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Chegg (NYSE: CHGG) awards 55,000 RSUs to board director

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

Rhea-AI Filing Summary

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.

Positive

  • None.

Negative

  • None.
Insider Levine Marne L.
Role null
Type Security Shares Price Value
Grant/Award Common Stock 55,000 $0.00 --
Holdings After Transaction: Common Stock — 345,497 shares (Direct, null)
Footnotes (1)
  1. [object Object]
RSU grant size 55,000 shares Annual restricted stock unit grant for board service
Grant price $0.00 per share Reported transaction price for RSU award
Holdings after grant 345,497 shares Total Chegg common stock directly held after transaction
Grant vesting period One year RSUs vest on the one-year anniversary of grant date
Security type Common Stock / RSUs Restricted stock units convertible into common shares upon vesting
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"
vesting financial
"The shares underlying the RSUs will vest on the one-year anniversary of the grant date"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
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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*
Levine Marne L.
(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$0345,497D
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.
Remarks:
/s/ Kirk Johnson, Attorney-in-fact for Levine Marne L06/13/2026
** 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 Marne L. Levine report in this Form 4?

Marne L. Levine reported receiving an annual grant of 55,000 restricted stock units for board service. Each unit represents one Chegg common share upon vesting, and her direct holdings after the grant total 345,497 shares of common stock.

How many Chegg (CHGG) shares were granted to Marne L. Levine?

She was granted 55,000 restricted stock units tied to Chegg common stock. Each RSU converts into one share upon vesting, subject to continued board service, providing equity-based compensation aligned with her role as a director of the company.

At what price were Marne L. Levine’s Chegg (CHGG) RSUs granted?

The 55,000 restricted stock units were reported at a transaction price of $0.00 per share. This reflects that they are a compensation award, not an open-market purchase, and convert into common shares only if the vesting conditions are satisfied.

When do Marne L. Levine’s Chegg (CHGG) RSUs vest?

The shares underlying the 55,000 restricted stock units will vest on the one-year anniversary of the grant date. Vesting is contingent on Marne L. Levine’s continued service on Chegg’s board through that one-year vesting date, as described in the disclosure.

How many Chegg (CHGG) shares does Marne L. Levine hold after this transaction?

Following the grant, Marne L. Levine directly holds 345,497 shares of Chegg common stock. This total includes the newly granted restricted stock units, which each represent a contingent right to receive one share upon satisfying vesting conditions.