Gillian Munson - Mar 20, 2025 Form 4 Insider Report for Duolingo, Inc. (DUOL)

Role
Director
Signature
/s/ Stephen Chen, as Attorney-in-Fact for Gillian Munson
Stock symbol
DUOL
Transactions as of
Mar 20, 2025
Transactions value $
-$1,509,250
Form type
4
Date filed
3/21/2025, 07:00 PM
Previous filing
Mar 4, 2025
Next filing
Apr 8, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DUOL Class A Common Stock Options Exercise $40.8K +5K +141.64% $8.15 8.53K Mar 20, 2025 Direct
transaction DUOL Class A Common Stock Sale -$1.55M -5K -58.62% $310.00 3.53K Mar 20, 2025 Direct F1

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 Option (Right to Buy) Options Exercise $0 -5K -20% $0.00 20K Mar 20, 2025 Class A Common Stock 5K $8.15 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sale was effected pursuant to the Reporting Person's Rule 10b5-1 trading plan adopted on December 7, 2024.
F2 The shares subject to the option are fully vested and exercisable.