32 126K Jun 1, 2021 Direct F2
transaction CHGG Common Stock Tax liability -$377K -4.95K -3.92% $76.32 121K Jun 1, 2021 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person is a Co-Trustee.
F2 Exempt transaction pursuant to Section 16b-3(e) payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. All of the shares reported as disposed of in this Form 4 were automatically withheld by the Issuer in accordance with the agreement governing the restricted stock units (RSUs) to satisfy federal and state tax withholding obligations of the Reporting Person resulting from the vesting and settlement of RSUs. The Reporting Person did not sell any of the shares reported on this Form 4 item; such shares were cancelled by the Issuer in accordance with the foregoing.
F3 Exempt transaction pursuant to Section 16b-3(e) payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. All of the shares reported as disposed of in this Form 4 were automatically withheld by the Issuer in accordance with the agreement governing the performance stock units (PSUs) to satisfy federal and state tax withholding obligations of the Reporting Person resulting from the vesting and settlement of the PSUs. The Reporting Person did not sell any of the shares reported on this Form 4 item; such shares were cancelled by the Issuer in accordance with the foregoing.