Form 4: Chegg CFO David Longo Reports Tax Withholding Transaction
SEC Form 4 Filing
David Longo, CFO & Treasurer of Chegg, Inc., reports the withholding of shares to cover tax obligations related to the vesting of restricted stock units.
Summary
- On March 12, 2025, David Longo, CFO & Treasurer of Chegg, Inc., had 137,894 shares of common stock withheld by the issuer to cover federal and state tax obligations.
- This transaction occurred due to the vesting and settlement of restricted stock units (RSUs).
- The price per share for the withholding was $0.8577.
- Following the transaction, Longo beneficially owns 1,175,637 shares of Chegg common stock directly.
Sentiment
Score: 5
Explanation: This is a routine filing related to tax obligations, so it doesn't significantly impact sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors.
Key Dates
| Date | Description |
|---|---|
| 03/12/2025 | Date of the transaction (tax withholding). |
| 03/14/2025 | Date of signature on the Form 4 filing. |
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