Robert Meese - 25 Sep 2024 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
25 Sep 2024
Net transactions value
-$1,425,194
Form type
4
Filing time
26 Sep 2024, 16:28:08 UTC
Previous filing
23 Sep 2024
Next filing
18 Nov 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DUOL Class A Common Stock Sale $1,287,254 -4,516 -3.1% $285.04 142,537 25 Sep 2024 Direct F1
transaction DUOL Class A Common Stock Sale $137,940 -484 -0.34% $285.00 142,053 25 Sep 2024 Direct F1
holding DUOL Class A Common Stock 1,800 25 Sep 2024 See footnote F2
holding DUOL Class A Common Stock 1,800 25 Sep 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 sale was 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.