Robert Meese - Sep 20, 2024 Form 4 Insider Report for Duolingo, Inc. (DUOL)

Signature
/s/ Stephen Chen, as Attorney-in-Fact for Robert Meese
Stock symbol
DUOL
Transactions as of
Sep 20, 2024
Transactions value $
-$1,350,000
Form type
4
Date filed
9/23/2024, 04:18 PM
Previous filing
Sep 19, 2024
Next filing
Sep 26, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DUOL Class A Common Stock Sale -$1.35M -5K -3.29% $270.00 147K Sep 20, 2024 Direct F1
holding DUOL Class A Common Stock 1.8K Sep 20, 2024 See footnote F2
holding DUOL Class A Common Stock 1.8K Sep 20, 2024 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 sales reported in this Form 4 were effected pursuant to the Reporting Person's Rule 10b5-1 trading plan adopted on March 13, 2024.
F2 Shares held by Eliot Meese Qualified Minor's Trust.
F3 Shares held by Isaac Meese Qualified Minor's Trust.