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Duolingo, Inc. — Director's Dealing 2021
Jul 28, 2021
30402_dirs_2021-07-27_649229c1-0201-4ebc-8813-f0684d056685.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: Duolingo, Inc. (DUOL)
CIK: 0001562088
Period of Report: 2021-07-27
Reporting Person: Glance Natalie (SVP, Engineering)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Class A Common Stock | 50000 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Option (Right to Buy) | $2.23 | 2025-02-27 | Class A Common Stock (140333.0) | Direct | |
| Stock Option (Right to Buy) | $5.0 | 2027-04-07 | Class A Common Stock (39667.0) | Direct | |
| Stock Option (Right to Buy) | $7.11 | 2028-04-20 | Class A Common Stock (24000.0) | Direct | |
| Stock Option (Right to Buy) | $7.48 | 2029-06-27 | Class A Common Stock (10125.0) | Direct | |
| Stock Option (Right to Buy) | $8.15 | 2029-09-25 | Class A Common Stock (14000.0) | Direct | |
| Stock Option (Right to Buy) | $14.42 | 2030-03-10 | Class A Common Stock (29970.0) | Direct | |
| Stock Option (Right to Buy) | $14.42 | 2030-03-10 | Class A Common Stock (10000.0) | Direct |
Footnotes
F1: 25% of the shares subject to the option vest on the first anniversary measured from February 27, 2015 (the "Vesting Commencement Date"), and 1/48th of the total number of shares vest monthly thereafter, 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.
F2: 1/48th of the shares subject to the option vest on each monthly anniversary measured from February 22, 2017 (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.
F3: 1/48th of the shares subject to the option vest on each monthly anniversary measured from February 27, 2018 (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.
F4: 1/36th of the shares subject to the option vest on each monthly anniversary measured from February 27, 2019 (the "Vesting Commencement Date"), 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.
F5: 1/36th of the shares subject to the option vest on each monthly anniversary measured from June 27, 2019 (the "Vesting Commencement Date"), 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.
F6: 1/36th of the shares subject to the option vest on each monthly anniversary measured from February 27, 2020 (the "Vesting Commencement Date"), 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.
F7: 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.