Form 4: Duolingo Director Amy Bohutinsky Executes Stock Option and Sells Shares

Amy Bohutinsky, a director at Duolingo, exercised stock options and sold shares of Class A Common Stock on March 5, 2024, according to a recent SEC Form 4 filing.

Summary

• On March 5, 2024, Amy Bohutinsky, a director of Duolingo, Inc., exercised a stock option to acquire 15,000 shares of Class A Common Stock at a price of $16.27 per share.
• Following the exercise of the option, Bohutinsky sold a total of 15,000 shares of Class A Common Stock in a series of transactions.
• The sales were executed at weighted average prices ranging from $200.2526 to $217.3967 per share.
• These sales were conducted under a pre-arranged Rule 10b5-1 trading plan adopted on December 4, 2023.
• After these transactions, Bohutinsky directly owns 4,253 shares of Class A Common Stock and 25,000 derivative securities (stock options).

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 performance.

Industry Context

This filing is a routine disclosure of insider transactions and provides insight into the trading activities of Duolingo's directors. It is common for executives to utilize 10b5-1 trading plans to manage their stock sales and avoid accusations of insider trading.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the increased supply of shares in the market.
• The filing provides transparency to stakeholders regarding insider trading activities.

Key Dates