Form 4 for DUOL Duolingo, Inc.
Accepted 2022-06-27 00:00:00 ET · period of report 2022-06-24 · accession 0001562088-22-000121 · 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 | 2022-06-27 | 2022-06-24 | DUOL | Chen Stephen C. | GC | S - Sale+OE | $103.52 | -25.4K | 29.5K | -46% | -$2.63M |
| D | 2022-06-27 | 2022-06-24 | DUOL | Chen Stephen C. | GC | M - OptEx | $14.42 | +25.4K | 53.7K | +89% | +$365.7K |
| D | 2022-06-27 | 2022-06-24 | DUOL | Chen Stephen C. | GC | M - OptEx | $0.00 | -25.4K | 77.5K | -25% | $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 | 2022-06-24 | S | D | 1,097 | $105.39 | 28,384 | 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 $105.18 to $105.52, 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 | 2022-06-24 | M | A | 25,358 | $14.42 | 53,742 | D | — | — | |
| 3 | Common | Class A Common Stock | 2022-06-24 | S | D | 7,348 | $102.57 | 46,394 | 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 $102.01 to $103.00, 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 | 2022-06-24 | S | D | 10,712 | $103.42 | 35,682 | 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 $103.04 to $104.02, 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. |
| 5 | Common | Class A Common Stock | 2022-06-24 | S | D | 6,201 | $104.50 | 29,481 | 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 $104.06 to $105.00, 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) | 2022-06-24 | M | D | 25,358 | $0.00 | 77,501 | D | $14.42 · — to 2030-03-10 | 25,358 Class A Common Stock | (F6) 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. |