Robert Meese - 27 Jul 2021 Form 3 Insider Report for Duolingo, Inc. (DUOL)

Role
Chief Business Officer
Signature
Matthew Skaruppa, as Attorney-in-Fact for Robert Meese
Issuer symbol
DUOL
Transactions as of
27 Jul 2021
Net transactions value
$0
Form type
3
Filing time
27 Jul 2021, 21:03:51 UTC
Next filing
22 Sep 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding DUOL Class A Common Stock 199,670 27 Jul 2021 Direct
holding DUOL Class A Common Stock 1,800 27 Jul 2021 See footnote F1
holding DUOL Class A Common Stock 1,800 27 Jul 2021 See footnote F2

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
holding DUOL Stock Option (Right to Buy) 27 Jul 2021 Class A Common Stock 25,000 $8.15 Direct F3
holding DUOL Stock Option (Right to Buy) 27 Jul 2021 Class A Common Stock 10,000 $14.42 Direct F4
holding DUOL Stock Option (Right to Buy) 27 Jul 2021 Class A Common Stock 20,000 $22.91 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares held by Eliot Meese Qualified Minor's Trust.
F2 Shares held by Isaac Meese Qualified Minor's Trust.
F3 1/24th of the shares subject to the option vest on each monthly anniversary measured from September 6, 2020 (the "Vesting Commencement Date"), such that 100% of the shares subject to the option will be fully vested and exercisable on the second anniversary of the Vesting Commencement Date.
F4 1/48th of the shares subject to the option vest on each monthly anniversary measured from March 9, 2020 (the "Vesting Commencement Date"), such that 100% of the shares subject to the option will be fully vested and exercisable on the fourth anniversary of the Vesting Commencement Date.

Remarks:

Exhibit 24.1 Power of Attorney