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

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.