Duolingo (DUOL) General Counsel Stephen Chen Sells 1,024 Shares

What Happened
Stephen C. Chen, General Counsel of Duolingo, sold 1,024 shares on August 17, 2026 at $129.13 per share, generating proceeds of approximately $132,229. The sale was reported on a Form 4 filed August 19, 2026. This was a sale (not a purchase) and was done to cover tax withholding obligations related to the vesting of restricted stock units.

Key Details

• Transaction date: 2026-08-17; price: $129.13 per share; shares sold: 1,024; total proceeds ≈ $132,229.
• Transaction type/code: Sale (S) — open market or private sale as reported.
• Shares owned after transaction: Not specified in the filing.
• Footnote: F1 — Shares were automatically sold to satisfy tax withholding on RSU vesting.
• Filing date: Form 4 filed on 2026-08-19 (within the typical 2-business-day reporting window).

Context
This was an automatic sell-to-cover for tax withholding tied to RSU vesting, a common administrative transaction that does not necessarily signal the insider’s view on the company’s stock. Such routine tax-withholding sales are different from discretionary open-market purchases or planned sales under 10b5-1 arrangements.