SCHLEIN TED 4

What Happened
Ted Schlein, a director of Chegg, Inc. (CHGG), received a grant of 55,000 restricted stock units (RSUs) on June 12, 2026. The Form 4 reports the acquisition as an award (code A) at $0.00 per share (total $0). Each RSU represents a contingent right to one share of Chegg common stock and will vest on the one‑year anniversary of the grant, subject to Schlein’s continued board service.

Key Details

• Transaction date: 2026-06-12 (reported on Form 4 filed 2026-06-15).
• Transaction type/code: Award of RSUs (A).
• Amount: 55,000 RSUs; reported acquisition price $0.00 (total $0).
• Shares/ownership after transaction: Form 4 notes 524,663 shares reported as indirectly owned by the Schlein Family Trust (per footnote). That total includes 444,193 shares transferred to the trust and 80,470 shares that were previously omitted from a subsequent Form 4 (see footnote). The RSUs are contingent and are not shares until they vest.
• Footnotes: F1 — RSUs vest one year after grant, subject to continued board service. F2 — details on the composition of the 524,663 indirectly owned shares and a prior reporting omission.
• Timeliness: Filed within a few days of the transaction (not marked late).

Context
This was an equity compensation award to a director, not an open‑market purchase or sale. RSU grants are a common form of board compensation and represent future shares only if vesting conditions are met; they do not by themselves indicate insider buying or selling sentiment.