Natalie Glance - 02 Mar 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
02 Mar 2023
Net transactions value
-$2,879,291
Form type
4
Filing time
03 Mar 2023, 15:19:51 UTC
Previous filing
02 Mar 2023
Next filing
17 May 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 $19,882 +2,658 +2% $7.48* 136,856 02 Mar 2023 Direct
transaction DUOL Class A Common Stock Options Exercise $71,321 +8,751 +6.4% $8.15* 145,607 02 Mar 2023 Direct
transaction DUOL Class A Common Stock Options Exercise $224,822 +15,591 +11% $14.42* 161,198 02 Mar 2023 Direct
transaction DUOL Class A Common Stock Sale $3,023,500 -25,557 -16% $118.30 135,641 02 Mar 2023 Direct F1, F2
transaction DUOL Class A Common Stock Sale $171,815 -1,443 -1.1% $119.07 134,198 02 Mar 2023 Direct F1, F3
holding DUOL Class A Common Stock 130 02 Mar 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 -2,658 -35% $0.000000 4,919 02 Mar 2023 Class A Common Stock 2,658 $7.48 Direct F4
transaction DUOL Stock Option (Right to Buy) Options Exercise $0 -8,751 -63% $0.000000 5,249 02 Mar 2023 Class A Common Stock 8,751 $8.15 Direct F4
transaction DUOL Stock Option (Right to Buy) Options Exercise $0 -15,591 -52% $0.000000 14,379 02 Mar 2023 Class A Common Stock 15,591 $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.