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Duolingo, Inc. — Director's Dealing 2024
Nov 5, 2024
30402_dirs_2024-11-05_38244fbc-dcbc-4e4e-a2ed-c99025f5d4ea.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: 2024-11-01
Reporting Person: Skaruppa Matthew (Chief Financial Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-11-01 | Class A Common Stock | M | 14000 | $14.42 | Acquired | 102856 | Direct |
| 2024-11-01 | Class A Common Stock | S | 2200 | $291.4138 | Disposed | 100656 | Direct |
| 2024-11-01 | Class A Common Stock | S | 5082 | $292.3408 | Disposed | 95574 | Direct |
| 2024-11-01 | Class A Common Stock | S | 2805 | $293.3413 | Disposed | 92769 | Direct |
| 2024-11-01 | Class A Common Stock | S | 2013 | $294.4105 | Disposed | 90756 | Direct |
| 2024-11-01 | Class A Common Stock | S | 877 | $295.7635 | Disposed | 89879 | Direct |
| 2024-11-01 | Class A Common Stock | S | 723 | $296.7974 | Disposed | 89156 | Direct |
| 2024-11-01 | Class A Common Stock | S | 300 | $297.3333 | Disposed | 88856 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-11-01 | Stock Option (Right to Buy) | $14.42 | M | 14000 | Disposed | 2030-03-10 | Class A Common Stock (14000) | Direct |
Footnotes
F1: The sale was effected pursuant to the Reporting Person's Rule 10b5-1 trading plan adopted on May 22, 2024.
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 $290.93 to $291.84, 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 $291.94 to $292.93, 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 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 $292.94 to $293.91, 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.
F5: 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 $293.98 to $294.96, 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.
F6: 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 $295.15 to $296.09, 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.
F7: 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 $296.23 to $296.97, 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.
F8: 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 $297.27 to $297.45, 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.
F9: The shares subject to the option are fully vested and exercisable.