Daniel Rosensweig - Mar 1, 2022 Form 4 Insider Report for CHEGG, INC (CHGG)

Signature
/s/ Woodie H. Dixon Jr., Attorney-in-Fact for Daniel Rosensweig
Stock symbol
CHGG
Transactions as of
Mar 1, 2022
Transactions value $
-$986,803
Form type
4
Date filed
3/3/2022, 07:15 PM
Previous filing
Dec 1, 2021
Next filing
Mar 30, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CHGG Common Stock Award $0 +49.6K +3.04% $0.00 1.68M Mar 1, 2022 Direct F1
transaction CHGG Common Stock Tax liability -$504K -16.1K -0.96% $31.34 1.67M Mar 1, 2022 Direct F2
transaction CHGG Common Stock Tax liability -$483K -15.4K -0.92% $31.34 1.65M Mar 1, 2022 Direct F3
holding CHGG Common Stock 49K Mar 1, 2022 See footnote. F4
holding CHGG Common Stock 24.8K Mar 1, 2022 See footnote. F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the number of shares of Common Stock subject to performance-based restricted stock units ("PSUs") granted to the Reporting Person in 2021 (the "2021 PSUs") that shall now be subject to time-based vesting following the Compensation Committee's determination of the achievement of certain performance measurements on February 28, 2022. The shares subject to the 2021 PSUs allocated to each performance metric shall vest as follows: 1/3 shall vest on March 1, 2022, and then the remaining 2/3rds shall vest in equal quarterly installments over the next 24 months, subject to the Reporting Person's continued service through each vesting date.
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 agreements governing the 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.
F4 Held by The Rosensweig Family Revocable Trust U/A/D 03-12-07 where the Reporting Person is a Co-Trustee.
F5 Held by The Rosensweig 2012 Irrevocable Children's Trust U/A/D 11-06-12 where the Reporting Person is a Co-Trustee.