Form 4 for DUOL Duolingo, Inc.
Accepted 2023-03-02 00:00:00 ET · period of report 2023-03-01 · accession 0001562088-23-000059 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-03-02 | 2023-03-01 | DUOL | Skaruppa Matthew | CFO | M - OptEx | $0.00 | +5,000 | 49.0K | +11% | $0 |
| DM | 2023-03-02 | 2023-03-01 | DUOL | Skaruppa Matthew | CFO | S - Sale+OE | $108.08 | -5,000 | 47.3K | -10% | -$540.4K |
| D | 2023-03-02 | 2023-03-01 | DUOL | Skaruppa Matthew | CFO | M - OptEx | $0.00 | -5,000 | 220.2K | -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 | 2023-03-01 | M | A | 5,000 | $0.00 | 48,987 | D | — | — | |
| 2 | Common | Class A Common Stock | 2023-03-01 | S | D | 100 | $102.00 | 48,887 | D | — | — | |
| 3 | Common | Class A Common Stock | 2023-03-01 | S | D | 691 | $105.05 | 48,196 | 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 $104.62 to $105.36, 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 | 2023-03-01 | S | D | 500 | $110.08 | 43,987 | 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 $110.925 to $111.27, 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 | 2023-03-01 | S | D | 291 | $107.91 | 47,005 | 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 $107.44 to $108.43, 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 | 2023-03-01 | S | D | 1,420 | $108.78 | 45,585 | 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 $108.47 to $109.09, 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 | 2023-03-01 | S | D | 1,098 | $110.30 | 44,487 | 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 $109.90 to $110.85, 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 | 2023-03-01 | S | D | 900 | $106.21 | 47,296 | 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 $105.98 to $106.78, 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) | 2023-03-01 | M | D | 5,000 | $0.00 | 220,163 | D | $14.42 · — to 2030-03-10 | 5,000 Class A Common Stock | (F8) 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. |