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Duolingo, Inc. — Director's Dealing 2024
Oct 3, 2024
30402_dirs_2024-10-03_ff17e758-bc25-408c-a09b-a1a199906ca1.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: 2024-10-01
Reporting Person: Skaruppa Matthew (Chief Financial Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-10-01 | Class A Common Stock | M | 14000 | $14.42 | Acquired | 102856 | Direct |
| 2024-10-01 | Class A Common Stock | S | 2004 | $279.3928 | Disposed | 100852 | Direct |
| 2024-10-01 | Class A Common Stock | S | 4427 | $280.3771 | Disposed | 96425 | Direct |
| 2024-10-01 | Class A Common Stock | S | 5880 | $281.3084 | Disposed | 90545 | Direct |
| 2024-10-01 | Class A Common Stock | S | 1189 | $282.2166 | Disposed | 89356 | Direct |
| 2024-10-01 | Class A Common Stock | S | 500 | $283.074 | Disposed | 88856 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-10-01 | 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 $278.83 to $279.82, 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 $279.83 to $280.79, 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 $280.85 to $281.82, 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 $281.86 to $282.75, 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 $282.96 to $283.18, 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 shares subject to the option are fully vested and exercisable.