SCHLEIN TED 4

What Happened
Ted Schlein, a member of Chegg's board of directors, received an award of 119,784 restricted stock units (RSUs) on 2026-06-16. The RSUs were granted at $0.00 (typical for equity awards) and represent a contingent right to one share of Chegg common stock upon vesting. The shares underlying these RSUs will vest on the one-year anniversary of the grant (subject to continued board service).

Key Details

• Transaction date: 2026-06-16; Transaction type/code: Award/Grant (A); reported price: $0.00.
• Vesting: shares vest one year from grant (around 2027-06-16), subject to continued service.
• Shares owned after transaction: the filing does not state a total post-grant beneficial ownership number. The 119,784 RSUs are contingent rights, not immediately tradable stock.
• Footnotes: F1 = annual board RSU grant; F2 = includes 55,000 RSUs granted on June 12, 2026 that are directly owned by Schlein but reported as owned by the Schlein Family Trust; F3 = certain holdings are held by the Schlein Family Trust dated 4/20/99, where he is co-trustee.
• Filing: Period of report 2026-06-16; Form 4 filed 2026-06-22. The filing does not indicate a late-report flag.

Context
RSU grants to directors are routine compensation and represent a deferred equity award that converts to shares upon vesting; they are not purchases or sales and do not signal an immediate change in market exposure. Because these are time-based RSUs, there is no immediate cash or share transfer; any future sale would occur only after vesting (and any applicable company trading restrictions).