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

SAN FRANCISCO--(BUSINESS WIRE)--Chegg, Inc. (NYSE:CHGG), a global learning and workforce skilling company, today announced that on August 12, 2026, its Compensation Committee granted equity awards pursuant to the Chegg 2023 Equity Inducement Plan.

Two newly hired employees received awards of restricted stock units (“RSUs”) representing in aggregate 700,000 shares of Chegg common stock in reliance on the employment inducement award exception to New York Stock Exchange Listing Rule 303A.08. The awards of Restricted Stock Units shall vest over three years, with the first one-third of the RSUs vesting upon completion of 12 months of continuous Service after the Grant Date, and with the remaining RSUs vesting in equal quarterly installments over the subsequent 24 months, provided that continuous Service is completed each full quarter thereafter and subject in each case to the employees’ continued service up to and through the applicable vesting dates.

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.

Source: Chegg