Stephen C. Chen - 28 Feb 2022 Form 4 Insider Report for Duolingo, Inc. (DUOL)

Reporting relationship: General Counsel
Issuer ticker: DUOL
Reported as of: 28 Feb 2022
Net transaction value: +$72,100
SEC form: 4
Accepted by SEC: 02 Mar 2022, 16:00:41 UTC
Prior SEC filing: 24 Feb 2022
Next SEC filing: 17 May 2022
Source filing: View source filing
Reporting owner signature: /s/ Stephen C. Chen

Key filing fact

Stephen C. Chen filed Form 4 for Duolingo, Inc. (DUOL) on 02 Mar 2022.

Key facts

This page summarizes Stephen C. Chen's Form 4 filing for Duolingo, Inc. (DUOL).
2 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 02 Mar 2022, 16:00.

Change

Previous filing in this sequence was filed on 24 Feb 2022.
Current net transaction value: +$72,100.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

DUOL transaction

Class A Common Stock

Options Exercise

Transaction value: $72,100
Shares: +5,000
Change %: +114%
Price: $14.42^*
Shares after: 9,394
Date: 28 Feb 2022
Ownership: Direct
Footnotes: F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

DUOL transaction Derivative

Stock Option (Right to Buy)

Options Exercise

Transaction value: $0
Shares: -5,000
Change %: -4.1%
Price: $0.000000
Shares after: 117,501
Date: 28 Feb 2022
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 5,000
Exercise price: $14.42
Footnotes: F2

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 2 footnotes

Footnote F1

Includes 3,484 RSUs.

Footnote F2

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.