Martin Marcela 4

What Happened

• Marcela Martin, a director of Chegg, Inc. (CHGG), was granted 119,784 restricted stock units (RSUs) on 2026-06-16. The grant is recorded at $0.00 per share in the filing (total reported cash value $0) because these are unvested equity awards, not purchases or sales.
• This is a compensation award for board service rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-16; Filing date: 2026-06-22 (reported on Form 4, accession 0001364954-26-000075).
• Price reported: $0.00 per RSU; number of RSUs: 119,784.
• Shares owned after transaction: Not specified in this filing.
• Footnote: These are annual RSU grants; each RSU is a contingent right to one share and will vest on the one-year anniversary of the grant (subject to continued board service).
• Timeliness: The grant date is 2026-06-16 and the Form 4 was filed 2026-06-22. Form 4s are generally due within two business days of the transaction; this filing was submitted several days after the grant date.

Context

• RSU grants are a common form of director compensation and represent future equity if the recipient remains in service through the vesting date. They do not reflect an immediate purchase or sale and typically do not signal the same near-term sentiment as insider purchases.
• For retail investors, note this is a routine compensation award; the economic interest is contingent on vesting and is not immediately liquid.