Form 4 for DUOL Duolingo, Inc.
Accepted 2022-06-03 00:00:00 ET · period of report 2022-06-01 · accession 0001562088-22-000083 · 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 | 2022-06-03 | 2022-06-01 | DUOL | Skaruppa Matthew | CFO | S - Sale+OE | $82.90 | -22.8K | 59.5K | -28% | -$1.89M |
| D | 2022-06-03 | 2022-06-01 | DUOL | Skaruppa Matthew | CFO | M - OptEx | $14.42 | +20.5K | 76.9K | +36% | +$295.8K |
| D | 2022-06-03 | 2022-06-01 | DUOL | Skaruppa Matthew | CFO | M - OptEx | $0.00 | +20.5K | 270.2K | +8% | $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 | 2022-06-01 | S | D | 5,348 | $84.19 | 54,157 | D | — | — | (F5) The price reported in Column 4 is a weighted average sale price calculated by the broker executing the sales. These shares were sold in multiple transactions at prices ranging from $83.96 to $84.42, 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 | 2022-06-01 | S | D | 7,647 | $82.31 | 65,339 | D | — | — | (F3) The price reported in Column 4 is a weighted average sale price calculated by the broker executing the sales. These shares were sold in multiple transactions at prices ranging from $81.93 to $82.91, 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. |
| 3 | Common | Class A Common Stock | 2022-06-01 | S | D | 3,921 | $81.45 | 72,986 | D | — | — | (F2) The price reported in Column 4 is a weighted average sale price calculated by the broker executing the sales. These shares were sold in multiple transactions at prices ranging from $80.92 to $81.91, 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 | 2022-06-01 | M | A | 20,516 | $14.42 | 76,907 | D | — | — | |
| 5 | Common | Class A Common Stock | 2022-06-01 | S | D | 5,834 | $83.46 | 59,505 | D | — | — | (F4) The price reported in Column 4 is a weighted average sale price calculated by the broker executing the sales. These shares were sold in multiple transactions at prices ranging from $82.96 to $83.94, 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. |
| 6 | Derivative | Stock Option (Right to Buy) | 2022-06-01 | M | A | 20,516 | $0.00 | 270,163 | D | $14.42 · — to 2030-03-10 | 20,516 Class A Common Stock | (F6) 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. |