Chegg, Inc. (NYSE:CHGG), a global learning and workforce skilling company, today announced the results of its 2026 Annual Meeting of Stockholders held on June 12, 2026. At the meeting, stockholders approved all proposals included in Chegg's definitive proxy dated April 28, 2026 (the "Proxy") and presented at the Annual Meeting, including the election of directors, the advisory vote to approve executive compensation, the ratification of Chegg's independent registered public accounting firm, and the approval of a proposal authorizing the amendment of Chegg's Restated Certificate of Incorporation to effect a reverse stock split, subject to and as determined by the Board of Directors ("Board") as more fully described in the Proxy.

On June 1, 2026, Chegg received formal notification from the New York Stock Exchange ("NYSE") confirming that it had regained compliance with the NYSE's continued listing standard related to minimum share price. In light of the restored compliance status, the Board has determined not to proceed with a reverse stock split at this time. The Board believes that maintaining Chegg's current capital structure is appropriate given Chegg's return to compliance with the NYSE's minimum share price requirement status. The Board retains the flexibility to effect a reverse stock split in the future should circumstances warrant.

About Chegg

Chegg is a learning platform helping businesses bring new skills to their workforce and giving lifelong learners and students the skills and confidence to succeed. Focused on the skilling market, which is $40 billion and growing, Chegg offers innovative tools for workplace readiness, professional upskilling, and language learning. Chegg also continues to offer students artificial intelligence (AI)-driven, personalized support. Chegg remains committed to its mission of improving learning outcomes and career opportunities for millions around the world. Chegg is a publicly held company and trades on the NYSE under the symbol CHGG. For more information, visit www.chegg.com.

Forward-Looking Statements

This press release contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, which include, without limitation, statements regarding the flexibility to enter into a reverse stock split in the future. These statements are based on management's expectations as of the date of this press release and assumptions that are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict. Important factors that could impact these forward-looking statements are described more fully in documents filed with the Securities and Exchange Commission, including Chegg's most recent annual report on Form 10-K, subsequent quarterly reports on Form 10-Q and other filings with the Securities and Exchange Commission.

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Media Contact: press@chegg.com

Investor Contact: Tracey Ford, IR@chegg.com

Chegg Announces Annual Stockholder Meeting Results and Regains NYSE Compliance