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Duolingo, Inc. — Director's Dealing 2023
Mar 3, 2023
30402_dirs_2023-03-03_021ca90f-0879-4c22-b1ad-5e3886f814b4.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Duolingo, Inc. (DUOL)
CIK: 0001562088
Period of Report: 2023-03-02
Reporting Person: Glance Natalie (Chief Engineering Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-03-02 | Class A Common Stock | M | 2658 | $7.48 | Acquired | 136856 | Direct |
| 2023-03-02 | Class A Common Stock | M | 8751 | $8.15 | Acquired | 145607 | Direct |
| 2023-03-02 | Class A Common Stock | M | 15591 | $14.42 | Acquired | 161198 | Direct |
| 2023-03-02 | Class A Common Stock | S | 25557 | $118.3042 | Disposed | 135641 | Direct |
| 2023-03-02 | Class A Common Stock | S | 1443 | $119.068 | Disposed | 134198 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-03-02 | Stock Option (Right to Buy) | $7.48 | M | 2658 | Disposed | 2029-06-27 | Class A Common Stock (2658.0) | Direct |
| 2023-03-02 | Stock Option (Right to Buy) | $8.15 | M | 8751 | Disposed | 2029-09-25 | Class A Common Stock (8751.0) | Direct |
| 2023-03-02 | Stock Option (Right to Buy) | $14.42 | M | 15591 | Disposed | 2030-03-10 | Class A Common Stock (15591.0) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Class A Common Stock | 130 | Indirect |
Footnotes
F1: The sale was effected pursuant to the Reporting Person's Rule 10b5-1 trading plan.
F2: The price reported in Column 4 is a weighted average sale price calculated by the broker executing the sales. These shares were sold in multiple transactions at prices ranging from $118.00 to $118.99, inclusive. The Reporting Person hereby undertakes to provide to the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.
F3: The price reported in Column 4 is a weighted average sale price calculated by the broker executing the sales. These shares were sold in multiple transactions at prices ranging from $119.00 to $119.16, inclusive. The Reporting Person hereby undertakes to provide to the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.
F4: The shares subject to the option are fully vested and exercisable.