Natalie Glance - Feb 28, 2023 Form 4 Insider Report for Duolingo, Inc. (DUOL)

Role
Chief Engineering Officer
Signature
/s/ Stephen Chen, as Attorney-in-Fact for Natalie Glance
Stock symbol
DUOL
Transactions as of
Feb 28, 2023
Transactions value $
-$483,062
Form type
4
Date filed
3/2/2023, 04:51 PM
Previous filing
Feb 21, 2023
Next filing
Mar 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DUOL Class A Common Stock Options Exercise $15.3K +2.16K +1.61% $7.11* 136K Feb 28, 2023 Direct
transaction DUOL Class A Common Stock Sale -$203K -2.16K -1.58% $94.00 134K Feb 28, 2023 Direct F1
transaction DUOL Class A Common Stock Options Exercise $3.21K +452 +0.34% $7.11* 135K Mar 1, 2023 Direct
transaction DUOL Class A Common Stock Options Exercise $19.1K +2.55K +1.89% $7.48* 137K Mar 1, 2023 Direct
transaction DUOL Class A Common Stock Sale -$318K -3K -2.19% $106.00 134K Mar 1, 2023 Direct F1
holding DUOL Class A Common Stock 130 Feb 28, 2023 By son

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 -2.16K -10.77% $0.00 17.9K Feb 28, 2023 Class A Common Stock 2.16K $7.11 Direct F2
transaction DUOL Stock Option (Right to Buy) Options Exercise $0 -452 -2.53% $0.00 17.4K Mar 1, 2023 Class A Common Stock 452 $7.11 Direct F2
transaction DUOL Stock Option (Right to Buy) Options Exercise $0 -2.55K -25.17% $0.00 7.58K Mar 1, 2023 Class A Common Stock 2.55K $7.48 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sale was effected pursuant to the Reporting Person's Rule 10b5-1 trading plan.
F2 The shares subject to the option are fully vested and exercisable.