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

Severin Hacker, Duolingo's CTO and Co-Founder, exercised stock options and sold Class A Common Stock on April 21, 2025, according to a Form 4 filing with the SEC.

Summary

• On April 21, 2025, Severin Hacker, the Chief Technology Officer and Co-Founder of Duolingo, Inc., engaged in transactions involving the company's stock.
• Hacker exercised a stock option to acquire 10,000 shares of Class A Common Stock at a price of $38.08 per share.
• Concurrently, Hacker sold a total of 10,000 shares of Class A Common Stock in multiple transactions at weighted average prices ranging from $309.7287 to $323.8763.
• These sales were executed pursuant to a pre-arranged Rule 10b5-1 trading plan adopted on September 11, 2024.
• Following these transactions, Hacker directly owns 72 shares of Class A Common Stock and indirectly owns 2,956,917 shares through the SBH Trust dated March 10, 2020.
• Hacker also holds 86,075 shares of Class B Common Stock after converting 20,000 shares of Class B Common Stock into Class A Common Stock.

Sentiment

Score: 5

Explanation: This is a routine disclosure of insider trading activity. The sentiment is neutral as it doesn't inherently indicate positive or negative performance for the company.

Industry Context

Form 4 filings are standard disclosures required by the SEC when corporate insiders, like officers and directors, trade their company's stock; this filing indicates activity by Duolingo's CTO.

Stakeholder Impact

• The stock sale by a high-ranking executive could be perceived differently by stakeholders; some may see it as a lack of confidence, while others may view it as standard diversification.

Key Dates

Keywords

Form 4, Severin Hacker, Duolingo, Stock Sale, Class A Common Stock, Class B Common Stock, Rule 10b5-1, Insider Trading, Stock Option, CTO