Gillian Munson - 20 Mar 2025 Form 4 Insider Report for Duolingo, Inc. (DUOL)

Role
Director
Signature
/s/ Stephen Chen, as Attorney-in-Fact for Gillian Munson
Issuer symbol
DUOL
Transactions as of
20 Mar 2025
Net transactions value
-$1,509,250
Form type
4
Filing time
21 Mar 2025, 19:00:19 UTC
Previous filing
04 Mar 2025
Next filing
08 Apr 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DUOL Class A Common Stock Options Exercise $40,750 +5,000 +142% $8.15 8,530 20 Mar 2025 Direct
transaction DUOL Class A Common Stock Sale $1,550,000 -5,000 -59% $310.00 3,530 20 Mar 2025 Direct F1

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 -5,000 -20% $0.000000 20,000 20 Mar 2025 Class A Common Stock 5,000 $8.15 Direct F2
* 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 December 7, 2024.
F2 The shares subject to the option are fully vested and exercisable.