CHEGG, INC 8-K

What Happened Chegg, Inc. announced in an 8-K (Item 8.01) that it entered into a privately negotiated agreement to repurchase $20.0 million in aggregate principal of its 0% Convertible Senior Notes due 2026 for an aggregate cash price of $19.4 million. The Notes Repurchase Transaction is part of Chegg's previously announced securities repurchase program and is expected to close on February 20, 2026, subject to customary closing conditions.

Key Details

• Repurchase amount: $20.0 million aggregate principal of 0% Convertible Senior Notes due 2026.
• Cash price: $19.4 million aggregate repurchase consideration.
• Expected close date: February 20, 2026 (subject to customary closing conditions).
• Post-closing balances: $33.9 million aggregate principal of the 2026 Notes will remain outstanding; $122.4 million will remain available under the company's securities repurchase program.
• Filing: Reported on Form 8-K and signed by CFO David Longo; includes standard forward-looking statement disclosure.

Why It Matters This transaction reduces Chegg's outstanding convertible note principal and uses available repurchase capacity under its announced program. The repurchase at $19.4M for $20.0M principal reflects the terms of the negotiated deal and is subject to closing conditions, so completion is not guaranteed. For investors, the move modestly alters Chegg's capital structure and outstanding debt profile while demonstrating active use of its repurchase program.