Chegg Inc.
02/17/2026 | Press release | Distributed by Public on 02/17/2026 08:04
Material Event (Form 8-K)
Item 8.01 Other Events
On February 13, 2026, Chegg, Inc. (the "Company") entered into an individual, privately negotiated repurchase agreement with a holder of its outstanding 0% Convertible Senior Notes due 2026 (the "2026 Notes") to repurchase $20.0 million in aggregate principal amount of the 2026 Notes for an aggregate cash repurchase price of $19.4 million (the "Notes Repurchase Transaction"). The Notes Repurchase Transaction was entered into in connection with the Company's previously announced securities repurchase program and is expected to close on February 20, 2026, subject to the satisfaction of customary closing conditions. Following the closing, $33.9 million aggregate principal amount of the 2026 Notes will remain outstanding and $122.4 million will remain available under the Company's securities repurchase program.
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