Natalie Glance - Mar 2, 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
Mar 2, 2023
Transactions value $
-$2,879,291
Form type
4
Date filed
3/3/2023, 03:19 PM
Previous filing
Mar 2, 2023
Next filing
May 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DUOL Class A Common Stock Options Exercise $19.9K +2.66K +1.98% $7.48* 137K Mar 2, 2023 Direct
transaction DUOL Class A Common Stock Options Exercise $71.3K +8.75K +6.39% $8.15* 146K Mar 2, 2023 Direct
transaction DUOL Class A Common Stock Options Exercise $225K +15.6K +10.71% $14.42* 161K Mar 2, 2023 Direct
transaction DUOL Class A Common Stock Sale -$3.02M -25.6K -15.85% $118.30 136K Mar 2, 2023 Direct F1, F2
transaction DUOL Class A Common Stock Sale -$172K -1.44K -1.06% $119.07 134K Mar 2, 2023 Direct F1, F3
holding DUOL Class A Common Stock 130 Mar 2, 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 -2.66K -35.08% $0.00 4.92K Mar 2, 2023 Class A Common Stock 2.66K $7.48 Direct F4
transaction DUOL Stock Option (Right to Buy) Options Exercise $0 -8.75K -62.51% $0.00 5.25K Mar 2, 2023 Class A Common Stock 8.75K $8.15 Direct F4
transaction DUOL Stock Option (Right to Buy) Options Exercise $0 -15.6K -52.02% $0.00 14.4K Mar 2, 2023 Class A Common Stock 15.6K $14.42 Direct F4
* 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 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 $118.00 to $118.99, 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.
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 $119.00 to $119.16, 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 shares subject to the option are fully vested and exercisable.