Severin Hacker - Dec 14, 2021 Form 4 Insider Report for Duolingo, Inc. (DUOL)

Role
Chief Technology Officer,, Director, Co-Founder, 10%+ Owner
Signature
/s/ Stephen Chen, as Attorney-in-Fact for Severin Hacker
Stock symbol
DUOL
Transactions as of
Dec 14, 2021
Transactions value $
$0
Form type
4
Date filed
2/10/2022, 04:39 PM
Previous filing
Dec 10, 2021
Next filing
Jun 3, 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DUOL Class A Common Stock Conversion of derivative security $0 +6K $0.00 6K Dec 14, 2021 See footnote F1
transaction DUOL Class A Common Stock Gift $0 -6K -100% $0.00* 0 Dec 14, 2021 See footnote F1
holding DUOL Class A Common Stock 72 Dec 14, 2021 Direct

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 Class B Common Stock Conversion of derivative security $0 -6K -0.18% $0.00 3.37M Dec 14, 2021 Class A Common Stock 6K See footnote F1, F2
holding DUOL Class B Common Stock 15.5K Dec 14, 2021 Class A Common Stock 15.5K Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares held by SBH Trust dated March 10, 2020, of which Reporting Person is Trustee.
F2 Each share of Class B Common Stock is convertible at any time at the option of the Reporting Person into one share of Class A Common Stock and has no expiration date. Each share of Class B Common Stock will convert automatically into one share of Class A Common Stock in connection with: (i) any transfer, whether or not for value, except for certain permitted transfers further described in the Issuer's amended and restated certificate of incorporation, (ii) such time as the aggregate number of shares of Class B Common Stock outstanding ceases to represent 5% of the aggregate number of shares of Common Stock outstanding, and (iii) the death of the Reporting Person.