Stephen C. Chen - 17 Feb 2026 Form 4 Insider Report for Duolingo, Inc. (DUOL)

Signature
/s/ Stephen C. Chen
Issuer symbol
DUOL
Transactions as of
17 Feb 2026
Net transactions value
-$313,927
Form type
4
Filing time
20 Feb 2026, 06:01:42 UTC
Previous filing
30 Dec 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Chen Stephen C. General Counsel C/O DUOLINGO, INC., 5900 PENN AVENUE, PITTSBURGH /s/ Stephen C. Chen 19 Feb 2026 0001869758

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DUOL Class A Common Stock Sale $98,614 -896 -2.7% $110.06 32,446 17 Feb 2026 Direct F1
transaction DUOL Class A Common Stock Sale $91,812 -821 -2.5% $111.83 31,625 18 Feb 2026 Direct F2, F3
transaction DUOL Class A Common Stock Sale $54,696 -480 -1.5% $113.95 31,145 18 Feb 2026 Direct F2, F4
transaction DUOL Class A Common Stock Sale $59,567 -520 -1.7% $114.55 30,625 18 Feb 2026 Direct F2, F5
transaction DUOL Class A Common Stock Sale $9,238 -80 -0.26% $115.47 30,545 18 Feb 2026 Direct F2, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

Explanation of Responses:

Id Content
F1 Represents shares automatically sold to satisfy tax withholding obligations in connection with the vesting of Restricted Stock Units ("RSUs") and delivery of shares.
F2 The sale was effected pursuant to the Reporting Person's Rule 10b5-1 trading plan adopted on May 27, 2025.
F3 The price reported in Column 4 is a weighted average sale price calculated by the broker executing the sales. These shares were sold in multiple transactions at prices ranging from $111.83 to $112.79, inclusive. The Reporting Person hereby undertakes to provide to the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.
F4 The price reported in Column 4 is a weighted average sale price calculated by the broker executing the sales. These shares were sold in multiple transactions at prices ranging from $113.31 to $114.23, inclusive. The Reporting Person hereby undertakes to provide to the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.
F5 The price reported in Column 4 is a weighted average sale price calculated by the broker executing the sales. These shares were sold in multiple transactions at prices ranging from $114.31 to $115.23, inclusive. The Reporting Person hereby undertakes to provide to the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.
F6 The price reported in Column 4 is a weighted average sale price calculated by the broker executing the sales. These shares were sold in multiple transactions at prices ranging from $115.47 to $115.52, inclusive. The Reporting Person hereby undertakes to provide to the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.