Form 4 for DUOL Duolingo, Inc.
Accepted 2023-12-04 00:00:00 ET · period of report 2023-12-01 · accession 0001562088-23-000244 · 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 | 2023-12-04 | 2023-12-01 | DUOL | Skaruppa Matthew | CFO | S - Sale+OE | $212.93 | -8,000 | 58.5K | -12% | -$1.70M |
| D | 2023-12-04 | 2023-12-01 | DUOL | Skaruppa Matthew | CFO | M - OptEx | $14.42 | +8,000 | 59.0K | +16% | +$115.4K |
| D | 2023-12-04 | 2023-12-01 | DUOL | Skaruppa Matthew | CFO | M - OptEx | $0.00 | -8,000 | 162.2K | -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 | 2023-12-01 | S | D | 800 | $212.39 | 56,423 | 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 $211.86 to $212.84, 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 | 2023-12-01 | S | D | 3,041 | $213.60 | 53,382 | 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 $212.99 to $213.98, 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 |
| 3 | Common | Class A Common Stock | 2023-12-01 | S | D | 2,208 | $214.53 | 51,174 | 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 $214.06 to $214.97, 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 | 2023-12-01 | S | D | 350 | $211.10 | 57,223 | 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 $210.80 to $211.68, 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 | 2023-12-01 | S | D | 901 | $209.95 | 57,573 | 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 $209.57 to $210.47, 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 | 2023-12-01 | S | D | 200 | $215.17 | 50,974 | D | — | — | |
| 7 | Common | Class A Common Stock | 2023-12-01 | M | A | 8,000 | $14.42 | 58,974 | D | — | — | |
| 8 | Common | Class A Common Stock | 2023-12-01 | S | D | 500 | $208.45 | 58,474 | 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 $208.20 to $209.03, 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) | 2023-12-01 | M | D | 8,000 | $0.00 | 162,163 | D | $14.42 · — to 2030-03-10 | 8,000 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. |