Natalie Glance - Nov 16, 2021 Form 4 Insider Report for Duolingo, Inc. (DUOL)

Signature
/s/ Stephen Chen, as Attorney-in-Fact for Natalie Glance
Stock symbol
DUOL
Transactions as of
Nov 16, 2021
Transactions value $
-$2,604,981
Form type
4
Date filed
11/18/2021, 02:58 PM
Previous filing
Nov 17, 2021
Next filing
Nov 24, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DUOL Class A Common Stock Options Exercise $2.22K +995 +1.34% $2.23* 75K Nov 16, 2021 Direct F1
transaction DUOL Class A Common Stock Options Exercise $91.7K +18.3K +24.44% $5.00* 93.4K Nov 16, 2021 Direct F1
transaction DUOL Class A Common Stock Options Exercise $924 +130 +0.14% $7.11* 93.5K Nov 16, 2021 Direct F1
transaction DUOL Class A Common Stock Sale -$375K -2.77K -2.96% $135.75 90.7K Nov 16, 2021 Direct F1, F2, F3
transaction DUOL Class A Common Stock Sale -$262K -1.92K -2.12% $136.50 88.8K Nov 16, 2021 Direct F1, F2, F4
transaction DUOL Class A Common Stock Sale -$131K -951 -1.07% $138.25 87.8K Nov 16, 2021 Direct F1, F2, F5
transaction DUOL Class A Common Stock Sale -$884K -6.36K -7.23% $139.16 81.5K Nov 16, 2021 Direct F1, F2, F6
transaction DUOL Class A Common Stock Sale -$893K -6.38K -7.83% $140.03 75.1K Nov 16, 2021 Direct F1, F2, F7
transaction DUOL Class A Common Stock Sale -$141K -1K -1.33% $140.79 74.1K Nov 16, 2021 Direct F1, F2, F8
transaction DUOL Class A Common Stock Sale -$12.5K -88 -0.12% $141.65 74K Nov 16, 2021 Direct F1, 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 Option (Right to Buy) Options Exercise $0 -995 -1.18% $0.00 83.2K Nov 16, 2021 Class A Common Stock 995 $2.23 Direct F9
transaction DUOL Stock Option (Right to Buy) Options Exercise $0 -18.3K -46.22% $0.00 21.3K Nov 16, 2021 Class A Common Stock 18.3K $5.00 Direct F9
transaction DUOL Stock Option (Right to Buy) Options Exercise $0 -130 -0.54% $0.00 23.9K Nov 16, 2021 Class A Common Stock 130 $7.11 Direct F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 21,875 restricted stock units.
F2 The sale was effected pursuant to the Reporting Person's Rule 10b5-1 trading plan.
F3 The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $135.19 to $136.18, 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.
F4 The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $136.19 to $137.02, 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.
F5 The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $137.59 to $138.54, 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.
F6 The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $138.62 to $139.61, 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.
F7 The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $139.63 to $140.62, 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.
F8 The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $140.63 to $141.09, 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.
F9 The shares subject to the option are fully vested and exercisable.
F10 1/48th of the shares subject to the option vest on each monthly anniversary measured from February 27, 2018 (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.