SEC Filing - Duolingo, Inc.
SEC FORM 4
SEC Form 4
| FORM 4 | UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| OMB APPROVAL | ||
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| OMB Number: | 3235-0287 | |
| Estimated average burden | ||
| hours per response: | 0.5 | |
| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
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| Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. |
| 1. Name and Address of Reporting Person* | |||
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| Lilly III John Osborne | |||
| * * * | |||
| --- | --- | --- | |
| (Last) | (First) | (Middle) | |
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| C/O DUOLINGO, INC. | |||
| 5900 PENN AVENUE | |||
| * * * | |||
| (Street) | |||
| --- | --- | --- | |
| PITTSBURGH | PA | 15206 | |
| * * * | |||
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| (City) | (State) | (Zip) |
(Check all applicable)
| Director | 10% Owner | ||
| Officer (give title below) | Other (specify below) | ||
| 3. Date of Earliest Transaction (Month/Day/Year) 07/10/2026 |
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| 4. If Amendment, Date of Original Filed (Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line) |
| Form filed by One Reporting Person | |
| Form filed by More than One Reporting Person |
| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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| 1. Title of Security (Instr. 3) |
| :-- |
| Code |
| :-: |
| Class A Common Stock |
| Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) |
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| 1. Title of Derivative Security (Instr. 3) |
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| Code |
| --- |
| Explanation of Responses: |
| 1. Represents an award of fully vested restricted stock units ("RSUs") in lieu of cash retainers pursuant to reporting person's election under the Issuer's Amended and Restated Non-Employee Director Compensation Program (the "Plan"). Each RSU represents the right to receive one share of the Issuer's Class A Common Stock and will be settled either on a date selected by the reporting person pursuant to the Plan or as otherwise provided under the Plan. |
| Remarks: |
| /s/ Stephen Chen, as Attorney-in-Fact for John Osborne Lilly III | 07/14/2026 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). |
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| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
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| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. |
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| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |