Form 4 for DUOL Duolingo, Inc.
Accepted 2023-01-04 00:00:00 ET · period of report 2023-01-03 · accession 0001562088-23-000002 · 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 | 2023-01-04 | 2023-01-03 | DUOL | Skaruppa Matthew | CFO | S - Sale+OE | $70.46 | -5,000 | 53.1K | -9% | -$352.3K |
| D | 2023-01-04 | 2023-01-03 | DUOL | Skaruppa Matthew | CFO | M - OptEx | $14.42 | +5,000 | 53.9K | +10% | +$72.1K |
| D | 2023-01-04 | 2023-01-03 | DUOL | Skaruppa Matthew | CFO | M - OptEx | $0.00 | -5,000 | 225.2K | -2% | $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 | 2023-01-03 | S | D | 300 | $71.69 | 48,918 | 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 $71.41 to $71.88, 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 | 2023-01-03 | S | D | 3,900 | $70.57 | 49,218 | 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 $70.11 to $71.07, 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 | 2023-01-03 | M | A | 5,000 | $14.42 | 53,918 | D | — | — | |
| 4 | Common | Class A Common Stock | 2023-01-03 | S | D | 800 | $69.45 | 53,118 | 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 $69.09 to $70.04, 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 | Derivative | Stock Option (Right to Buy) | 2023-01-03 | M | D | 5,000 | $0.00 | 225,163 | D | $14.42 · — to 2030-03-10 | 5,000 Class A Common Stock | (F5) 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. |