Robert Meese - 29 Apr 2022 Form 4 Insider Report for Duolingo, Inc. (DUOL)

Role
Chief Business Officer
Signature
/s/ Stephen Chen, as Attorney-in-Fact for Robert Meese
Issuer symbol
DUOL
Transactions as of
29 Apr 2022
Net transactions value
+$190,431
Form type
4
Filing time
03 May 2022, 19:21:48 UTC
Previous filing
24 Feb 2022
Next filing
17 May 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DUOL Class A Common Stock Options Exercise $125,151 +15,356 +8.6% $8.15* 193,437 29 Apr 2022 Direct
transaction DUOL Class A Common Stock Options Exercise $63,088 +4,375 +2.3% $14.42* 197,812 03 May 2022 Direct
transaction DUOL Class A Common Stock Options Exercise $2,192 +269 +0.14% $8.15* 198,081 03 May 2022 Direct
holding DUOL Class A Common Stock 1,800 29 Apr 2022 See footnote F1
holding DUOL Class A Common Stock 1,800 29 Apr 2022 See footnote F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction DUOL Stock Options Options Exercise $0 -15,356 -61% $0.000000 9,644 29 Apr 2022 Class A Common Stock 15,356 $8.15 Direct F3
transaction DUOL Stock Options Options Exercise $0 -4,375 -44% $0.000000 5,625 03 May 2022 Class A Common Stock 4,375 $14.42 Direct F4
transaction DUOL Stock Options Options Exercise $0 -269 -2.8% $0.000000 9,375 03 May 2022 Class A Common Stock 269 $8.15 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares held by Eliot Meese Qualified Minor's Trust.
F2 Shares held by Isaac Meese Qualified Minor's Trust.
F3 1/24th of the shares subject to the option vest on each monthly anniversary measured from September 6, 2020 (the "Vesting Commencement Date"), such that 100% of the shares subject to the option will be fully vested and exercisable on the second anniversary of the Vesting Commencement Date.
F4 1/48th of the shares subject to the option vest on each monthly anniversary measured from March 9, 2020 (the "Vesting Commencement Date"), 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.