ROSENSWEIG DANIEL 4
Research Summary
AI-generated summary
Chegg (CHGG) CEO Daniel Rosensweig Buys 100,000 Shares
What Happened Daniel Rosensweig, President, CEO and Executive Chairman of Chegg (CHGG), reported an open-market purchase of 100,000 shares on February 13, 2026. The reported weighted-average price was $0.56 per share (range $0.5576–$0.5641), for a total disclosed cash outlay of approximately $56,360. The purchase was pre-cleared under the company’s insider trading policy.
Key Details
- Transaction date: 2026-02-13; Form 4 filed: 2026-02-18 (filed within the SEC two-business-day window given the Presidents' Day holiday).
- Price: weighted average $0.56; individual trades ranged from $0.5576 to $0.5641 (Reporting Person can provide exact breakdown on request).
- Shares acquired: 100,000 (Transaction code: P — Purchase).
- Shares owned after transaction: not specified in the provided filing excerpt.
- Notable footnotes: purchase was pre-cleared (F1); price is a weighted average with a disclosed range (F2); some holdings reported are held by The Rosensweig Family Revocable Trust and The Rosensweig 2012 Irrevocable Children's Trust, for which the Reporting Person is co-trustee (F3, F4). A signed authentication document for the filing is retained by the company.
Context This was an outright open-market buy rather than a sale or option exercise. Insider purchases are often watched by investors as one data point of insider activity; in this case the transaction was small in dollar terms (~$56k) and executed through/held in trusts where Rosensweig is co-trustee. The filing appears to be timely under SEC Form 4 rules.