4/A: Duolingo Executive Severin Hacker Amends SEC Filing After Stock Transaction
SEC Filing Amendment
Duolingo's Chief Technology Officer, Severin Hacker, amended a previous SEC filing to correct the number of Class B common stock disposed of and the number of Class B common stock directly beneficially owned following a transaction.
Summary
- Severin Hacker, Chief Technology Officer and Co-Founder of Duolingo, filed an amended Form 4 with the SEC.
- The amendment corrects a previous filing regarding a transaction involving Class B common stock.
- The transaction occurred on November 22, 2024, and involved the disposal of 15,885 shares of Class B common stock.
- The amended filing clarifies the number of Class B shares disposed of and the number of Class B shares directly owned by Mr. Hacker after the transaction.
- Following the transaction, Mr. Hacker directly owns 57,845 shares of Class B common stock.
- Each share of Class B common stock is convertible into one share of Class A common stock.
Sentiment
Score: 7
Explanation: The document is a routine correction of a previous filing, which is neutral in sentiment. The correction is a positive action to ensure accuracy.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in the tech industry and required by the SEC.
Comparison to Industry Standards
- SEC Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders.
- The level of detail provided in this filing is consistent with SEC requirements for such disclosures.
- Many tech companies have similar dual-class stock structures, where Class B shares often have different voting rights or conversion features compared to Class A shares.
Stakeholder Impact
- The correction of the filing ensures transparency for shareholders.
- The transaction itself has a minor impact on the overall share structure.
Key Dates
| Date | Description |
|---|---|
| 11/22/2024 | Date of the stock transaction. |
| 11/26/2024 | Date of the original filing that was amended. |
| 11/27/2024 | Date of the amended filing. |
Keywords
SEC Filing, Form 4, Duolingo, Severin Hacker, Class B Common Stock, Stock Transaction, Beneficial Ownership, Amendment
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