Form 4: Duolingo General Counsel Stephen C. Chen Reports Stock Sales

Stephen C. Chen, General Counsel of Duolingo, Inc., reports the sale of Class A Common Stock on February 18, 2025, to cover tax obligations and under a pre-arranged trading plan.

Summary

• Stephen C. Chen, the General Counsel of Duolingo, Inc., filed a Form 4 with the SEC.
• The report details the sale of Class A Common Stock on February 18, 2025.
• A total of 2,064 shares were sold in two separate transactions.
• 1,166 shares were sold at a price of $435.
• 898 shares were sold at a price of $435.28.
• These sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on May 31, 2024.
• The sales also covered tax withholding obligations related to the vesting of Restricted Stock Units (RSUs).
• Following the reported transactions, Chen directly owns 34,634 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting stock sales by an insider. It doesn't inherently convey positive or negative sentiment, as it's a routine disclosure.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The stock sales by a company insider may be perceived differently by shareholders; some may view it as a lack of confidence, while others may see it as a normal part of personal financial planning.

Key Dates

Keywords

Form 4, Duolingo, Stephen C. Chen, Stock Sale, Rule 10b5-1, Class A Common Stock, SEC Filing, RSUs, Tax Withholding