Form 4: Duolingo CFO Matthew Skaruppa Sells Shares to Cover Tax Obligations

Duolingo's Chief Financial Officer, Matthew Skaruppa, sold 3,284 shares of Class A Common Stock on February 18, 2025, to cover tax withholding obligations related to vesting Restricted Stock Units.

Summary

• On February 18, 2025, Matthew Skaruppa, the Chief Financial Officer of Duolingo, Inc., sold 3,284 shares of Class A Common Stock.
• The sale was executed at a price of $435.28 per share.
• This transaction was conducted to satisfy tax withholding obligations associated with the vesting of Restricted Stock Units (RSUs).
• Following the transaction, Skaruppa directly owns 59,982 shares of Duolingo's Class A Common Stock.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (sale of shares for tax obligations) by a company executive, which is neither particularly positive nor negative.

Industry Context

Sales of shares by company executives are a common occurrence, often related to compensation and tax obligations. The sale itself is unlikely to have a significant impact on the company's overall performance or stock valuation.

Stakeholder Impact

• The sale of shares by an executive could have a minor psychological impact on shareholders, but the transaction is unlikely to have a material impact on the company's operations or financial condition.

Key Dates