Duolingo Co-Founder Hacker Updates Class A Stock Ownership

TL;DR

**Duolingo co-founder Severin Hacker updated his stock ownership, signaling a change in his stake.**

AI Summary

Severin Hacker, a co-founder of Duolingo, Inc., filed an amended SC 13G/A on February 5, 2024, indicating a change in his beneficial ownership of Duolingo's Class A Common Stock as of December 31, 2023. This filing, an amendment to a previous statement, is important for investors as it updates the public record on a significant insider's stake, providing transparency into a key executive's holdings and potential confidence in the company's future.

Why It Matters

This filing updates the public record on a key insider's stake in Duolingo, offering transparency into a co-founder's holdings and their confidence in the company.

Risk Assessment

Risk Level: low — This filing is a routine update on insider ownership and does not inherently indicate a significant risk to investors.

Analyst Insight

Investors should note this routine update on insider ownership, but without specific share count changes, it primarily serves as a transparency update rather than a direct buy/sell signal.

Key Numbers

• 26603R106 — CUSIP Number (identifies Duolingo's Class A Common Stock)
• December 31, 2023 — Date of Event (the date as of which the ownership change is being reported)
• February 5, 2024 — Filing Date (the date the SC 13G/A amendment was filed)

Key Players & Entities

• Severin Hacker (person) — co-founder and reporting person for Duolingo, Inc.
• Duolingo, Inc. (company) — the subject company whose Class A Common Stock is being reported
• 06 Technology (company) — organization name associated with Duolingo's company data

FAQ

Key Financial Figures

• $0.0001 — rities Class A Common Stock, par value $0.0001 per share ("Class A Common Stock"). (d

Filing Documents

• duolseverinhackerschedule1.htm (SC 13G/A) — 44KB
• 0001870272-24-000003.txt ( ) — 46KB

(a) Name of Issuer

ITEM 1. (a) Name of Issuer Duolingo, Inc. (the "Issuer"). (a) Address of Issuer's Principal Executive Offices 5900 Penn Avenue, Pittsburgh, Pennsylvania 15206

(a) Name of Person Filing

ITEM 2. (a) Name of Person Filing This statement is filed on behalf of Severin Hacker (the "Reporting Person"). (a) Address or Principal Business Office The business address of the Reporting Person is co Duolingo, Inc., 5900 Penn Avenue, Pittsburgh, PA 15206. (b) Citizenship of each Reporting Person is The Reporting Person is a citizen of Switzerland. (c) Title of Class of Securities Class A Common Stock, par value $0.0001 per share ("Class A Common Stock"). (d) CUSIP Number 26603R106 ITEM 3. Not applicable. CUSIP No. 26603R106 Schedule 13G Page 3 of 5

Ownership

ITEM 4. Ownership. (a-c) The ownership information presented below represents beneficial ownership of Class A Common Stock of the Issuer as of December 31, 2023, based upon 35,797,739 shares of Class A Common Stock outstanding as of November 7, 2023, based on the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 8, 2023. Reporting Person Amount beneficially owned Percent of class Sole power to vote or to direct the vote Shared power to vote or to direct the vote Sole power to dispose or to direct the disposition of Shared power to dispose or to direct the disposition of Severin Hacker 3,618,219 9.2% 3,618,219 0 3,618,219 0 The Reporting Person is the beneficial owner of 3,618,219 shares of Class A Common Stock, which includes (i) 72 shares of Class A Common Stock held of record by the Reporting Person, (ii) 43,730 shares of Class A Common Stock underlying shares of Class B Common Stock held of record by the Reporting Person that are convertible at any time at the option of the holder into Class A Common Stock on a one-for-one basis, (iii) 509,500 shares of Class A Common Stock underlying stock options held of record by the Reporting Person that are exercisable prior to February 29, 2024,, and (iv) 3,064,917 shares of Class A Common Stock underlying shares of Class B Common Stock that are held of record by SBH Trust and which are convertible at any time at the option of the holder into Class A Common Stock on a one-for-one basis.

Ownership of Five Percent or Less of a Class

ITEM 5. Ownership of Five Percent or Less of a Class. Not applicable.

Ownership of More than Five Percent on Behalf of Another Person

ITEM 6. Ownership of More than Five Percent on Behalf of Another Person. Not applicable. ITEM 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. Not applicable.

Identification and Classification of Members of the Group

ITEM 8. Identification and Classification of Members of the Group. Not applicable.

Notice of Dissolution of Group

ITEM 9. Notice of Dissolution of Group. Not applicable. CUSIP No. 26603R106 Schedule 13G Page 4 of 5

Certification

ITEM 10. Certification. Not applicable. CUSIP No. 26603R106 Schedule 13G Page 5 of 5 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date February 5, 2024 Severin Hacker s Severin Hacker