Form 4: Duolingo President Sells Shares
Insider Transaction (Form 4)
Ahn Luis Von, President & CEO, Co-Founder, a Director and 10% owner of Duolingo, Inc., sold 40,980 shares of common stock on September 21, 2026.
Summary
- Conversion of derivative: acquired 27,960 Class A Common Stock at $14.42 ($403,183) on September 21, 2026; holds 27,960 after (Direct).
- Conversion of derivative: acquired 9,406 Class A Common Stock at $38.08 ($358,180) on September 21, 2026; holds 37,366 after (Direct).
- Open-market sale: disposed of 33,257 Class A Common Stock at $150.46 ($5,003,985) on September 21, 2026; holds 4,109 after (Direct).
- Open-market sale: disposed of 4,109 Class A Common Stock at $151.07 ($620,746) on September 21, 2026 (Direct).
- Conversion of derivative: acquired 3,614 Class A Common Stock at $38.08 ($137,621) on September 22, 2026; holds 3,614 after (Direct).
- Open-market sale: disposed of 200 Class A Common Stock at $150.00 ($30,000) on September 22, 2026; holds 3,414 after (Direct).
- Open-market sale: disposed of 3,414 Class A Common Stock at $152.02 ($518,996) on September 22, 2026 (Direct).
- Option exercise/conversion: disposed of 27,960 Stock Option (Right to Buy) on September 21, 2026 (Direct).
- Conversion of derivative: acquired 27,960 Class B Common Stock on September 21, 2026; holds 3,396,080 after (Direct).
- Conversion of derivative: disposed of 27,960 Class B Common Stock on September 21, 2026; holds 3,368,120 after (Direct).
- Option exercise/conversion: disposed of 9,406 Stock Option (Right to Buy) on September 21, 2026; holds 160,342 after (Direct).
- Conversion of derivative: acquired 9,406 Class B Common Stock on September 21, 2026; holds 3,377,526 after (Direct).
- Conversion of derivative: disposed of 9,406 Class B Common Stock on September 21, 2026; holds 3,368,120 after (Direct).
- Option exercise/conversion: disposed of 3,614 Stock Option (Right to Buy) on September 22, 2026; holds 156,728 after (Direct).
- Conversion of derivative: acquired 3,614 Class B Common Stock on September 22, 2026; holds 3,371,734 after (Direct).
- Conversion of derivative: disposed of 3,614 Class B Common Stock on September 22, 2026; holds 3,368,120 after (Direct).
Sentiment
Score: 4
Explanation: StockSavvy.ai views this as a mildly negative but low-conviction signal: an insider sold $6,173,727 of stock under a pre-arranged Rule 10b5-1 plan, which is typically routine.
Insider Transactions
Ahn Luis Von — Director, Officer (President & CEO, Co-Founder), 10% owner
Transaction made under a Rule 10b5-1 trading plan.
| Date | Transaction | Security | Shares | Price | Value | Held After |
|---|---|---|---|---|---|---|
| 2026-09-21 | Conversion of derivative | Class A Common Stock | 27,960 | $14 | $403.2K | 27,960 |
| 2026-09-21 | Conversion of derivative | Class A Common Stock | 9,406 | $38 | $358.2K | 37,366 |
| 2026-09-21 | Open-market sale | Class A Common Stock | 33,257 | $150 | $5.0M | 4,109 |
| 2026-09-21 | Open-market sale | Class A Common Stock | 4,109 | $151 | $620.7K | 0 |
| 2026-09-22 | Conversion of derivative | Class A Common Stock | 3,614 | $38 | $137.6K | 3,614 |
| 2026-09-22 | Open-market sale | Class A Common Stock | 200 | $150 | $30.0K | 3,414 |
| 2026-09-22 | Open-market sale | Class A Common Stock | 3,414 | $152 | $519.0K | 0 |
| 2026-09-21 | Option exercise/conversion | Stock Option (Right to Buy) | 27,960 | — | — | 0 |
| 2026-09-21 | Conversion of derivative | Class B Common Stock | 27,960 | — | — | 3,396,080 |
| 2026-09-21 | Conversion of derivative | Class B Common Stock | 27,960 | — | — | 3,368,120 |
| 2026-09-21 | Option exercise/conversion | Stock Option (Right to Buy) | 9,406 | — | — | 160,342 |
| 2026-09-21 | Conversion of derivative | Class B Common Stock | 9,406 | — | — | 3,377,526 |
| 2026-09-21 | Conversion of derivative | Class B Common Stock | 9,406 | — | — | 3,368,120 |
| 2026-09-22 | Option exercise/conversion | Stock Option (Right to Buy) | 3,614 | — | — | 156,728 |
| 2026-09-22 | Conversion of derivative | Class B Common Stock | 3,614 | — | — | 3,371,734 |
| 2026-09-22 | Conversion of derivative | Class B Common Stock | 3,614 | — | — | 3,368,120 |
Key Dates
| Date | Description |
|---|---|
| 2026-09-21 | Conversion of derivative (27,960 shares) |
| 2026-09-21 | Conversion of derivative (9,406 shares) |
| 2026-09-21 | Open-market sale (33,257 shares) |
| 2026-09-21 | Open-market sale (4,109 shares) |
| 2026-09-22 | Conversion of derivative (3,614 shares) |
| 2026-09-22 | Open-market sale (200 shares) |
| 2026-09-22 | Open-market sale (3,414 shares) |
| 2026-09-21 | Option exercise/conversion (27,960 shares) |
| 2026-09-21 | Conversion of derivative (27,960 shares) |
| 2026-09-21 | Conversion of derivative (27,960 shares) |
| 2026-09-21 | Option exercise/conversion (9,406 shares) |
| 2026-09-21 | Conversion of derivative (9,406 shares) |
| 2026-09-21 | Conversion of derivative (9,406 shares) |
| 2026-09-22 | Option exercise/conversion (3,614 shares) |
| 2026-09-22 | Conversion of derivative (3,614 shares) |
| 2026-09-22 | Conversion of derivative (3,614 shares) |
Keywords
insider transaction, Form 4, DUOL, Duolingo, Inc., bearish, Ahn Luis Von
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