SCHEDULE: FMR LLC Discloses 7.0% Stake in Duolingo

FMR LLC and Abigail P. Johnson have filed an amended Schedule 13G, disclosing a beneficial ownership of 7.0% of Duolingo Inc.'s Class A Common Stock as of June 30, 2025.

Summary

• FMR LLC and Abigail P. Johnson collectively beneficially own 2,761,322.77 shares of Duolingo Inc.'s Class A Common Stock.
• This ownership represents 7.0% of the outstanding Class A Common Stock.
• FMR LLC holds sole voting power over 2,727,219.37 shares and sole dispositive power over 2,761,322.77 shares.
• Abigail P. Johnson, as a control person of FMR LLC, is deemed to have sole dispositive power over the same 2,761,322.77 shares.
• The filing is an Amendment No. 4 to a previously filed Schedule 13G.
• The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of Duolingo Inc.

Sentiment

Score: 5

Explanation: The filing is a neutral, factual disclosure of beneficial ownership and does not contain information that would inherently indicate positive or negative sentiment regarding the company's performance or prospects.

Positives

• NA

Negatives

• NA

Risks

• NA

Future Outlook

This filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding Duolingo Inc.'s future outlook.

Industry Context

Duolingo operates in the education technology sector, specifically focusing on language learning. The disclosure of a significant stake by a major institutional investor like FMR LLC indicates continued institutional interest in the company, which is a common occurrence for publicly traded companies in growing tech sectors.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant institutional ownership, which can influence market perception and liquidity.
• Investors: Offers insight into the holdings of major investment firms, potentially signaling confidence or strategic positioning in the stock.

Key Dates

Keywords

Duolingo, FMR LLC, Abigail P. Johnson, Beneficial Ownership, Class A Common Stock, SEC Filing, Schedule 13G, Institutional Ownership, Education Technology, Language Learning