---
schema_version: "secwatch.filing_event.v1"
accession: "0001364954-23-000148"
form_type: "8-K"
ticker: "CHGG"
cik: "0001364954"
company_name: "CHEGG, INC"
filed_at: "2023-11-15T23:59:59+00:00"
generated_at: "2026-06-08T02:09:09.131598+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Chegg enters $150M accelerated share repurchase; initial ~13.5M shares to be returned by Nov 15

## Summary
- Entered $150M ASR with Morgan Stanley; initial delivery of ~13.5M shares by Nov 15, 2023.
- Final settlement expected by Q2 2024 based on volume-weighted average price less discount.
- As of Oct 31, 2023, $153.7M remained under $2.2B repurchase program; after ASR, $3.7M remains.
- CEO Dan Rosensweig cites strong free cash flow and commitment to enhancing shareholder value.

## SEC filing metadata
- accession: 0001364954-23-000148
- form_type: 8-K
- ticker: CHGG
- cik: 0001364954
- company_name: CHEGG, INC
- filed_at: 2023-11-15T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1364954/000136495423000148/0001364954-23-000148-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1364954/000136495423000148/chgg-20231115.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001364954-23-000148
- JSON: https://secwatch.observer/filing/0001364954-23-000148.json
- Plain text: https://secwatch.observer/filing/0001364954-23-000148.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.