CHEGG, INC 8-K

What Happened

• Chegg, Inc. announced it entered into privately negotiated repurchase agreements to buy back approximately $8.9 million aggregate principal of its 0% Convertible Senior Notes due 2026 for an aggregate cash price of about $8.3 million. The transactions are expected to close on December 30, 2025, subject to customary closing conditions. The repurchases were made under Chegg’s previously announced securities repurchase program.

Key Details

• Repurchase amount (principal): ~ $8.9 million
• Cash paid (approx.): ~ $8.3 million
• Expected close date: December 30, 2025 (subject to customary closing conditions)
• Remaining 2026 Notes outstanding after close: ~ $53.9 million (aggregate principal)
• Remaining capacity under repurchase program after close: $141.8 million

Why It Matters

• The transactions reduce Chegg’s outstanding convertible debt by a modest amount and use roughly $8.3 million of cash, which is a non-material but deliberate capital allocation under the company’s repurchase program.
• For investors, fewer outstanding convertible notes may slightly reduce potential future dilution tied to those instruments; the company also retains significant capacity ($141.8M) under its repurchase program for further repurchases.
• The filing includes standard forward-looking statements about the ability to complete the transactions and final amounts, so closing and final terms remain subject to customary risks and conditions.