Form 4 for DUOL Duolingo, Inc.
Accepted 2022-02-11 00:00:00 ET · period of report 2022-02-09 · accession 0001562088-22-000008 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2022-02-11 | 2022-02-09+ | DUOL | Skaruppa Matthew | CFO | S - Sale+OE | $102.13 | -2,884 | 21.9K | -12% | -$294.5K |
| DM | 2022-02-11 | 2022-02-09+ | DUOL | Skaruppa Matthew | CFO | M - OptEx | $14.42 | +2,884 | 22.6K | +15% | +$41.6K |
| DM | 2022-02-11 | 2022-02-09+ | DUOL | Skaruppa Matthew | CFO | M - OptEx | $0.00 | -2,884 | 293.5K | -1.0% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2022-02-09 | S | D | 700 | $102.00 | 21,875 | D | — | — | (F2) The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $102.00 to $102.02, inclusive. The Reporting Person hereby undertakes to provide to the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote. |
| 2 | Common | Class A Common Stock | 2022-02-10 | M | A | 2,184 | $14.42 | 24,059 | D | — | — | |
| 3 | Common | Class A Common Stock | 2022-02-10 | S | D | 2,184 | $102.17 | 21,875 | D | — | — | (F3) The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $102.00 to $102.31, inclusive. The Reporting Person hereby undertakes to provide to the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote. |
| 4 | Common | Class A Common Stock | 2022-02-09 | M | A | 700 | $14.42 | 22,575 | D | — | — | |
| 5 | Derivative | Stock Option (Right to Buy) | 2022-02-10 | M | D | 2,184 | $0.00 | 291,279 | D | $14.42 · — to 2030-03-10 | 2,184 Class A Common Stock | (F4) 25% of the shares subject to the option vest on the first anniversary measured from February 24, 2020 (the "Vesting Commencement Date"), and 1/48th of the total number of shares vest monthly thereafter, such that 100% of the shares subject to the option will be fully vested and exercisable on the fourth anniversary of the Vesting Commencement Date. |
| 6 | Derivative | Stock Option (Right to Buy) | 2022-02-09 | M | D | 700 | $0.00 | 293,463 | D | $14.42 · — to 2030-03-10 | 700 Class A Common Stock | (F4) 25% of the shares subject to the option vest on the first anniversary measured from February 24, 2020 (the "Vesting Commencement Date"), and 1/48th of the total number of shares vest monthly thereafter, such that 100% of the shares subject to the option will be fully vested and exercisable on the fourth anniversary of the Vesting Commencement Date. |