BUDIG RENEE VARNI 4

What Happened

• Renee Budig Varni, a member of Chegg's board of directors, received an award of 119,784 restricted stock units (RSUs) on 2026-06-16. The grant is recorded at $0.00 per share (total $0) because it is an equity award, not a market purchase or sale.

Key Details

• Transaction date: 2026-06-16; Form 4 filed: 2026-06-22 (6 days after the transaction date — outside the typical 2-business-day Form 4 window; filing may be late).
• Security/amount: 119,784 RSUs granted (each RSU represents a contingent right to one share).
• Price: $0.00 per unit; total reported consideration: $0.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: The award is an annual RSU grant for board service. The RSUs vest on the one‑year anniversary of the grant date, subject to continued board service through the vesting date.

Context

• This was an award/grant (code A) as board compensation — not a buy or sell. RSUs convert to shares only upon vesting and do not represent immediate stock purchases or sales, so they should be viewed as routine compensation rather than a direct market signal.