Form 4 for DUOL Duolingo, Inc.
Accepted 2021-08-02 00:00:00 ET · period of report 2021-07-30 · accession 0001628280-21-015222 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DI | 2021-08-02 | 2021-07-30 | DUOL | Hacker Severin | CTO, Dir, 10%, Co-Founder | S - Sale | $102.00 | -50.0K | 0 | -100% | -$5.10M |
| DI | 2021-08-02 | 2021-07-30 | DUOL | Hacker Severin | CTO, Dir, 10%, Co-Founder | C - Cnv Deriv | $0.00 | +50.0K | 50.0K | New | $0 |
| DI | 2021-08-02 | 2021-07-30 | DUOL | Hacker Severin | CTO, Dir, 10%, Co-Founder | C - Cnv Deriv | — | -50.0K | 3.41M | -1% | — |
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 | 2021-07-30 | S | D | 50,000 | $102.00 | 0 | I See footnote | — | — | (F2) Shares held by SBH Trust dated March 10, 2020, of which Reporting Person is Trustee. |
| 2 | Common | Class A Common Stock | 2021-07-30 | C | A | 50,000 | $0.00 | 50,000 | I See footnote | — | — | (F1) Each share of Class B Common Stock is convertible at any time at the option of the Reporting Person into one share of Class A Common Stock and has no expiration date. Each share of Class B Common Stock will convert automatically into one share of Class A Common Stock in connection with: (i) any transfer, whether or not for value, except for certain permitted transfers further described in the Issuer's amended and restated certificate of incorporation, (ii) such time as the aggregate number of shares of Class B Common Stock outstanding ceases to represent 5% of the aggregate number of shares of Common Stock outstanding, and (iii) the death of the Reporting Person. (F2) Shares held by SBH Trust dated March 10, 2020, of which Reporting Person is Trustee. |
| 3 | Derivative | Class B Common Stock | 2021-07-30 | C | D | 50,000 | — | 3,407,417 | I See footnote | — · — to — | 50,000 Class A Common Stock | (F1) Each share of Class B Common Stock is convertible at any time at the option of the Reporting Person into one share of Class A Common Stock and has no expiration date. Each share of Class B Common Stock will convert automatically into one share of Class A Common Stock in connection with: (i) any transfer, whether or not for value, except for certain permitted transfers further described in the Issuer's amended and restated certificate of incorporation, (ii) such time as the aggregate number of shares of Class B Common Stock outstanding ceases to represent 5% of the aggregate number of shares of Common Stock outstanding, and (iii) the death of the Reporting Person. (F2) Shares held by SBH Trust dated March 10, 2020, of which Reporting Person is Trustee. |