Severin Hacker - 30 Jul 2021 Form 4 Insider Report for Duolingo, Inc. (DUOL)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
02 Aug 2021, 21:48:32 UTC
Prior SEC filing
27 Jul 2021
Next SEC filing
22 Sep 2021
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Matthew Skaruppa, as Attorney-in-Fact for Severin Hacker

Key filing fact

Severin Hacker filed Form 4 for Duolingo, Inc. (DUOL) on 02 Aug 2021.

Key facts

  • This page summarizes Severin Hacker's Form 4 filing for Duolingo, Inc. (DUOL).
  • 3 reported transactions and 2 derivative rows are listed below.
  • Accepted by SEC: 02 Aug 2021, 21:48.

Change

  • Previous filing in this sequence was filed on 27 Jul 2021.
  • Current net transaction value: -$5,100,000.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

DUOL transaction

Class A Common Stock

Conversion of derivative security

Transaction value
$0
Shares
+50,000
Change %
Price
$0.000000
Shares after
50,000
Date
30 Jul 2021
Ownership
See footnote
Footnotes
F1, F2
DUOL transaction

Class A Common Stock

Sale

Transaction value
$5,100,000
Shares
-50,000
Change %
-100%
Price
$102.00
Shares after
0
Date
30 Jul 2021
Ownership
See footnote
Footnotes
F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

DUOL transaction Derivative

Class B Common Stock

Conversion of derivative security

Transaction value
Shares
-50,000
Change %
-1.4%
Price
Shares after
3,407,417
Date
30 Jul 2021
Ownership
See footnote
Underlying class
Class A Common Stock
Underlying amount
50,000
Exercise price
Footnotes
F1, F2
DUOL holding Derivative

Class B Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
15,500
Date
30 Jul 2021
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
15,500
Exercise price
Footnotes
F1
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 2 footnotes

Footnote F1

Each share of Class B Common Stock is convertible at any time at the option of the Reporting Person into one share of Class A Common Stock and has no expiration date. Each share of Class B Common Stock will convert automatically into one share of Class A Common Stock in connection with: (i) any transfer, whether or not for value, except for certain permitted transfers further described in the Issuer's amended and restated certificate of incorporation, (ii) such time as the aggregate number of shares of Class B Common Stock outstanding ceases to represent 5% of the aggregate number of shares of Common Stock outstanding, and (iii) the death of the Reporting Person.

Footnote F2

Shares held by SBH Trust dated March 10, 2020, of which Reporting Person is Trustee.

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