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Chegg (CHGG) director’s family trust awarded 55,000 RSUs for board service

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

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.

Positive

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Negative

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Insider SCHLEIN TED
Role null
Type Security Shares Price Value
Grant/Award Common Stock 55,000 $0.00 --
Holdings After Transaction: Common Stock — 579,663 shares (Indirect, Schlein Family Trust Dtd 4/20/99)
Footnotes (1)
  1. Represents an annual grant of restricted stock units ("RSUs") for board service. Each RSU represents a contingent right to receive one share of common stock of the Issuer upon vesting. The shares underlying the RSUs will vest on the one-year anniversary of the grant date, subject to the Reporting Person's continued service on our board through the vesting date. 524,663 shares reported as indirectly owned by the Schlein Family Trust include (i) 444,193 shares previously reported as directly owned by the reporting person that were subsequently transferred to the trust and (ii) 80,470 shares held by the trust that were reported when acquired, which were inadvertently omitted in the subsequent Form4.
RSU grant size 55,000 units Annual restricted stock unit grant for board service
Grant price per share 0.0000 RSU award carries no purchase price
Indirect holdings after grant 579,663 shares Chegg shares reported as indirectly owned by Schlein Family Trust after award
Transferred prior direct holdings 444,193 shares Previously directly owned shares moved into Schlein Family Trust
Earlier trust-held shares 80,470 shares Shares held by trust that were previously reported when acquired
Vesting period One year RSUs vest on one-year anniversary of grant date
restricted stock units ("RSUs") financial
"Represents an annual grant of restricted stock units ("RSUs") for board service."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
contingent right financial
"Each RSU represents a contingent right to receive one share of common stock"
indirectly owned financial
"524,663 shares reported as indirectly owned by the Schlein Family Trust"
Schlein Family Trust financial
"524,663 shares reported as indirectly owned by the Schlein Family Trust include"
Form 4 regulatory
"80,470 shares held by the trust that were reported when acquired, which were inadvertently omitted in the subsequent Form4."
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
SCHLEIN TED
(Last)(First)(Middle)
C/O CHEGG, INC
2261 MARKET STREET, SUITE 46218
(Street)
SAN FRANCISCO CALIFORNIA 94114
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
CHEGG, INC [ CHGG ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/12/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock06/12/2026A55,000(1)A$0579,663(2)ISchlein Family Trust Dtd 4/20/99
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents an annual grant of restricted stock units ("RSUs") for board service. Each RSU represents a contingent right to receive one share of common stock of the Issuer upon vesting. The shares underlying the RSUs will vest on the one-year anniversary of the grant date, subject to the Reporting Person's continued service on our board through the vesting date.
2. 524,663 shares reported as indirectly owned by the Schlein Family Trust include (i) 444,193 shares previously reported as directly owned by the reporting person that were subsequently transferred to the trust and (ii) 80,470 shares held by the trust that were reported when acquired, which were inadvertently omitted in the subsequent Form4.
Remarks:
/s/ Kirk Johnson, Attorney-in-Fact for Schlein Ted06/13/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Chegg (CHGG) director Ted Schlein report in this Form 4?

Ted Schlein reported an award of 55,000 restricted stock units for board service, credited to the Schlein Family Trust. Each RSU represents a right to receive one Chegg common share if vesting conditions are met.

How many Chegg (CHGG) shares does the Schlein Family Trust hold after this grant?

After the 55,000-unit RSU award, the Schlein Family Trust is reported as indirectly owning 579,663 Chegg shares. This total includes previously transferred direct holdings and earlier acquired shares held in the trust.

What are the vesting terms of Ted Schlein’s new Chegg (CHGG) RSU grant?

The 55,000 restricted stock units vest on the one-year anniversary of the grant date. Vesting is conditioned on Ted Schlein’s continued service on Chegg’s board through that one-year vesting date.

Did Ted Schlein pay anything for the new Chegg (CHGG) RSU award?

No cash payment is indicated for the award. The 55,000 restricted stock units are shown with a price per share of 0.0000, reflecting a grant for board service rather than an open-market purchase.

How were prior Chegg (CHGG) holdings reclassified in this filing?

The filing notes 444,193 Chegg shares previously reported as directly owned were transferred to the Schlein Family Trust, and 80,470 trust-held shares were earlier reported when acquired but omitted from a subsequent Form 4.