Chegg CEO Daniel Rosensweig’s shares withheld for tax obligations By Investing.com
Chegg CEO Daniel Rosensweig had 8,293 shares of company stock, valued at $9,205, automatically withheld by Chegg on June 12, 2026, to cover tax obligations from vested performance and restricted stock units. This transaction occurred as Chegg's stock trades near $1.10, showing a 20% gain in six months despite the company burning through cash and remaining unprofitable. Following the transaction, Rosensweig directly holds over 7.6 million shares, with additional shares held indirectly through family trusts.
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