Meese Robert 4

What Happened

• Robert Meese, Chief Business Officer of Duolingo, exercised stock options on March 13, 2026 to acquire a total of 30,000 common shares. The exercise occurred in three tranches: 4,375 shares at $8.15 ($35,656), 5,625 shares at $14.42 ($81,113), and 20,000 shares at $22.91 ($458,200), for a combined cash outlay of $574,969. The filing also shows corresponding derivative dispositions at $0, which reflect the conversion/settlement of the option instruments into underlying shares.

Key Details

• Transaction date: 2026-03-13 (filed 2026-03-16 — filing appears timely)
• Lots: 4,375 @ $8.15 = $35,656; 5,625 @ $14.42 = $81,113; 20,000 @ $22.91 = $458,200
• Total shares acquired: 30,000; total cash paid: $574,969
• Shares owned after the transaction: not specified in this Form 4
• Footnotes: Some shares are held in Eliot Meese and Isaac Meese Qualified Minor’s Trusts (F1, F2). The options exercised were fully vested and exercisable (F3).
• No immediate sale reported — this was an exercise (purchase) rather than a sale.

Context

• This filing documents an option exercise (transaction code M). The $0 "disposed" entries relate to the option instruments being converted into shares, not a market sale of stock. Because there’s no sale reported, this transaction increases Meese’s direct share count rather than signaling an immediate monetization.