A drill bit for use in a wellbore is disclosed, including a bit body having a longitudinal axis; and at least one moveable member associated with a lateral extent of the bit body, wherein the at least one moveable member is configured to translate in a member axis that is substantially longitudinal. Further, a method of drilling a wellbore is disclosed, including providing a drill bit including a bit body having a longitudinal axis and at least one movable member associated with a lateral extent of the bit body; conveying a drill string into a formation, the drill string having the drill bit at the end thereof; drilling the wellbore using the drill string; and selectively translating at least one movable member in a member axis that is substantially longitudinal.