Form 4: Duolingo's Chief Tech Officer Severin Hacker Reports Changes in Beneficial Ownership

Severin Hacker, Duolingo's Chief Technology Officer and Co-Founder, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.

Summary

• On March 13, 2024, Severin Hacker, the Chief Technology Officer and Co-Founder of Duolingo, reported changes in his beneficial ownership of the company's stock.
• The transactions involved Class A Common Stock and Class B Common Stock.
• Hacker indirectly acquired 10,000 shares of Class A Common Stock at $0 and disposed of 10,000 shares of Class A Common Stock at $0.
• Following these transactions, Hacker indirectly owns 0 shares of Class A Common Stock and directly owns 43,730 shares of Class B Common Stock.
• Hacker also indirectly owns 3,024,917 shares of Class B Common Stock.
• The shares are held by the SBH Trust dated March 10, 2020, of which Hacker is the Trustee.
• Each share of Class B Common Stock is convertible into one share of Class A Common Stock.

Sentiment

Score: 5

Explanation: This is a neutral regulatory filing. It doesn't inherently indicate positive or negative sentiment, but rather reports transactions.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.

Key Dates