Esther Lem - 12 Mar 2023 Form 4 Insider Report for CHEGG, INC (CHGG)

Reporting relationship: CHIEF MARKETING OFFICER
Issuer ticker: CHGG
Reported as of: 12 Mar 2023
Net transaction value: -$125,579
SEC form: 4
Accepted by SEC: 14 Mar 2023, 20:04:44 UTC
Prior SEC filing: 08 Mar 2023
Source filing: View source filing
Reporting owner signature: /s/ Woodie H. Dixon Jr., Attorney-in-Fact for Esther Lem

Key filing fact

Esther Lem filed Form 4 for CHEGG, INC (CHGG) on 14 Mar 2023.

Key facts

This page summarizes Esther Lem's Form 4 filing for CHEGG, INC (CHGG).
3 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 14 Mar 2023, 20:04.

Change

Previous filing in this sequence was filed on 08 Mar 2023.
Current net transaction value: -$125,579.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

CHGG transaction

Common Stock

Award

Transaction value: $0
Shares: +19,420
Change %: +11%
Price: $0.000000
Shares after: 190,720
Date: 12 Mar 2023
Ownership: Direct
Footnotes: F1

CHGG transaction

Common Stock

Tax liability

Transaction value: $90,001
Shares: -5,664
Change %: -3%
Price: $15.89
Shares after: 185,056
Date: 12 Mar 2023
Ownership: Direct
Footnotes: F2

CHGG transaction

Common Stock

Tax liability

Transaction value: $35,578
Shares: -2,239
Change %: -1.2%
Price: $15.89
Shares after: 182,817
Date: 12 Mar 2023
Ownership: Direct
Footnotes: F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

Represents the number of shares of Common Stock subject to performance-based restricted stock units ("PSUs") granted to the Reporting Person in 2022 (the "2022 PSUs") that shall now be subject to time-based vesting following the Compensation Committee's review of the achievement of certain performance measurements on February 8, 2023. The shares subject to the 2022 PSUs allocated to each performance metric shall vest as follows: 1/3 vested on March 12, 2023, 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.

Footnote 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.

Footnote 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.