Robert Meese - 11 May 2023 Form 4 Insider Report for Duolingo, Inc. (DUOL)

Signature
/s/ Stephen Chen, as Attorney-in-Fact for Robert Meese
Issuer symbol
DUOL
Transactions as of
11 May 2023
Net transactions value
-$60,000
Form type
4
Filing time
15 May 2023, 19:58:12 UTC
Previous filing
03 Apr 2023
Next filing
17 May 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DUOL Class A Common Stock Sale $60,000 -400 -0.2% $150.00 197,201 11 May 2023 Direct F1
holding DUOL Class A Common Stock 1,800 11 May 2023 See footnote F2
holding DUOL Class A Common Stock 1,800 11 May 2023 See footnote F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sale was effected pursuant to the Reporting Person's Rule 10b5-1 trading plan adopted on September 13, 2022.
F2 Shares held by Eliot Meese Qualified Minor's Trust.
F3 Shares held by Isaac Meese Qualified Minor's Trust.