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 May 16, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On May 16, 2025, Matthew Skaruppa, the CFO of Duolingo, sold shares of Class A Common Stock.
• The sales were executed under a Rule 10b5-1 trading plan adopted on May 22, 2024.
• A total of 3,573 shares were sold in multiple transactions at varying prices.
• The prices ranged from $525.84 to $531.46 per share.
• Following the reported transactions, Skaruppa directly owns 58,223 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating insider trading activity. The sentiment is neutral as it simply reports transactions without expressing any positive or negative outlook.

Industry Context

Insider sales are a common occurrence, especially when executed under pre-arranged trading plans like Rule 10b5-1, which allows corporate insiders to sell company stock without being accused of trading on non-public information. The market typically views these sales in the context of the executive's overall holdings and the reasons behind the trading plan.

Stakeholder Impact

• The stock sale by a high-ranking executive could potentially create uncertainty among shareholders, although the existence of a 10b5-1 plan mitigates this concern.

Key Dates

Keywords

Form 4, Duolingo, Skaruppa, insider trading, Rule 10b5-1, stock sale, CFO, DUOL