Robert Meese - Apr 29, 2022 Form 4 Insider Report for Duolingo, Inc. (DUOL)

Role
Chief Business Officer
Signature
/s/ Stephen Chen, as Attorney-in-Fact for Robert Meese
Stock symbol
DUOL
Transactions as of
Apr 29, 2022
Transactions value $
$190,431
Form type
4
Date filed
5/3/2022, 07:21 PM
Previous filing
Feb 24, 2022
Next filing
May 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DUOL Class A Common Stock Options Exercise $125K +15.4K +8.62% $8.15* 193K Apr 29, 2022 Direct
transaction DUOL Class A Common Stock Options Exercise $63.1K +4.38K +2.26% $14.42* 198K May 3, 2022 Direct
transaction DUOL Class A Common Stock Options Exercise $2.19K +269 +0.14% $8.15* 198K May 3, 2022 Direct
holding DUOL Class A Common Stock 1.8K Apr 29, 2022 See footnote F1
holding DUOL Class A Common Stock 1.8K Apr 29, 2022 See footnote F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction DUOL Stock Options Options Exercise $0 -15.4K -61.42% $0.00 9.64K Apr 29, 2022 Class A Common Stock 15.4K $8.15 Direct F3
transaction DUOL Stock Options Options Exercise $0 -4.38K -43.75% $0.00 5.63K May 3, 2022 Class A Common Stock 4.38K $14.42 Direct F4
transaction DUOL Stock Options Options Exercise $0 -269 -2.79% $0.00 9.38K May 3, 2022 Class A Common Stock 269 $8.15 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares held by Eliot Meese Qualified Minor's Trust.
F2 Shares held by Isaac Meese Qualified Minor's Trust.
F3 1/24th of the shares subject to the option vest on each monthly anniversary measured from September 6, 2020 (the "Vesting Commencement Date"), such that 100% of the shares subject to the option will be fully vested and exercisable on the second anniversary of the Vesting Commencement Date.
F4 1/48th of the shares subject to the option vest on each monthly anniversary measured from March 9, 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.