Richard Sarnoff Net Worth

The estimated Net Worth of Richard Sarnoff is at least $3.44 Million dollars as of 15 February 2019. Mr. Sarnoff owns over 39,999 units of Chegg stock worth over $3,124,200 and over the last 14 years he sold CHGG stock worth over $0. In addition, he makes $312,572 as Independent Co-Chairman of the Board at Chegg.

Mr. Sarnoff CHGG stock SEC Form 4 insider trading

Richard has made over 3 trades of the Chegg stock since 2006, according to the Form 4 filled with the SEC. Most recently he exercised 39,999 units of CHGG stock worth $107,197 on 15 February 2019.

The largest trade he’s ever made was exercising 138,334 units of Chegg stock on 26 February 2014 worth over $1,043,038. On average, Richard trades about 7,012 units every 169 days since 2005. As of 15 February 2019 he still owns at least 90,767 units of Chegg stock.

You can see the complete history of Mr. Sarnoff stock trades at the bottom of the page.

Richard Sarnoff biography

Richard Sarnoff is an Independent Co-Chairman of the Board of Chegg, Inc. since July 2018. Since July 2014, Mr. Sarnoff has served as the Managing Director and Head of the Media & Communications industry team for the Private Equity platform of Kohlberg, Kravis Roberts & Co., a private equity firm, and since January 2018 has served as Chairman of that team. From 2011 to 2014, Mr. Sarnoff was a Senior Adviser to Kohlberg Kravis Roberts & Company. Prior to that role, Mr. Sarnoff was employed by Bertelsmann, a diversified media and services company, where he served as the Co-Chairman of Bertelsmann, Inc., from 2008 to 2011, the President of Bertelsmann Digital Media Investments from 2006 to 2011, and the Executive Vice President and Chief Financial Officer of Random House, a subsidiary of Bertelsmann from 1998 to 2006. Mr. Sarnoff also served as a member of the supervisory board of Bertelsmann from 2002 to 2008 and served as a member of the boards of directors of The Princeton Review from 2000 to 2009, of Audible from 2001 to 2008 and of Amdocs from 2009 to 2011. Mr. Sarnoff currently serves on the board of directors of several privately held companies. Mr. Sarnoff holds a B.A. in Art and Archeology from Princeton University and an M.B.A. from Harvard Business School.

What is the salary of Richard Sarnoff?

As the Independent Co-Chairman of the Board of Chegg, the total compensation of Richard Sarnoff at Chegg is $312,572. There are 6 executives at Chegg getting paid more, with Daniel Rosensweig having the highest compensation of $9,117,510.

How old is Richard Sarnoff?

Richard Sarnoff is 60, he’s been the Independent Co-Chairman of the Board of Chegg since 2018. There are 1 older and 11 younger executives at Chegg. The oldest executive at Chegg, Inc. is Esther Lem, 63, who is the Chief Marketing Officer.

What’s Richard Sarnoff’s mailing address?

Richard’s mailing address filed with the SEC is C/O AUDIBLE INC, 65 WILLOWBROOK BLVD, WAYNE, NJ, 07470.

Insider trading at Chegg

Over the last 6 years, insiders at Chegg have traded over $111,215,170 worth of Chegg stock and bought 247,146 units worth $1,605,185 . The most active insider traders include Daniel Rosensweig, Ltd Ace Holdings Management…, and Jeffrey T Housenbold. On average, Chegg executives and independent directors trade stock every 12 days with the average trade being worth of $2,650,684. The most recent stock trade was executed by Dave Jr. Borders on 1 November 2019, trading 6,657 units of CHGG stock currently worth $204,836.

What does Chegg do?

Chegg, Inc. engages in the operations of learning platform for students. It intends to empower students to take control of their education and help the students study, college admissions exams, accomplish their goals, get grades, and test scores. The firm offers required and non-required scholastic materials including textbooks in any format; access to online homework help and textbook solutions; course organization and scheduling; college and university matching tools; and scholarship connections. Its services include Chegg study, writing, tutors, and math solver. The company was founded by Osman Rashid and Aayush Phumbhra on July 29, 2005 and is headquartered in Santa Clara, CA.

What does Chegg’s logo look like?

Complete history of Mr. Sarnoff stock trades at Activision Blizzard and Chegg

Chegg executives and stock owners

Chegg executives and other stock owners filed with the SEC include:

  • Daniel Rosensweig, Co-Chairman of the Board, President, Chief Executive Officer
  • Andrew Brown, Chief Financial Officer
  • Nathan Schultz, President – Learning Services
  • Michael Osier, Chief Information Officer, Chief Outcomes Officer
  • Jenny Brandemeuhl, Chief People Officer
  • Esther Lem, Chief Marketing Officer
  • Richard Sarnoff, Independent Co-Chairman of the Board
  • Ted Schlein, Independent Director
  • Marne Levine, Independent Director
  • Renee Budig, Independent Director
  • John York, Independent Director
  • Melanie Whelan, Director
  • Paul LeBlanc, Director
  • John Fillmore, Chief Business Officer
  • Dave Borders, General Counsel
  • Jeffrey T Housenbold, Director
  • Jenny Brandemuehl, CHIEF PEOPLE OFFICER
  • Robert C. Chesnut, SR VP & GENERAL COUNSEL
  • David J. Bernhardt, VP, CORPORATE CONTROLLER
  • Llczeev Orensasson Orisasso…,
  • Investment Partners Ii, L.P…,
  • Perkins Caufield & Byers Xi…,
  • Ltd Ace Holdings Management…,
  • Barry Mc Carthy, Director