Shelton James H 4
4 · Duolingo, Inc. · Filed Jun 15, 2023
Insider Transaction Report
Form 4
Duolingo, Inc.DUOL
Shelton James H
Director
Transactions
- Sale
Class A Common Stock
2023-06-14$151.63/sh−1,900$288,099→ 11,337 total - Sale
Class A Common Stock
2023-06-14$153.75/sh−3,200$492,010→ 5,733 total - Sale
Class A Common Stock
2023-06-14$154.64/sh−2,496$385,989→ 3,237 total - Sale
Class A Common Stock
2023-06-14$152.71/sh−2,404$367,118→ 8,933 total - Exercise/Conversion
Class A Common Stock
2023-06-14$22.91/sh+10,000$229,100→ 13,237 total - Exercise/Conversion
Stock Option (Right to Buy)
2023-06-14−10,000→ 30,000 totalExercise: $22.91Exp: 2030-09-23→ Class A Common Stock (10,000 underlying)
Footnotes (6)
- [F1]The sales reported in this Form 4 were effected pursuant to the Reporting Person's Rule 10b5-1 trading plan adopted on March 15, 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 $151.01 to $152.00, 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 $152.14 to $153.13, 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 $153.26 to $154.24, 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 $154.29 to $154.94, 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.
- [F6]25% of the shares subject to the option vest annually measured from September 2, 2020 (the "Vesting Commencement Date"), 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.