Chegg enters $150M accelerated share repurchase with J.P. Morgan, initial ~7.6M shares

CHEGG, INC

$150M ASR with J.P. Morgan; initial delivery of ~7.6M shares by Feb 24, 2023.
Final share count based on VWAP during ASR term; settlement expected by Q2 2023.
Repurchase under existing $2.0B program; $492.6M remains after ASR completion.
CEO cites commitment to shareholder value and strong free cash flow generation.

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