ROSENSWEIG DANIEL 4

What Happened Daniel Rosensweig — Chegg President, CEO, Executive Chairman and Director — had 7,004 shares withheld on March 12, 2026 to satisfy federal and state tax withholding obligations tied to the vesting/settlement of restricted stock units (RSUs). The shares were withheld at $0.57 per share, representing approximately $3,995 in value. These shares were cancelled by the issuer and were not sold on the open market.

Key Details

• Transaction date: 2026-03-12; reported on Form 4 filed 2026-03-13 (timely).
• Transaction type/code: F — payment of tax liability by delivering/withholding shares (exempt under Section 16b-3(e)).
• Shares withheld/Disposed: 7,004 at $0.57 each; total ≈ $3,995.
• Shares owned after transaction: not specified in the provided filing details.
• Notable footnotes: F1 explains the shares were automatically withheld to satisfy tax obligations and were cancelled (no open-market sale). F2 and F3 note certain holdings are in trusts where Rosensweig is a co-trustee.
• Filing remarks: authentication obtained per Reg S‑T Rule 302(b).

Context Withholding shares to cover taxes on vested RSUs is a routine administrative action (similar to a "sell-to-cover") and does not represent an open-market sale or a directional bet on the stock. For retail investors, purchases or open-market sales by insiders usually convey more about sentiment; tax-withholding transactions are typically procedural.