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Duolingo, Inc. — Director's Dealing 2024
Jun 5, 2024
30402_dirs_2024-06-05_173d1fda-d7b6-4b8b-a727-013d65efbad2.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: 2024-06-03
Reporting Person: Skaruppa Matthew (Chief Financial Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-06-03 | Class A Common Stock | M | 8000 | $14.42 | Acquired | 94709 | Direct |
| 2024-06-03 | Class A Common Stock | S | 1800 | $192.7391 | Disposed | 92909 | Direct |
| 2024-06-03 | Class A Common Stock | S | 1344 | $193.8885 | Disposed | 91565 | Direct |
| 2024-06-03 | Class A Common Stock | S | 100 | $194.80 | Disposed | 91465 | Direct |
| 2024-06-03 | Class A Common Stock | S | 592 | $196.4539 | Disposed | 90873 | Direct |
| 2024-06-03 | Class A Common Stock | S | 1176 | $197.4416 | Disposed | 89697 | Direct |
| 2024-06-03 | Class A Common Stock | S | 771 | $198.3891 | Disposed | 88926 | Direct |
| 2024-06-03 | Class A Common Stock | S | 1300 | $199.3488 | Disposed | 87626 | Direct |
| 2024-06-03 | Class A Common Stock | S | 917 | $200.2214 | Disposed | 86709 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-06-03 | Stock Option (Right to Buy) | $14.42 | M | 8000 | Disposed | 2030-03-10 | Class A Common Stock (8000) | Direct |
Footnotes
F1: The sale was effected pursuant to the Reporting Person's Rule 10b5-1 trading plan adopted on June 9, 2023.
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 $192.31 to $193.26, 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 $193.48 to $194.40, 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 $195.95 to $196.94, 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 $196.95 to $197.92, 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 $197.95 to $198.88, 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 $198.98 to $199.80, 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 $200.04 to $200.47, 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.