David Longo - Apr 12, 2024 Form 4 Insider Report for CHEGG, INC (CHGG)

Role: CFO & Treasurer
Signature: /s/ Woodie Dixon Jr., Attorney-in-Fact for David Longo
Stock symbol: CHGG
Transactions as of: Apr 12, 2024
Transactions value $: -$11,705
Form type: 4
Date filed: 4/16/2024, 07:31 PM
Previous filing: Jan 17, 2024
Next filing: Jun 14, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CHGG	Common Stock	Tax liability	-$11.7K	-1.64K	-2.8%	$7.15	56.9K	Apr 12, 2024	Direct	F1
transaction	CHGG	Common Stock	Award	$0	+266K	+467.27%	$0.00	323K	Apr 12, 2024	Direct	F2

* 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	Represents an award of RSUs in connection with Mr. Longo's promotion to Chief Financial Officer and Treasurer. Each RSU represents a contingent right to receive one share of common stock of the Issuer upon vesting. The RSU award vests with respect to 100% of the shares subject to the RSUs on March 12, 2025 (the "Vesting Date"), subject to the recipient's continued service up to and through the Vesting Date.

Content

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.

Represents an award of RSUs in connection with Mr. Longo's promotion to Chief Financial Officer and Treasurer. Each RSU represents a contingent right to receive one share of common stock of the Issuer upon vesting. The RSU award vests with respect to 100% of the shares subject to the RSUs on March 12, 2025 (the "Vesting Date"), subject to the recipient's continued service up to and through the Vesting Date.