Nathan J. Schultz - Mar 1, 2023 Form 4 Insider Report for CHEGG, INC (CHGG)

Role
Chief Operating Officer
Signature
/s/ Nathan J. Schultz by Woodie Dixon, Jr., Attorney-in-Fact
Stock symbol
CHGG
Transactions as of
Mar 1, 2023
Transactions value $
-$135,821
Form type
4
Date filed
3/3/2023, 05:24 PM
Previous filing
Feb 3, 2023
Next filing
Mar 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CHGG Common Stock Tax liability -$31.3K -2.02K -0.86% $15.51 231K Mar 1, 2023 Direct F1
transaction CHGG Common Stock Tax liability -$41.4K -2.67K -1.15% $15.51 229K Mar 1, 2023 Direct F2
transaction CHGG Common Stock Sale -$63.2K -4.04K -1.77% $15.64 225K Mar 2, 2023 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 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.
F3 The sales reported in this Form 4 were effectuated pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 10, 2022.