Form 4: Duolingo's General Counsel, Stephen C. Chen, Reports Stock Option Exercise
SEC Form 4 Filing
Stephen C. Chen, General Counsel of Duolingo, Inc., exercised stock options to acquire 3,700 shares of Class A Common Stock at $14.42 per share on December 19, 2024.
Summary
- On December 19, 2024, Stephen C. Chen, the General Counsel of Duolingo, Inc., executed a transaction involving the company's stock.
- Chen exercised stock options to acquire 3,700 shares of Class A Common Stock at a price of $14.42 per share.
- Following the transaction, Chen directly owns 35,367 shares of Class A Common Stock.
- Chen also directly owns 5,537 derivative securities in the form of stock options.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, reflecting standard insider trading activity. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to insider transactions and provides transparency to investors regarding the actions of company executives.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 12/19/2024 | Date of the stock option exercise and acquisition of Class A Common Stock. |
| 12/20/2024 | Date of signature on the Form 4 filing. |
| 03/10/2030 | Expiration date of the stock options. |
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