0001562088-23-000130.txt : 20230605
0001562088-23-000130.hdr.sgml : 20230605
20230605161618
ACCESSION NUMBER: 0001562088-23-000130
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230601
FILED AS OF DATE: 20230605
DATE AS OF CHANGE: 20230605
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Skaruppa Matthew
CENTRAL INDEX KEY: 0001869669
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-40653
FILM NUMBER: 23992688
MAIL ADDRESS:
STREET 1: C/O DUOLINGO, INC.
STREET 2: 5900 PENN AVE.
CITY: PITTSBURGH
STATE: PA
ZIP: 15206
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Duolingo, Inc.
CENTRAL INDEX KEY: 0001562088
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372]
IRS NUMBER: 453055872
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 5900 PENN AVE, SECOND FLOOR
CITY: PITTSBURGH
STATE: PA
ZIP: 15206
BUSINESS PHONE: (412) 347-6116
MAIL ADDRESS:
STREET 1: 5900 PENN AVE, SECOND FLOOR
CITY: PITTSBURGH
STATE: PA
ZIP: 15206
4
1
wk-form4_1685996162.xml
FORM 4
X0407
4
2023-06-01
0
0001562088
Duolingo, Inc.
DUOL
0001869669
Skaruppa Matthew
C/O DUOLINGO, INC.
5900 PENN AVENUE
PITTSBURGH
PA
15206
0
1
0
0
Chief Financial Officer
1
Class A Common Stock
2023-06-01
4
M
0
5000
14.42
A
67461
D
Class A Common Stock
2023-06-01
4
S
0
300
149.3433
D
67161
D
Class A Common Stock
2023-06-01
4
S
0
400
150.8816
D
66761
D
Class A Common Stock
2023-06-01
4
S
0
400
151.7776
D
66361
D
Class A Common Stock
2023-06-01
4
S
0
1753
153.7237
D
64608
D
Class A Common Stock
2023-06-01
4
S
0
1047
154.7835
D
63561
D
Class A Common Stock
2023-06-01
4
S
0
1100
155.6955
D
62461
D
Stock Option (Right to Buy)
14.42
2023-06-01
4
M
0
5000
0
D
2030-03-10
Class A Common Stock
5000
198163
D
The sale was effected pursuant to the Reporting Person's Rule 10b5-1 trading plan adopted on September 8, 2022.
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 $148.85 to $149.79, 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.
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 $150.48 to $151.45, 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.
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 $151.57 to $152.05, 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.
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 $153.15 to $154.11, 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.
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 $154.16 to $155.12, 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.
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 $155.17 to $156.04, 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.
25% of the shares subject to the option vest on the first anniversary measured from February 24, 2020 (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.
/s/ Stephen Chen, as Attorney-in-Fact for Matthew Skaruppa
2023-06-05