Form 4 for DUOL Duolingo, Inc.
Accepted 2022-07-19 00:00:00 ET · period of report 2022-07-15 · accession 0001562088-22-000126 · 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 | 2022-07-19 | 2022-07-15 | DUOL | Skaruppa Matthew | CFO | S - Sale+OE | $97.21 | -14.0K | 54.2K | -21% | -$1.36M |
| D | 2022-07-19 | 2022-07-15 | DUOL | Skaruppa Matthew | CFO | M - OptEx | $14.42 | +14.0K | 68.2K | +26% | +$201.9K |
| D | 2022-07-19 | 2022-07-15 | DUOL | Skaruppa Matthew | CFO | M - OptEx | $0.00 | -14.0K | 244.2K | -5% | $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 | 2022-07-15 | S | D | 1,387 | $93.65 | 66,770 | 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 $93.05 to $93.98, 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 | 2022-07-15 | S | D | 1,613 | $94.50 | 65,157 | 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 $94.05 to $94.89, 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 | 2022-07-15 | M | A | 14,000 | $14.42 | 68,157 | D | — | — | |
| 4 | Common | Class A Common Stock | 2022-07-15 | S | D | 913 | $95.56 | 64,244 | 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 $95.12 to $96.06, 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 | 2022-07-15 | S | D | 1,705 | $96.74 | 62,539 | 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 $96.25 to $97.21, 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 | Common | Class A Common Stock | 2022-07-15 | S | D | 3,332 | $98.12 | 59,207 | D | — | — | (F6) 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 $97.47 to $98.46, 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 |
| 7 | Common | Class A Common Stock | 2022-07-15 | S | D | 4,367 | $98.83 | 54,840 | D | — | — | (F7) 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 $98.47 to $99.38, 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 |
| 8 | Common | Class A Common Stock | 2022-07-15 | S | D | 683 | $99.49 | 54,157 | D | — | — | (F8) 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 $99.47 to $99.54, 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 |
| 9 | Derivative | Stock Option (Right to Buy) | 2022-07-15 | M | D | 14,000 | $0.00 | 244,163 | D | $14.42 · — to 2030-03-10 | 14,000 Class A Common Stock | (F9) 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. |