Form 4: Duolingo's Chief Technology Officer Severin Hacker Reports Changes in Beneficial Ownership
SEC Filing
Severin Hacker, Duolingo's CTO and Co-Founder, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
Summary
- On August 22, 2024, Severin Hacker acquired 15,000 shares of Class A Common Stock.
- On August 26, 2024, he disposed of 15,000 shares of Class A Common Stock.
- These transactions were reported on a Form 4 filing with the SEC.
- Hacker also indirectly owns 2,959,917 shares of Class B Common Stock through a trust.
- Each share of Class B Common Stock is convertible into one share of Class A Common Stock.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing, so the sentiment is neutral.
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
| Date | Description |
|---|---|
| March 10, 2020 | Date of the SBH Trust |
| 08/22/2024 | Transaction date: Acquisition of 15,000 shares of Class A Common Stock |
| 08/26/2024 | Transaction date: Disposition of 15,000 shares of Class A Common Stock |
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