ROSENSWEIG DANIEL 4
4 · CHEGG, INC · Filed Mar 13, 2026
Research Summary
AI-generated summary of this filing
Chegg CEO Daniel Rosensweig Withheld 7,004 Shares for Taxes
What Happened Daniel Rosensweig — Chegg President, CEO, Executive Chairman and Director — had 7,004 shares withheld on March 12, 2026 to satisfy federal and state tax withholding obligations tied to the vesting/settlement of restricted stock units (RSUs). The shares were withheld at $0.57 per share, representing approximately $3,995 in value. These shares were cancelled by the issuer and were not sold on the open market.
Key Details
- Transaction date: 2026-03-12; reported on Form 4 filed 2026-03-13 (timely).
- Transaction type/code: F — payment of tax liability by delivering/withholding shares (exempt under Section 16b-3(e)).
- Shares withheld/Disposed: 7,004 at $0.57 each; total ≈ $3,995.
- Shares owned after transaction: not specified in the provided filing details.
- Notable footnotes: F1 explains the shares were automatically withheld to satisfy tax obligations and were cancelled (no open-market sale). F2 and F3 note certain holdings are in trusts where Rosensweig is a co-trustee.
- Filing remarks: authentication obtained per Reg S‑T Rule 302(b).
Context Withholding shares to cover taxes on vested RSUs is a routine administrative action (similar to a "sell-to-cover") and does not represent an open-market sale or a directional bet on the stock. For retail investors, purchases or open-market sales by insiders usually convey more about sentiment; tax-withholding transactions are typically procedural.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-03-12$0.57/sh−7,004$3,995→ 7,618,071 total
- 25,000(indirect: See footnote.)
Common Stock
[F2] - 24,842(indirect: See footnote.)
Common Stock
[F3]
Footnotes (3)
- [F1]Exempt transaction pursuant to Section 16b-3(e) payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. All of the shares reported as disposed of in this Form 4 were automatically withheld by the Issuer in accordance with the agreement governing the restricted stock units ("RSUs") to satisfy federal and state tax withholding obligations of the Reporting Person resulting from the vesting and settlement of RSUs. The Reporting Person did not sell any of the shares reported on this Form 4 item; such shares were cancelled by the Issuer in accordance with the foregoing.
- [F2]Held by The Rosensweig Family Revocable Trust U/A/D 03-12-07 where the Reporting Person is a Co-Trustee.
- [F3]Held by The Rosensweig 2012 Irrevocable Children's Trust U/A/D 11-06-12. The Reporting Person is a Co-Trustee.