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

Role
PRESIDENT OF LEARNING SERVICES
Signature
/s/ Woodie H. Dixon, Jr., Attorney-in-Fact for Nathan J. Schultz
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 Tax liability -$258K -3.38K -1.56% $76.32 213K Jun 1, 2021 Direct F1, F2
transaction CHGG Common Stock Tax liability -$377K -4.95K -2.32% $76.32 208K 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 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.
F2 Includes 324 shares acquired under the 2013 Chegg, Inc. Employee Stock Purchase Plan ("ESPP") on May 14, 2021.
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.