Form 4: Duolingo's Chief Technology Officer Severin Hacker Executes Stock Sales Under 10b5-1 Plan

Duolingo's CTO, Severin Hacker, reports the sale of Class A Common Stock and the exercise of stock options under a pre-arranged 10b5-1 trading plan.

Summary

• Severin Hacker, the Chief Technology Officer and Co-Founder of Duolingo, Inc., filed a Form 4 detailing changes in beneficial ownership.
• On April 7, 2025, 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 prices ranging from $276.8 to $314.8.
• These sales were executed under 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 155,252 shares of Class B Common Stock, and indirectly owns 2,956,917 shares of Class B Common Stock through a trust.
• Hacker also holds options to purchase 96,075 shares of Class B Common Stock and 86,075 shares of Class B Common Stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by a company insider. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about the transactions.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, such as officers and directors, trade their company's stock. These filings provide transparency to the market regarding insider activity.

Key Dates

Keywords

Form 4, Duolingo, Severin Hacker, Stock Sale, Beneficial Ownership, Class A Common Stock, Class B Common Stock, 10b5-1 Trading Plan, Stock Options, CTO