Form 4: Duolingo Director John Osborne Lilly III Reports Acquisition of Class A Common Stock

Director John Osborne Lilly III reports acquiring 895 shares of Duolingo Class A Common Stock and disposing of 0 shares on June 12, 2024.

Summary

• On June 12, 2024, John Osborne Lilly III, a director of Duolingo, Inc., acquired 895 shares of Class A Common Stock.
• The acquisition was made at a price of $0 per share.
• These shares were obtained through restricted stock units (RSUs) which vest on the earlier of the first anniversary of the grant date or the date of the next annual meeting, contingent upon continued service to the Issuer.
• Following the transaction, Lilly III directly owns 6,525 shares of Duolingo's Class A Common Stock.

Sentiment

Score: 5

Explanation: This is a neutral regulatory filing. It simply reports a transaction and doesn't inherently indicate positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to insider transactions, which are common in publicly traded companies. It provides transparency into the holdings and transactions of company insiders.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it is a routine acquisition of shares by a director.

Key Dates