Form 4 for DUOL Duolingo, Inc.
Accepted 2023-03-22 00:00:00 ET · period of report 2023-03-21 · accession 0001562088-23-000077 · 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 | 2023-03-22 | 2023-03-21 | DUOL | Chen Stephen C. | GC | S - Sale+OE | $130.43 | -9,252 | 26.6K | -26% | -$1.21M |
| D | 2023-03-22 | 2023-03-21 | DUOL | Chen Stephen C. | GC | M - OptEx | $14.42 | +9,252 | 35.8K | +35% | +$133.4K |
| D | 2023-03-22 | 2023-03-21 | DUOL | Chen Stephen C. | GC | M - OptEx | $0.00 | -9,252 | 57.5K | -14% | $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 | 2023-03-21 | S | D | 9,252 | $130.43 | 26,553 | 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 $130.09 to $130.89, 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. |
| 2 | Common | Class A Common Stock | 2023-03-21 | M | A | 9,252 | $14.42 | 35,805 | D | — | — | |
| 3 | Derivative | Stock Option (Right to Buy) | 2023-03-21 | M | D | 9,252 | $0.00 | 57,501 | D | $14.42 · — to 2030-03-10 | 9,252 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. |