Form 4: Duolingo CEO Luis von Ahn Executes Stock Option and Sells Shares Under 10b5-1 Plan

Duolingo's CEO, Luis von Ahn, exercised a stock option and sold Class A Common Stock under a pre-arranged 10b5-1 trading plan on February 18, 2025.

Summary

• On February 18, 2025, Luis von Ahn, CEO and Co-Founder of Duolingo, Inc., executed a stock option to acquire 8,000 shares of Class A Common Stock at a price of $7.48 per share.
• Simultaneously, von Ahn sold a total of 8,000 shares of Class A Common Stock in multiple transactions.
• The sales were executed at weighted average prices ranging from $428.8471 to $441.2858 per share.
• These transactions were conducted under a pre-arranged Rule 10b5-1 trading plan adopted on September 12, 2024.
• Following these transactions, von Ahn directly holds 0 shares of Class A Common Stock and 3,154,171 shares of Class B Common Stock.
• Each share of Class B Common Stock is convertible into one share of Class A Common Stock.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

This filing is a routine disclosure of insider transactions and doesn't necessarily reflect broader industry trends. However, it's common for executives to utilize 10b5-1 plans to diversify their holdings and manage personal finances.

Comparison to Industry Standards

• Executive compensation and stock ownership structures vary widely across the tech industry.
• Comparing von Ahn's holdings and trading activity to peers at companies like Coursera, Udemy, or Khan Academy would provide a more comprehensive understanding of his position relative to industry norms.
• The use of 10b5-1 trading plans is a standard practice among public company executives to avoid accusations of insider trading.

Stakeholder Impact

• The stock sale could have a minor impact on shareholders, depending on market perception.
• The transactions do not directly impact employees, customers, suppliers, or creditors.

Key Dates

Keywords

Form 4, Duolingo, Luis von Ahn, Stock Sale, Class A Common Stock, Class B Common Stock, 10b5-1 Trading Plan, Insider Trading