Severin Hacker - 23 Jun 2022 Form 4 Insider Report for Duolingo, Inc. (DUOL)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
27 Jun 2022, 19:13:33 UTC
Prior SEC filing
21 Jun 2022
Next SEC filing
05 Jul 2022
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Stephen Chen, as Attorney-in-Fact for Severin Hacker

Key filing fact

Severin Hacker filed Form 4 for Duolingo, Inc. (DUOL) on 27 Jun 2022.

Key facts

  • This page summarizes Severin Hacker's Form 4 filing for Duolingo, Inc. (DUOL).
  • 8 reported transactions and 2 derivative rows are listed below.
  • Accepted by SEC: 27 Jun 2022, 19:13.

Change

  • Previous filing in this sequence was filed on 21 Jun 2022.
  • Current net transaction value: -$1,967,803.

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

Conversion of derivative security

Transaction value
$0
Shares
+20,000
Change %
Price
$0.000000
Shares after
20,000
Date
23 Jun 2022
Ownership
See footnote
Footnotes
F1
DUOL transaction

Class A Common Stock

Sale

Transaction value
$37,988
Shares
-400
Change %
-2%
Price
$94.97
Shares after
19,600
Date
23 Jun 2022
Ownership
See footnote
Footnotes
F1, F2, F3
DUOL transaction

Class A Common Stock

Sale

Transaction value
$133,850
Shares
-1,400
Change %
-7.1%
Price
$95.61
Shares after
18,200
Date
23 Jun 2022
Ownership
See footnote
Footnotes
F1, F2, F4
DUOL transaction

Class A Common Stock

Sale

Transaction value
$217,693
Shares
-2,243
Change %
-12%
Price
$97.05
Shares after
15,957
Date
23 Jun 2022
Ownership
See footnote
Footnotes
F1, F2, F5
DUOL transaction

Class A Common Stock

Sale

Transaction value
$388,550
Shares
-3,962
Change %
-25%
Price
$98.07
Shares after
11,995
Date
23 Jun 2022
Ownership
See footnote
Footnotes
F1, F2, F6
DUOL transaction

Class A Common Stock

Sale

Transaction value
$892,160
Shares
-9,008
Change %
-75%
Price
$99.04
Shares after
2,987
Date
23 Jun 2022
Ownership
See footnote
Footnotes
F1, F2, F7
DUOL transaction

Class A Common Stock

Sale

Transaction value
$297,562
Shares
-2,987
Change %
-100%
Price
$99.62
Shares after
0
Date
23 Jun 2022
Ownership
See footnote
Footnotes
F1, F2, F8
DUOL holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
72
Date
23 Jun 2022
Ownership
Direct

Reported derivative securities

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

DUOL transaction Derivative

Class B Common Stock

Conversion of derivative security

Transaction value
$0
Shares
-20,000
Change %
-0.6%
Price
$0.000000
Shares after
3,291,417
Date
23 Jun 2022
Ownership
See footnote
Underlying class
Class A Common Stock
Underlying amount
20,000
Exercise price
Footnotes
F1, F9
DUOL holding Derivative

Class B Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
15,500
Date
23 Jun 2022
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
15,500
Exercise price
Footnotes
F9
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 9 footnotes

Footnote F1

Shares held by SBH Trust dated March 10, 2020, of which Reporting Person is Trustee.

Footnote F2

The sales reported in this Form 4 were effected pursuant to the Reporting Person's Rule 10b5-1 trading plan.

Footnote F3

The price reported in Column 4 is a weighted average sale price calculated by the broker executing the sales. These shares were sold in multiple transactions at prices ranging from $94.38 to $95.32, 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.

Footnote F4

The price reported in Column 4 is a weighted average sale price calculated by the broker executing the sales. These shares were sold in multiple transactions at prices ranging from $95.40 to $96.27, 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.

Footnote F5

The price reported in Column 4 is a weighted average sale price calculated by the broker executing the sales. These shares were sold in multiple transactions at prices ranging from $96.46 to $97.41, 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.

Footnote F6

The price reported in Column 4 is a weighted average sale price calculated by the broker executing the sales. These shares were sold in multiple transactions at prices ranging from $97.48 to $98.47, 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.

Footnote F7

The price reported in Column 4 is a weighted average sale price calculated by the broker executing the sales. These shares were sold in multiple transactions at prices ranging from $98.51 to $99.49, 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.

Footnote F8

The price reported in Column 4 is a weighted average sale price calculated by the broker executing the sales. These shares were sold in multiple transactions at prices ranging from $99.51 to $99.95, 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.

Footnote F9

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 and (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.

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