BUDIG RENEE VARNI 4

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.