Form 4: Chegg Executive Chairman Daniel Rosensweig Reports Routine Tax-Related Share Dispositions

Chegg, Inc. Executive Chairman Daniel Rosensweig reported the disposition of shares of common stock, which were automatically withheld by the company to cover tax obligations related to the vesting of restricted stock units and performance stock units.

Summary

• Daniel Rosensweig, Executive Chairman and Director of Chegg, Inc. (CHGG), reported changes in his beneficial ownership of common stock.
• On June 12, 2025, a total of 50,696 shares of common stock were disposed of at a price of $1.47 per share. These shares were automatically withheld by Chegg to satisfy federal and state tax withholding obligations arising from the vesting and settlement of Restricted Stock Units (RSUs).
• On the same date, an additional 1,956 shares of common stock were disposed of at $1.47 per share. These shares were also automatically withheld by Chegg for tax withholding obligations related to the vesting and settlement of Performance Stock Units (PSUs).
• The reporting person did not sell any of the reported shares; they were cancelled by the Issuer in accordance with the tax withholding agreements.
• Following these transactions, Daniel Rosensweig directly beneficially owns 2,037,749 shares of Chegg Common Stock.
• He also indirectly holds 25,000 shares through The Rosensweig Family Revocable Trust and 48,842 shares through The Rosensweig 2012 Irrevocable Children's Trust.

Sentiment

Score: 5

Explanation: The document reports routine, non-discretionary tax-related share dispositions by an insider, which is a neutral event and does not indicate positive or negative sentiment regarding the company's performance or outlook.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This Form 4 filing is a routine disclosure of insider stock transactions, specifically tax-related withholdings, and does not provide information relevant to broader industry trends or competitive analysis within the education technology sector.

Key Dates

Keywords

Chegg, CHGG, Daniel Rosensweig, Form 4, Insider Trading, Stock Ownership, Restricted Stock Units, Performance Stock Units, Tax Withholding, Executive Chairman