Stephen C. Chen - Jul 27, 2021 Form 3 Insider Report for Duolingo, Inc. (DUOL)

Role
General Counsel
Signature
Matthew Skaruppa, as Attorney-in-Fact for Stephen C. Chen
Stock symbol
DUOL
Transactions as of
Jul 27, 2021
Transactions value $
$0
Form type
3
Date filed
7/27/2021, 09:01 PM
Next filing
Sep 22, 2021

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
holding DUOL Stock Option (Right to Buy) Jul 27, 2021 Class A Common Stock 140K $14.42 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 25% of the shares subject to the option vest on the first anniversary measured from March 2, 2020 (the "Vesting Commencement Date"), and 1/48th of the total number of shares vest monthly thereafter, 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.

Remarks:

Exhibit 24.1 Power of Attorney