Form 4: Duolingo's Chief Technology Officer Severin Hacker Executes Stock Option and Sells Shares

Duolingo's CTO, Severin Hacker, exercised stock options and sold Class A Common Stock on December 19, 2024, according to a Form 4 filing with the SEC.

Summary

• On December 19, 2024, Severin Hacker, the Chief Technology Officer and Co-Founder of Duolingo, Inc., executed a stock option to acquire 10,000 shares of Class B Common Stock.
• Hacker also sold shares of Class A Common Stock in multiple transactions at varying prices.
• The sales were executed pursuant to a Rule 10b5-1 trading plan adopted on September 11, 2024.
• Following these transactions, Hacker directly owns 50,252 shares of Class B Common Stock, 67,845 shares of Class A Common Stock, and indirectly owns 2,956,917 shares of Class A Common Stock through the SBH Trust dated March 10, 2020.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports transactions by an insider under a pre-existing trading plan. There is no indication of positive or negative implications for the company.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, like officers and directors, trade their company's stock. These filings provide transparency into insider transactions and are closely watched by investors.

Key Dates