AGÕæÈ˹ٷ½

STOCK TITAN

[Form 4] CHEGG, INC. Insider Trading Activity

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

Chegg, Inc. (CHGG) filed a Form 4 on 23-Jun-2025 disclosing that independent director Renee Varni Budig received an annual equity award of 55,000 restricted stock units (RSUs) on 04-Jun-2025. Each RSU converts into one common share upon vesting. The grant was coded “Aâ€� (acquisition) and carried a $0 exercise price, reflecting standard board compensation rather than an open-market purchase.

The RSUs will vest in full on the one-year anniversary of the grant date, subject to Budig’s continued board service. Following the award, the director’s direct beneficial ownership rises to 140,742 shares, strengthening her alignment with shareholders.

  • Reporting person: Renee V. Budig, Director
  • Transaction date: 04-Jun-2025
  • Securities acquired: 55,000 RSUs
  • Post-transaction holdings: 140,742 common shares (direct)
While routine in nature, the filing confirms ongoing governance stability and insider equity participation; it does not materially alter Chegg’s capital structure or near-term fundamentals.

Chegg, Inc. (CHGG) ha depositato un Modulo 4 il 23 giugno 2025 comunicando che la direttrice indipendente Renee Varni Budig ha ricevuto un premio annuale in azioni per 55.000 unità azionarie vincolate (RSU) il 4 giugno 2025. Ogni RSU si trasforma in un'azione ordinaria al momento del consolidamento. Il premio è stato classificato come “A� (acquisizione) e ha un prezzo di esercizio pari a $0, riflettendo una compensazione standard del consiglio piuttosto che un acquisto sul mercato aperto.

Le RSU matureranno completamente al primo anniversario della data di assegnazione, subordinatamente alla continuazione del servizio di Budig nel consiglio. Dopo l’assegnazione, la detenzione diretta della direttrice sale a 140.742 azioni, rafforzando il suo allineamento con gli azionisti.

  • Persona segnalante: Renee V. Budig, Direttrice
  • Data della transazione: 4 giugno 2025
  • Titoli acquisiti: 55.000 RSU
  • Detenzione post-transazione: 140.742 azioni ordinarie (dirette)
Pur essendo una procedura di routine, il deposito conferma la stabilità della governance e la partecipazione azionaria degli insider; non modifica in modo significativo la struttura del capitale di Chegg né i fondamentali a breve termine.

Chegg, Inc. (CHGG) presentó un Formulario 4 el 23 de junio de 2025 revelando que la directora independiente Renee Varni Budig recibió una concesión anual de capital de 55,000 unidades de acciones restringidas (RSU) el 4 de junio de 2025. Cada RSU se convierte en una acción común al consolidarse. La concesión fue clasificada como “A� (adquisición) y tenía un precio de ejercicio de $0, reflejando una compensación estándar del consejo en lugar de una compra en el mercado abierto.

Las RSU se consolidarán en su totalidad en el primer aniversario de la fecha de concesión, sujeto a que Budig continúe en el consejo. Tras la concesión, la posesión directa de la directora aumenta a 140,742 acciones, fortaleciendo su alineación con los accionistas.

  • Persona que reporta: Renee V. Budig, Directora
  • Fecha de la transacción: 4 de junio de 2025
  • Valores adquiridos: 55,000 RSU
  • Participación después de la transacción: 140,742 acciones comunes (directas)
Aunque es una acción rutinaria, la presentación confirma la estabilidad continua de la gobernanza y la participación accionaria de los internos; no altera materialmente la estructura de capital de Chegg ni sus fundamentos a corto plazo.

Chegg, Inc. (CHGG)ëŠ� 2025ë…� 6ì›� 23ì¼ì— Form 4ë¥� 제출했습니다 ë…립 ì´ì‚¬ Renee Varni Budigê°€ 2025ë…� 6ì›� 4ì¼ì— 55,000ê°œì˜ ì œí•œ ì£¼ì‹ ë‹¨ìœ„(RSU) ì—°ê°„ ì£¼ì‹ ë³´ìƒì� 받았ìŒì„ 공개했습니다. ê°� RSUëŠ� 권리 확정 ì‹� 1ì£� 보통주로 전환ë©ë‹ˆë‹�. ì� ë³´ìƒì€ “Aâ€�(ì·¨ë“)ë¡� 분류ë˜ì—ˆìœ¼ë©°, 행사 ê°€ê²©ì´ $0ë¡� ì±…ì •ë˜ì–´ 공개 시장ì—서ì� 구매가 아닌 표준 ì´ì‚¬íš� ë³´ìƒì� ë°˜ì˜í•©ë‹ˆë‹�.

RSUëŠ� 부딪히ëŠ� 날로부í„� 1ë…� 기ë…ì¼ì— ì „ì•¡ 권리 확정ë˜ë©°, Budigì� ì´ì‚¬íš� ì§€ì†� 근무가 조건입니ë‹�. ë³´ìƒ ì´í›„ ì´ì‚¬ì� ì§ì ‘ 보유 ì£¼ì‹ ìˆ˜ëŠ” 140,742주로 ì¦ê°€í•˜ì—¬ 주주와ì� ì´í•´ê´€ê³� ì¼ì¹˜ë¥� 강화합니ë‹�.

  • ë³´ê³ ìž�: Renee V. Budig, ì´ì‚¬
  • 거래 ë‚ ì§œ: 2025ë…� 6ì›� 4ì�
  • ì·¨ë“ ì¦ê¶Œ: 55,000 RSU
  • 거래 í›� 보유: 140,742 보통ì£� (ì§ì ‘ 보유)
ì¼ìƒì ì¸ 절차ì´ì§€ë§�, ì´ë²ˆ ì œì¶œì€ ì§€ì†ì ì� 거버넌스 안정성과 ë‚´ë¶€ìž� ì£¼ì‹ ì°¸ì—¬ë¥� 확ì¸í•˜ë©° Cheggì� ìžë³¸ 구조ë‚� 단기 펀ë”멘털ì—ëŠ� 실질ì ì¸ 변화를 주지 않습니다.

Chegg, Inc. (CHGG) a déposé un formulaire 4 le 23 juin 2025 révélant que la directrice indépendante Renee Varni Budig a reçu une attribution annuelle de capital de 55 000 unités d'actions restreintes (RSU) le 4 juin 2025. Chaque RSU se convertit en une action ordinaire lors de l'acquisition des droits. L'attribution a été codée « A » (acquisition) et comportait un prix d'exercice de 0 $, reflétant une rémunération standard du conseil plutôt qu'un achat sur le marché libre.

Les RSU seront entièrement acquises à la date anniversaire d'un an de la date d'attribution, sous réserve de la poursuite du service de Budig au conseil. Après l'attribution, la détention directe de l'administratrice s'élève à 140 742 actions, renforçant son alignement avec les actionnaires.

  • Personne déclarant : Renee V. Budig, Administratrice
  • Date de la transaction : 4 juin 2025
  • Titres acquis : 55 000 RSU
  • Participation après transaction : 140 742 actions ordinaires (directes)
Bien que de nature routinière, le dépôt confirme la stabilité continue de la gouvernance et la participation des initiés au capital ; il ne modifie pas de manière significative la structure du capital de Chegg ni ses fondamentaux à court terme.

Chegg, Inc. (CHGG) reichte am 23. Juni 2025 ein Formular 4 ein, in dem offengelegt wurde, dass die unabhängige Direktorin Renee Varni Budig am 4. Juni 2025 eine jährliche Aktienzuteilung von 55.000 Restricted Stock Units (RSUs) erhalten hat. Jede RSU wird bei Vesting in eine Stammaktie umgewandelt. Die Zuteilung wurde als „A� (Erwerb) gekennzeichnet und hatte einen Ausübungspreis von 0 $, was eine standardmäßige Vergütung des Vorstands und keinen Kauf am offenen Markt widerspiegelt.

Die RSUs werden vollständig am einjährigen Jahrestag des Zuteilungsdatums vesten, vorausgesetzt Budig bleibt im Vorstand tätig. Nach der Zuteilung erhöht sich das direkte Eigentum der Direktorin auf 140.742 Aktien, was ihre Ausrichtung mit den Aktionären stärkt.

  • Meldende Person: Renee V. Budig, Direktorin
  • Transaktionsdatum: 4. Juni 2025
  • Erworbene Wertpapiere: 55.000 RSUs
  • Bestand nach der Transaktion: 140.742 Stammaktien (direkt)
Obwohl routinemäßig, bestätigt die Meldung die anhaltende Stabilität der Unternehmensführung und die Beteiligung von Insidern am Eigenkapital; sie verändert die Kapitalstruktur von Chegg oder die kurzfristigen Fundamentaldaten nicht wesentlich.

Positive
  • Director increases equity exposure, signalling ongoing commitment and alignment with shareholders.
Negative
  • None.

Insights

TL;DR � Routine director RSU grant; modestly positive alignment, negligible financial impact.

This Form 4 discloses an automatic, cost-free award of 55,000 RSUs to Director Renee Budig. At Chegg’s recent share price, the grant is roughly mid-six figures—immaterial relative to the company’s ~120 million-share float, but it does lift the director’s stake to 140,742 shares. There is no open-market buying signal; therefore, market impact should be muted. Nonetheless, continued insider equity accumulation is directionally positive for governance and shareholder alignment.

TL;DR � Standard board compensation confirms service continuity; no red flags detected.

The single-year vesting schedule and zero-cost RSUs mirror Chegg’s historical board compensation practice, suggesting policy consistency. Because vesting is contingent on ongoing service, the award incentivises director retention without excessive dilution. No simultaneous sales or unusual structures appear, indicating a clean filing. Overall governance implications are neutral-to-slightly positive.

Chegg, Inc. (CHGG) ha depositato un Modulo 4 il 23 giugno 2025 comunicando che la direttrice indipendente Renee Varni Budig ha ricevuto un premio annuale in azioni per 55.000 unità azionarie vincolate (RSU) il 4 giugno 2025. Ogni RSU si trasforma in un'azione ordinaria al momento del consolidamento. Il premio è stato classificato come “A� (acquisizione) e ha un prezzo di esercizio pari a $0, riflettendo una compensazione standard del consiglio piuttosto che un acquisto sul mercato aperto.

Le RSU matureranno completamente al primo anniversario della data di assegnazione, subordinatamente alla continuazione del servizio di Budig nel consiglio. Dopo l’assegnazione, la detenzione diretta della direttrice sale a 140.742 azioni, rafforzando il suo allineamento con gli azionisti.

  • Persona segnalante: Renee V. Budig, Direttrice
  • Data della transazione: 4 giugno 2025
  • Titoli acquisiti: 55.000 RSU
  • Detenzione post-transazione: 140.742 azioni ordinarie (dirette)
Pur essendo una procedura di routine, il deposito conferma la stabilità della governance e la partecipazione azionaria degli insider; non modifica in modo significativo la struttura del capitale di Chegg né i fondamentali a breve termine.

Chegg, Inc. (CHGG) presentó un Formulario 4 el 23 de junio de 2025 revelando que la directora independiente Renee Varni Budig recibió una concesión anual de capital de 55,000 unidades de acciones restringidas (RSU) el 4 de junio de 2025. Cada RSU se convierte en una acción común al consolidarse. La concesión fue clasificada como “A� (adquisición) y tenía un precio de ejercicio de $0, reflejando una compensación estándar del consejo en lugar de una compra en el mercado abierto.

Las RSU se consolidarán en su totalidad en el primer aniversario de la fecha de concesión, sujeto a que Budig continúe en el consejo. Tras la concesión, la posesión directa de la directora aumenta a 140,742 acciones, fortaleciendo su alineación con los accionistas.

  • Persona que reporta: Renee V. Budig, Directora
  • Fecha de la transacción: 4 de junio de 2025
  • Valores adquiridos: 55,000 RSU
  • Participación después de la transacción: 140,742 acciones comunes (directas)
Aunque es una acción rutinaria, la presentación confirma la estabilidad continua de la gobernanza y la participación accionaria de los internos; no altera materialmente la estructura de capital de Chegg ni sus fundamentos a corto plazo.

Chegg, Inc. (CHGG)ëŠ� 2025ë…� 6ì›� 23ì¼ì— Form 4ë¥� 제출했습니다 ë…립 ì´ì‚¬ Renee Varni Budigê°€ 2025ë…� 6ì›� 4ì¼ì— 55,000ê°œì˜ ì œí•œ ì£¼ì‹ ë‹¨ìœ„(RSU) ì—°ê°„ ì£¼ì‹ ë³´ìƒì� 받았ìŒì„ 공개했습니다. ê°� RSUëŠ� 권리 확정 ì‹� 1ì£� 보통주로 전환ë©ë‹ˆë‹�. ì� ë³´ìƒì€ “Aâ€�(ì·¨ë“)ë¡� 분류ë˜ì—ˆìœ¼ë©°, 행사 ê°€ê²©ì´ $0ë¡� ì±…ì •ë˜ì–´ 공개 시장ì—서ì� 구매가 아닌 표준 ì´ì‚¬íš� ë³´ìƒì� ë°˜ì˜í•©ë‹ˆë‹�.

RSUëŠ� 부딪히ëŠ� 날로부í„� 1ë…� 기ë…ì¼ì— ì „ì•¡ 권리 확정ë˜ë©°, Budigì� ì´ì‚¬íš� ì§€ì†� 근무가 조건입니ë‹�. ë³´ìƒ ì´í›„ ì´ì‚¬ì� ì§ì ‘ 보유 ì£¼ì‹ ìˆ˜ëŠ” 140,742주로 ì¦ê°€í•˜ì—¬ 주주와ì� ì´í•´ê´€ê³� ì¼ì¹˜ë¥� 강화합니ë‹�.

  • ë³´ê³ ìž�: Renee V. Budig, ì´ì‚¬
  • 거래 ë‚ ì§œ: 2025ë…� 6ì›� 4ì�
  • ì·¨ë“ ì¦ê¶Œ: 55,000 RSU
  • 거래 í›� 보유: 140,742 보통ì£� (ì§ì ‘ 보유)
ì¼ìƒì ì¸ 절차ì´ì§€ë§�, ì´ë²ˆ ì œì¶œì€ ì§€ì†ì ì� 거버넌스 안정성과 ë‚´ë¶€ìž� ì£¼ì‹ ì°¸ì—¬ë¥� 확ì¸í•˜ë©° Cheggì� ìžë³¸ 구조ë‚� 단기 펀ë”멘털ì—ëŠ� 실질ì ì¸ 변화를 주지 않습니다.

Chegg, Inc. (CHGG) a déposé un formulaire 4 le 23 juin 2025 révélant que la directrice indépendante Renee Varni Budig a reçu une attribution annuelle de capital de 55 000 unités d'actions restreintes (RSU) le 4 juin 2025. Chaque RSU se convertit en une action ordinaire lors de l'acquisition des droits. L'attribution a été codée « A » (acquisition) et comportait un prix d'exercice de 0 $, reflétant une rémunération standard du conseil plutôt qu'un achat sur le marché libre.

Les RSU seront entièrement acquises à la date anniversaire d'un an de la date d'attribution, sous réserve de la poursuite du service de Budig au conseil. Après l'attribution, la détention directe de l'administratrice s'élève à 140 742 actions, renforçant son alignement avec les actionnaires.

  • Personne déclarant : Renee V. Budig, Administratrice
  • Date de la transaction : 4 juin 2025
  • Titres acquis : 55 000 RSU
  • Participation après transaction : 140 742 actions ordinaires (directes)
Bien que de nature routinière, le dépôt confirme la stabilité continue de la gouvernance et la participation des initiés au capital ; il ne modifie pas de manière significative la structure du capital de Chegg ni ses fondamentaux à court terme.

Chegg, Inc. (CHGG) reichte am 23. Juni 2025 ein Formular 4 ein, in dem offengelegt wurde, dass die unabhängige Direktorin Renee Varni Budig am 4. Juni 2025 eine jährliche Aktienzuteilung von 55.000 Restricted Stock Units (RSUs) erhalten hat. Jede RSU wird bei Vesting in eine Stammaktie umgewandelt. Die Zuteilung wurde als „A� (Erwerb) gekennzeichnet und hatte einen Ausübungspreis von 0 $, was eine standardmäßige Vergütung des Vorstands und keinen Kauf am offenen Markt widerspiegelt.

Die RSUs werden vollständig am einjährigen Jahrestag des Zuteilungsdatums vesten, vorausgesetzt Budig bleibt im Vorstand tätig. Nach der Zuteilung erhöht sich das direkte Eigentum der Direktorin auf 140.742 Aktien, was ihre Ausrichtung mit den Aktionären stärkt.

  • Meldende Person: Renee V. Budig, Direktorin
  • Transaktionsdatum: 4. Juni 2025
  • Erworbene Wertpapiere: 55.000 RSUs
  • Bestand nach der Transaktion: 140.742 Stammaktien (direkt)
Obwohl routinemäßig, bestätigt die Meldung die anhaltende Stabilität der Unternehmensführung und die Beteiligung von Insidern am Eigenkapital; sie verändert die Kapitalstruktur von Chegg oder die kurzfristigen Fundamentaldaten nicht wesentlich.

SEC Form 4
FORM 4 UNITED 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*
BUDIG RENEE VARNI

(Last) (First) (Middle)
C/O CHEGG, INC.
3990 FREEDOM CIRCLE

(Street)
SANTA CLARA CA 95054

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
CHEGG, INC [ CHGG ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
06/04/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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)
Code V Amount (A) or (D) Price
Common Stock 06/04/2025 A 55,000(1) A $0 140,742 D
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount 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/ Woodie H. Dixon Jr., Attorney-in-Fact for Renee V. Budig 06/23/2025
** Signature of Reporting Person Date
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.

FAQ

How many Chegg (CHGG) shares did Director Renee Budig acquire?

Budig received 55,000 restricted stock units, each convertible into one share of common stock.

What is the total Chegg ownership held by Renee Budig after this grant?

Following the award, Budig beneficially owns 140,742 CHGG shares, held directly.

When will the newly granted RSUs vest?

The RSUs will vest on the one-year anniversary of the 04-Jun-2025 grant date, provided the director remains on the board.

Did the director purchase these shares on the open market?

No. The RSUs were granted at no cost as part of standard board compensation; no cash was paid.

Does this Form 4 filing materially affect Chegg's share count?

The grant is immaterial relative to Chegg's total shares outstanding and does not meaningfully impact dilution.
Chegg Inc

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169.45M
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Education & Training Services
Services-educational Services
United States
SANTA CLARA