Form 4: Duolingo's Chief Engineering Officer, Natalie Glance, Sells 1,500 Shares
SEC Form 4 Filing
Natalie Glance, Chief Engineering Officer of Duolingo, Inc., executed a sale of 1,500 shares of Class A Common Stock on March 6, 2024, under a pre-arranged trading plan.
Summary
- On March 6, 2024, Natalie Glance, the Chief Engineering Officer of Duolingo, Inc., sold 1,500 shares of Class A Common Stock.
- The sale was executed at a price of $215.07 per share.
- The transaction was conducted under a Rule 10b5-1 trading plan adopted by Ms. Glance on September 5, 2023.
- Following the transaction, Ms. Glance directly owns 126,005 shares of Class A Common Stock and indirectly owns 130 shares through her son.
Sentiment
Score: 5
Explanation: Neutral sentiment as the transaction is a routine disclosure of a pre-planned sale under a 10b5-1 trading plan.
Industry Context
This is a routine disclosure of a transaction by a company insider and is a common occurrence for publicly traded companies. It provides transparency into the trading activities of key personnel.
Key Dates
| Date | Description |
|---|---|
| 09/05/2023 | Date of adoption of Rule 10b5-1 trading plan |
| 03/06/2024 | Date of transaction (sale of shares) |
| 03/07/2024 | Date of signature of the Form 4 filing |
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