Form 4: Duolingo Chief Engineering Officer Sells Shares Under 10b5-1 Plan

Natalie Glance, Chief Engineering Officer at Duolingo, sold a total of 1,500 Class A Common Stock shares on December 6, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• Natalie Glance, Duolingo's Chief Engineering Officer, sold 1,500 shares of Class A Common Stock on December 6, 2024.
• The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on September 5, 2023.
• The shares were sold in multiple transactions at weighted average prices ranging from $367.9706 to $371.86.
• Following these transactions, Ms. Glance directly owns 132,239 shares of Class A Common Stock and indirectly owns 130 shares through her son.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing for insider trading under a pre-arranged plan, which is neither positive nor negative for the company's performance.

Industry Context

This is a routine filing for insider transactions and is common for executives who have pre-arranged trading plans. It does not indicate any specific company performance or outlook.

Comparison to Industry Standards

• Sales by executives under 10b5-1 plans are a common practice across publicly traded companies, including tech firms like Duolingo.
• These plans allow insiders to sell shares without being accused of trading on non-public information.
• The volume of shares sold by Ms. Glance is relatively small compared to the total outstanding shares of Duolingo.

Stakeholder Impact

• The stock sale by an executive may have a minor impact on shareholder sentiment, but it is unlikely to significantly affect the stock price due to the pre-planned nature of the transactions.

Key Dates

Keywords

Duolingo, insider trading, Form 4, stock sale, Natalie Glance, 10b5-1 plan, Class A Common Stock, Chief Engineering Officer