CapitalG 2015 GP LLC 4
4 · Duolingo, Inc. · Filed Aug 2, 2021
Insider Transaction Report
Form 4
Duolingo, Inc.DUOL
CapitalG 2014 LP
10% Owner
Transactions
- Conversion
Series F Preferred Stock
2021-07-30−758,146→ 0 total(indirect: See footnotes)→ Class B Common Stock (758,146 underlying) - Conversion
Class A Common Stock
2021-07-30+356,152→ 356,152 total(indirect: See footnotes) - Conversion
Class B Common Stock
2021-07-30+1,690,436→ 1,690,436 total(indirect: See footnotes)→ Class A Common Stock (1,690,436 underlying) - Conversion
Series D Preferred Stock
2021-07-30−1,690,436→ 0 total(indirect: See footnotes)→ Class B Common Stock (1,690,436 underlying) - Conversion
Class B Common Stock
2021-07-30−356,152→ 1,334,284 total(indirect: See footnotes)→ Class A Common Stock (356,152 underlying) - Conversion
Class B Common Stock
2021-07-30+1,112,941→ 1,112,941 total(indirect: See footnotes)→ Class A Common Stock (1,112,941 underlying) - Conversion
Class B Common Stock
2021-07-30+758,146→ 758,146 total(indirect: See footnotes)→ Class A Common Stock (758,146 underlying) - Sale
Class A Common Stock
2021-07-30$102.00/sh−356,152$36,327,504→ 0 total(indirect: See footnotes) - Conversion
Series D Preferred Stock
2021-07-30−1,112,941→ 0 total(indirect: See footnotes)→ Class B Common Stock (1,112,941 underlying)
Footnotes (6)
- [F1]Each share of Class B Common Stock is convertible at any time at the option of the Reporting Person into one share of Class A Common Stock and has no expiration date. Each share of Class B Common Stock will convert automatically into one share of Class A Common Stock in connection with: (i) any transfer, whether or not for value, except for certain permitted transfers further described in the Issuer's amended and restated certificate of incorporation and (ii) such time as the aggregate number of shares of Class B Common Stock outstanding ceases to represent 5% of the aggregate number of shares of Common Stock outstanding.
- [F2]Shares held by CapitalG 2014 LP. CapitalG 2014 GP LLC, the general partner of CapitalG 2014 LP, Alphabet Holdings LLC, the managing member of CapitalG 2014 GP LLC, XXVI Holdings Inc., the managing member of Alphabet Holdings LLC, and Alphabet Inc., the controlling stockholder of XXVI Holdings Inc., may each be deemed to have sole voting and dispositive power with respect to the shares held directly by CapitalG 2014 LP.
- [F3]Each of CapitalG 2014 GP LLC, CapitalG 2015 GP LLC, CapitalG II GP LLC, Alphabet Holdings LLC, XXVI Holdings Inc., and Alphabet Inc. disclaims beneficial ownership of these shares, except to the extent of any pecuniary interest therein.
- [F4]Each share of Series D Preferred Stock and Series F Preferred Stock automatically converted on a 1-for-1 basis into the Issuer's Class B Common Stock immediately prior to the closing of the Issuer's initial public offering.
- [F5]Shares held by CapitalG 2015 LP. CapitalG 2015 GP LLC, the general partner of CapitalG 2015 LP, Alphabet Holdings LLC, the managing member of CapitalG 2015 GP LLC, XXVI Holdings Inc., the managing member of Alphabet Holdings LLC, and Alphabet Inc., the controlling stockholder of XXVI Holdings Inc., may each be deemed to have sole voting and dispositive power with respect to the shares held directly by CapitalG 2015 LP.
- [F6]Shares held by CapitalG II LP. CapitalG II GP LLC, the general partner of CapitalG II LP, Alphabet Holdings LLC, the managing member of CapitalG II GP LLC, XXVI Holdings Inc., the managing member of Alphabet Holdings LLC, and Alphabet Inc., the controlling stockholder of XXVI Holdings Inc., may each be deemed to have sole voting and dispositive power with respect to the shares held directly by CapitalG II LP.