John Osborne Lilly III - Dec 15, 2021 Form 4 Insider Report for Duolingo, Inc. (DUOL)

Role
Director
Signature
/s/ Stephen Chen, as Attorney-in-Fact for John Osborne Lilly III
Stock symbol
DUOL
Transactions as of
Dec 15, 2021
Transactions value $
$0
Form type
4
Date filed
12/16/2021, 05:36 PM
Next filing
Jun 13, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DUOL Class A Common Stock Award $0 +2.95K $0.00 2.95K Dec 15, 2021 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Constitute RSUs for which the Reporting Person is entitled to receive one (1) share of the Issuer's Class A Common Stock for each RSU upon vesting. 1/3rd of the RSUs vest on each anniversary of December 15, 2021 (the "Vesting Commencement Date"), such that 100% of the shares subject to the RSUs will be fully vested on the third anniversary of the Vesting Commencement Date.