Form 4: Duolingo Executive Severin Hacker Reports Share Transactions

Duolingo's Chief Technology Officer, Severin Hacker, converted and then gifted 3,000 shares of Class A Common Stock.

Summary

• Severin Hacker, Chief Technology Officer and Co-Founder of Duolingo, reported a series of transactions involving the company's stock.
• On November 12, 2024, Mr. Hacker converted 3,000 shares of Class B Common Stock into 3,000 shares of Class A Common Stock.
• These shares were held indirectly through the SBH Trust.
• On November 27, 2024, Mr. Hacker gifted the 3,000 shares of Class A Common Stock.
• Following these transactions, Mr. Hacker indirectly holds 2,956,917 Class B shares and 72 Class A shares through the SBH Trust, and directly holds 57,845 Class A shares.

Sentiment

Score: 5

Explanation: The document is a neutral report of stock transactions, with no inherent positive or negative sentiment.

Industry Context

This filing is a routine disclosure of insider transactions, which is common for publicly traded companies like Duolingo. It provides transparency into the trading activities of key personnel.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider transactions.
• The transactions reported are typical for executives who hold different classes of stock and may have personal reasons for converting or gifting shares.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they are personal transactions of an executive and do not affect the company's operations or financial position.

Key Dates

Keywords

Duolingo, Severin Hacker, Class A Common Stock, Class B Common Stock, Share Conversion, Stock Gift, SBH Trust, Insider Trading, Form 4