Nathan J. Schultz - 12 Mar 2025 Form 4 Insider Report for CHEGG, INC (CHGG)

Signature
/s/ Woodie H. Dixon, Jr., Attorney-in-Fact for Nathan J. Schultz
Issuer symbol
CHGG
Transactions as of
12 Mar 2025
Net transactions value
-$9,944
Form type
4
Filing time
14 Mar 2025, 18:05:07 UTC
Previous filing
16 Jan 2025
Next filing
06 Jun 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CHGG Common Stock Award $0 +35,805 +2.1% $0.000000 1,703,539 12 Mar 2025 Direct F1
transaction CHGG Common Stock Tax liability $7,276 -8,483 -0.5% $0.8577 1,695,056 12 Mar 2025 Direct F2
transaction CHGG Common Stock Tax liability $2,668 -3,111 -0.18% $0.8577 1,691,945 12 Mar 2025 Direct F3
holding CHGG Common Stock 161,647 12 Mar 2025 Schultz Family Trust F4
* 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 2024 (the "2024 PSUs") that shall now be subject to time-based vesting following the Compensation Committee's determination of the achievement of certain performance measurements on March 3, 2025. The shares subject to the 2024 PSUs allocated to each "2024 performance metric" shall vest 100% on June 12, 2025, 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 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.
F4 The Reporting Person is a Co-Trustee.