BUDIG RENEE VARNI 4
4 · CHEGG, INC · Filed Jun 15, 2026
Research Summary
AI-generated summary of this filing
Chegg Director Renee Varni Receives 55,000 RSU Award
What Happened
- Renee Varni, a member of Chegg, Inc.'s board of directors, received an award of 55,000 restricted stock units (RSUs) on 2026-06-12. The reported acquisition price is $0.00 (award/grant), and the RSUs convert to one share of common stock each upon vesting. The filing (Form 4) was submitted on 2026-06-15.
Key Details
- Transaction type: Award/Grant (Form 4 code A)
- Transaction date: 2026-06-12; Form 4 filed: 2026-06-15 (timely)
- Shares/units granted: 55,000 RSUs; reported acquisition price: $0.00
- Vesting: Shares underlying the RSUs vest on the one-year anniversary (around 2027-06-12), contingent on continued board service (see footnote)
- Shares owned after transaction: Not specified in the provided filing
- Footnote: Annual board-service RSU grant; each RSU is a contingent right to receive one share upon vesting
Context
- This was an equity compensation award (not an open-market purchase or sale). Such awards are routine for non-employee directors and reflect compensation rather than an immediate bullish or bearish trading signal. The RSUs will convert to actual shares only if the vesting condition (continued board service) is met.
Insider Transaction Report
Form 4
CHEGG, INCCHGG
BUDIG RENEE VARNI
Director
Transactions
- Award
Common Stock
[F1]2026-06-12+55,000→ 310,874 total
Footnotes (1)
- [F1]Represents an annual grant of restricted stock units ("RSUs") for board service. Each RSU represents a contingent right to receive one share of common stock of the Issuer upon vesting. The shares underlying the RSUs will vest on the one-year anniversary of the grant date, subject to the Reporting Person's continued service on our board through the vesting date.
Signature
/s/ Kirk Johnson, Attorney-in-fact for Budig Renee V|2026-06-13