Form 4: Chegg CFO David Longo Reports Tax Withholding Transaction

David Longo, CFO & Treasurer of Chegg, Inc., reports the withholding of 1,640 common stock shares to cover tax obligations related to RSU vesting on April 14, 2025.

Summary

• On April 14, 2025, David Longo, the CFO & Treasurer of Chegg, Inc., reported a transaction involving the withholding of 1,640 shares of common stock.
• The shares were withheld by Chegg to cover federal and state tax obligations resulting from the vesting and settlement of restricted stock units (RSUs).
• The transaction was exempt under Section 16b-3(e), which pertains to the payment of exercise price or tax liability by delivering or withholding securities.
• Following the transaction, Longo directly owns 1,173,997 shares of Chegg common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation and tax obligations, which is neutral to slightly positive as it indicates continued equity ownership by the CFO.

Industry Context

This is a standard procedure for executives receiving stock-based compensation. It reflects the executive's ongoing equity stake in the company and the management of their tax liabilities related to equity awards.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders as it is a routine tax withholding related to executive compensation.

Key Dates

Keywords

Form 4, Chegg, David Longo, CFO, Treasurer, RSU, Tax Withholding, Section 16b-3(e), Common Stock