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Chegg, Inc. filings document the formal disclosures of a public global learning company focused on Chegg Skilling, Academic Services, language learning and AI-supported student services. Form 8-K reports record operating results, material events, material agreements, capital-structure matters and changes involving the company’s auditor and board composition.
Chegg’s proxy materials describe shareholder voting matters, classified board structure, director elections, executive compensation, equity awards and governance practices. The filing record also reflects disclosures tied to the company’s business organization, financial condition, reporting controls and public-company obligations on the NYSE.
Chegg, Inc. reported the results of its 2026 Annual Meeting of Stockholders held on June 12, 2026. Stockholders elected two Class I directors, Dan Rosensweig and Ted Schlein, and one Class III director, Renee Budig, with each nominee receiving over 34 million votes in favor and substantial broker non-votes.
Stockholders also approved, on a non-binding advisory basis, the 2025 executive compensation program with 34,129,514 votes for and 11,226,027 against. They ratified Grant Thornton LLP as independent registered public accounting firm for the year ending December 31, 2026 with 80,912,997 votes for.
In addition, stockholders approved an amendment to the Restated Certificate of Incorporation authorizing a reverse stock split of outstanding common stock at a ratio between 1-for-4 and 1-for-15, with the decision to implement and select the ratio left to the Board of Directors in its sole discretion.
ROSENSWEIG DANIEL reported disposition transactions in this Form 4 filing.
CHEGG, INC President and CEO Daniel Rosensweig filed an amended Form 4 to correct how prior share movements were coded. The amendment reclassifies two transactions on common stock as share withholdings for tax obligations, not open‑market sales. It also adjusts his reported beneficial ownership by 24,000 shares to include stock previously acquired through Chegg’s Employee Stock Purchase Plan, and notes additional indirect holdings through family trusts.
Chegg, Inc. director Ted Schlein reported an award of 55,000 restricted stock units for board service, credited to the Schlein Family Trust. The RSUs carry no purchase price and each unit represents a contingent right to receive one share of Chegg common stock upon vesting.
The award will vest on the one-year anniversary of the grant date, subject to his continued service on the board through that date. Following this grant, the Schlein Family Trust is reported as indirectly owning 579,663 Chegg shares, including 444,193 shares previously held directly and 80,470 shares earlier acquired by the trust.
CHEGG, INC President, CEO and Executive Chairman Daniel Rosensweig reported routine equity updates involving tax withholding and prior-period adjustments. On June 12, 2026, a total of 8,293 shares of common stock were automatically withheld and cancelled at $1.11 per share to cover federal and state tax obligations tied to the vesting and settlement of performance stock units and restricted stock units, rather than sold in the market.
The filing also corrects the executive’s historical beneficial ownership by 24,000 shares, reflecting 16,000 shares acquired under Chegg’s Employee Stock Purchase Plan during two 2025 purchase periods and 8,000 shares acquired under the plan on May 15, 2026, with no current transaction in those shares. Following these changes, Rosensweig reports 7,633,778 common shares held directly, plus indirect holdings of 24,842 and 25,000 shares in family trusts where he serves as co‑trustee.
BUDIG RENEE VARNI reported acquisition or exercise transactions in this Form 4 filing.
Chegg director Renee Varni Budig received an annual equity grant for board service. On June 12, 2026 she was awarded 55,000 restricted stock units, each representing one share of Chegg common stock upon vesting. These RSUs vest on the one-year anniversary of the grant date, subject to her continued board service. Following this award, she directly holds 310,874 shares of Chegg common stock.
CHEGG, INC director Marcela Martin received an equity grant for board service. The filing reports an award of 55,000 shares of Common Stock in the form of restricted stock units, with no purchase price. Following this grant, her directly owned position is 312,650 shares.
The footnote explains this is an annual RSU grant for board service. Each RSU converts into one share of Chegg common stock after vesting. The entire RSU award will vest on the one-year anniversary of the grant date, if she continues serving on the board through that date.
Levine Marne L. reported acquisition or exercise transactions in this Form 4 filing.
Chegg, Inc. director Marne L. Levine received an annual grant of 55,000 shares of common stock in the form of restricted stock units for board service. The award was reported at a price of $0.00 per share and increases her direct holdings to 345,497 shares.
Each restricted stock unit represents a contingent right to receive one share of Chegg common stock upon vesting. The 55,000 shares underlying these RSUs will vest on the one-year anniversary of the grant date, provided she continues serving on the board through that vesting date.
Chegg reported sharply lower revenue but near-breakeven results for the quarter ended March 31, 2026. Net revenues fell 48% to $63.3 million, driven by a 57% drop in Academic Services to $45.7 million as web traffic and subscriptions declined amid wider adoption of generative AI and Google’s AI Overviews search experience.
Chegg Skilling was a relative bright spot, with revenue up 9% to $17.6 million as workforce skilling and language learning grew and reached 28% of total revenue. Aggressive cost cuts and multiple restructuring plans reduced operating expenses by 60%, lifting gross margin to 60% and moving results from a $17.5 million loss a year ago to modest net income of $0.2 million.
Liquidity remains meaningful but has declined. Cash, cash equivalents and investments totaled $67.9 million, down 20%, after Chegg used $19.5 million of cash to repurchase $20.0 million principal of its 0% convertible senior notes due 2026, leaving $33.9 million outstanding and classified as current.
Chegg reported first-quarter 2026 results showing a much smaller business but a return to profitability. Total net revenues were $63.3 million, down 48% year-over-year, while Chegg Skilling revenues grew 9% to $17.6 million. GAAP net income was $0.2 million and non-GAAP net income was $3.5 million.
Cost cuts drove margins higher: gross margin reached 60% and non-GAAP gross margin 62%. Adjusted EBITDA was $15.5 million, or a 24% margin, and free cash flow was $3.1 million despite $12.9 million of restructuring-related severance. Chegg ended the quarter with $67.9 million in cash and investments and a net cash position of $34.1 million.