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

Role
Director
Signature
/s/ Matthew Skaruppa, as Attorney-in-Fact for Laela Sturdy
Issuer symbol
DUOL
Transactions as of
27 Jul 2021
Net transactions value
$0
Form type
3
Filing time
27 Jul 2021, 21:07:05 UTC
Next filing
17 Dec 2021
SEC
View on sec.gov

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 40,000 $52.80 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 25% of the shares subject to the option vest immediately on March 12, 2021 (the "Vesting Commencement Date"), and 1/3rd of the remaining shares vest annually thereafter, such that 100% of the shares subject to the option will be fully vested and exercisable on the third anniversary of the Vesting Commencement Date.

Remarks:

Exhibit 24.1 Power of Attorney