Duolingo, Inc. — Director's Dealing 2021

Jul 28, 2021

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: Duolingo, Inc. (DUOL)
CIK: 0001562088
Period of Report: 2021-07-27

Reporting Person: Meese Robert (Chief Business Officer)

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	199670	Direct
Class A Common Stock	1800	Indirect
Class A Common Stock	1800	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (Right to Buy)	$8.15	2029-09-25	Class A Common Stock (25000.0)		Direct
Stock Option (Right to Buy)	$14.42	2030-03-10	Class A Common Stock (10000.0)		Direct
Stock Option (Right to Buy)	$22.91	2030-09-23	Class A Common Stock (20000.0)		Direct

Footnotes

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.