Form 4: Duolingo CFO Matthew Skaruppa Sells Shares Under 10b5-1 Trading Plan

Duolingo's Chief Financial Officer, Matthew Skaruppa, executed multiple sales of Class A Common Stock on February 19, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• Matthew Skaruppa, the CFO of Duolingo, sold shares of Class A Common Stock on February 19, 2025.
• The sales were executed under a Rule 10b5-1 trading plan adopted on May 22, 2024.
• A total of 4,591 shares were sold in multiple transactions at varying prices.
• The weighted average sale prices ranged from $430.295 to $435.4238 per share.
• Following the reported transactions, Skaruppa directly owns 56,391 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to insider trading under a pre-arranged plan, so it doesn't convey strong positive or negative sentiment. It's a neutral disclosure.

Industry Context

Insider selling is a common occurrence, and the use of 10b5-1 plans allows corporate insiders to sell shares over a predetermined period while avoiding accusations of trading on non-public information. Investors often monitor these filings to gauge executive sentiment and potential future stock performance.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders, potentially creating slight downward pressure on the stock price in the short term.

Key Dates