von Ahn Luis 4

What Happened

• Luis von Ahn, Duolingo founder and reported 10% owner, reported multiple May 11, 2026 transactions involving conversion of derivative securities and a gift. The filing shows: a conversion (Code C) resulting in acquisition of 50,000 shares at $0.00, a gift (Code G) disposing of 50,000 shares at $0.00, and a conversion (Code C) disposing of 50,000 derivative-related shares at $0.00. No cash changed hands in these reported events.

Key Details

• Transaction dates and prices: all transactions dated 2026-05-11, price listed $0.00 for each.
• Specifics reported: +50,000 shares (conversion/acquisition), -50,000 shares (gift/disposition), -50,000 shares (conversion/derivative disposition).
• Shares owned after transaction: not specified in the Form 4 excerpt.
• Filing timeliness: Form 4 filed 2026-05-13 for transactions on 2026-05-11 — appears timely (within the typical 2-business-day reporting window).
• Relevant footnote: F1 — Each Class B share is convertible into one share of Class A common stock at the holder’s option and will convert automatically on certain transfers (including most transfers), if Class B falls below 5% of total common, or upon the holder’s death.

Context

• Conversion explanation: The filing reflects conversions of Class B common stock (derivative conversion) into Class A common stock per the issuer’s charter; reported at $0 because conversion is not a cash purchase.
• Gift note: A gift is a transfer and does not necessarily indicate the insider’s view of the company’s prospects.
• Ownership note: As a reported 10% owner and founder, von Ahn’s transactions reflect owner-level transfers rather than routine employee buy/sell signals.