Form 4 for DUOL Duolingo, Inc.
Accepted 2022-06-10 00:00:00 ET · period of report 2022-06-08 · accession 0001562088-22-000089 · 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 | 2022-06-10 | 2022-06-08+ | DUOL | Chen Stephen C. | GC | S - Sale+OE | $102.12 | -4,107 | 28.4K | -13% | -$419.4K |
| DM | 2022-06-10 | 2022-06-08+ | DUOL | Chen Stephen C. | GC | M - OptEx | $14.42 | +4,107 | 32.4K | +15% | +$59.2K |
| DM | 2022-06-10 | 2022-06-08+ | DUOL | Chen Stephen C. | GC | M - OptEx | $0.00 | -4,107 | 113.4K | -3% | $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 | 2022-06-09 | S | D | 100 | $102.12 | 28,384 | D | — | — | |
| 2 | Common | Class A Common Stock | 2022-06-09 | M | A | 100 | $14.42 | 28,484 | D | — | — | |
| 3 | Common | Class A Common Stock | 2022-06-08 | S | D | 4,007 | $102.12 | 28,384 | D | — | — | (F2) The price reported in Column 4 is a weighted average price calculated by the broker executing the sales transactions. These shares were sold as part of a block trade in multiple transactions at sales prices ranging from $102.00 to $102.67, and the Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate sales price. |
| 4 | Common | Class A Common Stock | 2022-06-08 | M | A | 4,007 | $14.42 | 32,391 | D | — | — | |
| 5 | Derivative | Stock Option (Right to Buy) | 2022-06-08 | M | D | 4,007 | $0.00 | 113,494 | D | $14.42 · — to 2030-03-10 | 4,007 Class A Common Stock | (F3) 25% of the shares subject to the option vest on the first anniversary measured from March 2, 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) | 2022-06-09 | M | D | 100 | $0.00 | 113,394 | D | $14.42 · — to 2030-03-10 | 100 Class A Common Stock | (F3) 25% of the shares subject to the option vest on the first anniversary measured from March 2, 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. |