Chegg Reports New Hire Equity Grants Under NYSE Rule 303A.08

SAN FRANCISCO--(BUSINESS WIRE)--Chegg, Inc. (NYSE:CHGG), a global learning company, today announced that on March 13, 2026 (“Grant Date”), its Compensation Committee granted equity awards pursuant to the Chegg 2023 Equity Inducement Plan (the “Plan”).

One newly hired employee received a grant of restricted stock units (“RSUs”) representing 150,000 shares of Chegg common stock (“Shares”) in reliance on the employment inducement award exception to New York Stock Exchange Listing Rule 303A.08. The RSUs will vest over two years, with 50% of the Shares vesting after the employee has been employed for 12 months of continuous service after the Grant Date, and the remaining 50% of the Shares will vest in equal quarterly installments after the completion of continuous service thereafter.

About Chegg

Chegg is a learning platform helping businesses bring new skills to their workforce and giving lifelong learners and students the skills and confidence to succeed. Focused on the skilling market, which is $40 billion and growing, Chegg offers innovative tools for workplace readiness, professional upskilling, and language learning. Chegg also continues to offer students artificial intelligence (AI)-driven, personalized support. Chegg remains committed to its mission of improving learning outcomes and career opportunities for millions around the world. Chegg is a publicly held company and trades on the NYSE under the symbol CHGG. For more information, visit www.chegg.com.