Form 4: Duolingo's Chief Engineering Officer, Natalie Glance, Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Natalie Glance, Chief Engineering Officer of Duolingo, Inc., executed multiple sales of Class A Common Stock on March 5, 2025, under a pre-arranged 10b5-1 trading plan.
Summary
- On March 5, 2025, Natalie Glance, the Chief Engineering Officer of Duolingo, sold a total of 8,820 shares of Class A Common Stock.
- The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on November 14, 2024.
- The transactions occurred in multiple sales at weighted average prices ranging from $286.1889 to $294.355 per share.
- Following these transactions, Natalie Glance directly owns 130,733 shares of Class A Common Stock and indirectly owns 130 shares through her son.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock sales by an executive, which is neutral in sentiment.
Industry Context
This filing is a routine disclosure of insider trading activity. It is common for executives to use 10b5-1 trading plans to sell shares over time to avoid accusations of insider trading.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders due to the increased supply of shares in the market.
Key Dates
| Date | Description |
|---|---|
| 2024-11-14 | Date of adoption of the Rule 10b5-1 trading plan |
| 2025-03-05 | Date of stock sale transactions |
| 2025-03-07 | Date of Form 4 filing |
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