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

Role
Chief Engineering Officer
Signature
/s/ Stephen Chen, as Attorney-in-Fact for Natalie Glance
Issuer symbol
DUOL
Transactions as of
28 Feb 2023
Net transactions value
-$483,062
Form type
4
Filing time
02 Mar 2023, 16:51:58 UTC
Previous filing
21 Feb 2023
Next filing
03 Mar 2023
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 $15,329 +2,156 +1.6% $7.11* 136,354 28 Feb 2023 Direct
transaction DUOL Class A Common Stock Sale $202,664 -2,156 -1.6% $94.00 134,198 28 Feb 2023 Direct F1
transaction DUOL Class A Common Stock Options Exercise $3,214 +452 +0.34% $7.11* 134,650 01 Mar 2023 Direct
transaction DUOL Class A Common Stock Options Exercise $19,059 +2,548 +1.9% $7.48* 137,198 01 Mar 2023 Direct
transaction DUOL Class A Common Stock Sale $318,000 -3,000 -2.2% $106.00 134,198 01 Mar 2023 Direct F1
holding DUOL Class A Common Stock 130 28 Feb 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 -2,156 -11% $0.000000 17,870 28 Feb 2023 Class A Common Stock 2,156 $7.11 Direct F2
transaction DUOL Stock Option (Right to Buy) Options Exercise $0 -452 -2.5% $0.000000 17,418 01 Mar 2023 Class A Common Stock 452 $7.11 Direct F2
transaction DUOL Stock Option (Right to Buy) Options Exercise $0 -2,548 -25% $0.000000 7,577 01 Mar 2023 Class A Common Stock 2,548 $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.