Form 4 for DUOL Duolingo, Inc.
Accepted 2023-09-11 00:00:00 ET · period of report 2023-09-08 · accession 0001562088-23-000195 · 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 | 2023-09-11 | 2023-09-08 | DUOL | Skaruppa Matthew | CFO | M - OptEx | $14.42 | +12.0K | 72.0K | +20% | +$173.0K |
| DM | 2023-09-11 | 2023-09-08 | DUOL | Skaruppa Matthew | CFO | S - Sale+OE | $157.15 | -15.9K | 61.3K | -21% | -$2.49M |
| D | 2023-09-11 | 2023-09-08 | DUOL | Skaruppa Matthew | CFO | M - OptEx | $0.00 | -12.0K | 186.2K | -6% | $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 | 2023-09-08 | M | A | 12,000 | $14.42 | 71,994 | D | — | — | |
| 2 | Common | Class A Common Stock | 2023-09-08 | S | D | 1,592 | $155.66 | 70,402 | 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 $155.24 to $156.20, 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 | 2023-09-08 | S | D | 1,330 | $159.68 | 56,141 | 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 $159.35 to $160.19, 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 | 2023-09-08 | S | D | 2,778 | $157.71 | 58,571 | 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 $157.25 to $158.23, 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 | 2023-09-08 | S | D | 1,100 | $158.90 | 57,471 | 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 $158.34 to $159.30, 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 | 2023-09-08 | S | D | 9,053 | $156.65 | 61,349 | 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 $156.25 to $157.19, 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 | Derivative | Stock Option (Right to Buy) | 2023-09-08 | M | D | 12,000 | $0.00 | 186,163 | D | $14.42 · — to 2030-03-10 | 12,000 Class A Common Stock | (F7) 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. |