Form 4: Duolingo General Counsel Stephen C. Chen Sells Shares Under 10b5-1 Trading Plan

Stephen C. Chen, General Counsel of Duolingo, Inc., sold a total of 2,635 shares of Class A Common Stock on May 16, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• On May 16, 2025, Stephen C. Chen, the General Counsel of Duolingo, Inc., executed multiple sales of Class A Common Stock.
• The sales were conducted under a Rule 10b5-1 trading plan adopted on May 31, 2024.
• A total of 2,635 shares were sold in multiple transactions at varying prices.
• The prices ranged from $525.00 to $531.47 per share.
• Following these transactions, Chen directly owns 36,185 shares of Duolingo's Class A Common Stock.

Sentiment

Score: 5

Explanation: The document is a standard Form 4 filing, indicating insider selling under a pre-arranged plan. It doesn't inherently convey positive or negative sentiment.

Industry Context

Insider sales are a common occurrence, and the use of a 10b5-1 trading plan suggests the sales were pre-planned and not based on any specific non-public information.

Stakeholder Impact

• The stock sale by a high-ranking officer may cause short-term concern among shareholders, but the existence of a 10b5-1 plan mitigates this concern.

Key Dates

Keywords

Form 4, Duolingo, Stephen C. Chen, insider trading, stock sale, Class A Common Stock, 10b5-1 trading plan, General Counsel