Chegg Grants Equity Awards to New Employee Under 2023 Plan
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 13 2026
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Should l Buy CHGG?
Source: Newsfilter
- Equity Award Program: On March 13, 2026, Chegg granted a new employee 150,000 restricted stock units (RSUs) under the 2023 Equity Inducement Plan, aimed at attracting and retaining talent while enhancing the company's appeal in the competitive learning platform market.
- Vesting Schedule: The RSUs will vest over two years, with 50% vesting after 12 months of continuous service and the remaining 50% vesting in equal quarterly installments thereafter, designed to incentivize long-term employee retention and performance.
- Market Positioning: Chegg focuses on the $40 billion skilling market, offering innovative tools for workplace readiness, professional upskilling, and language learning, showcasing its strategic positioning and market potential in the edtech sector.
- AI-Driven Support: Chegg continues to provide AI-driven personalized support for students, committed to improving learning outcomes and career opportunities, further solidifying its leadership in the global education market.
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About CHGG
Chegg, Inc. provides a student-first connected learning platform. The Company provides individualized learning support to students as they pursue their educational journeys. Available on demand 24/7 and powered by quality learning insights, the Chegg platform offers students artificial intelligence (AI)-powered academic support thoughtfully designed for education, coupled with access to a vast network of subject matter experts who help ensure quality and accuracy. Its service and product offerings fall into two categories: Subscription Services, which encompass its Chegg Study Pack, Chegg Study, Chegg Writing, Chegg Math, and Busuu offerings that can be accessed internationally through its websites and on mobile devices, and Skills and Other, which include its Chegg Skills, advertising services, content licensing, print textbooks and eTextbooks offerings. Chegg Study subscribers have access to personalized, step-by-step learning support powered by AI and computational engines.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Vesting Schedule: The RSUs will vest over two years, with 50% vesting after 12 months of continuous service and the remaining 50% vesting in equal quarterly installments thereafter, designed to incentivize long-term employee retention and performance.
- Market Positioning: Chegg focuses on the $40 billion skilling market, offering innovative tools for workplace readiness, professional upskilling, and language learning, showcasing its strategic positioning and market potential in the edtech sector.
- AI-Driven Support: Chegg continues to provide AI-driven personalized support for students, committed to improving learning outcomes and career opportunities, further solidifying its leadership in the global education market.
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- Surge in Student Loans: From 2005 to 2025, education debt surged by 343%, with 97% of graduates indicating that their debt has delayed major life goals, highlighting the increasing financial burden of higher education that forces students to borrow to cover tuition costs.
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- Vesting Schedule: The RSUs will vest over two years, with 50% vesting after 12 months of continuous service and the remaining 50% vesting in equal quarterly installments thereafter, designed to incentivize long-term employee retention and performance.
- Market Positioning: Chegg focuses on the $40 billion skilling market, offering innovative tools for workplace readiness, professional upskilling, and language learning, showcasing its strategic positioning and market potential in the edtech sector.
- AI-Driven Support: Chegg continues to provide AI-driven personalized support for students, committed to improving learning outcomes and career opportunities, further solidifying its leadership in the global education market.
See More
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- Stock Price Reaction: Following the layoff announcement, Block's stock surged approximately 25% in after-hours trading, ultimately closing up 17%, reflecting increased investor confidence in the company's future profitability.
- Earnings Forecast: Block's annual earnings forecast surpassed market expectations, with analysts generally optimistic that AI-driven efficiencies will drive profit growth, leading Morgan Stanley to upgrade its rating to overweight.
- Restructuring Costs: Block anticipates restructuring costs between $450 million and $500 million, primarily front-loaded in the first quarter, with Dorsey opting for a one-time layoff approach to mitigate long-term negative impacts on employee morale.
See More
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- Significant Stock Surge: Following the layoff announcement, Block's stock rose approximately 25% in after-hours trading, closing up 17%, reflecting investor confidence in the company's future profitability, despite analysts expressing caution regarding long-term growth prospects.
- Optimistic Earnings Forecast: Block's annual earnings forecast exceeded market expectations, even as last quarter's results were largely in line with projections, leading Morgan Stanley analysts to upgrade their rating to overweight, citing AI-driven efficiencies as a key profitability driver.
- Restructuring Cost Impact: Block expects to incur $450 million to $500 million in restructuring costs, primarily front-loaded in Q1, with Dorsey opting for a one-time layoff approach to mitigate morale issues, although this decision has raised questions about the company's future trajectory.
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See More
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