DUOL - Engaging In Options Activity Natalie Glance Exercises Options Valued At $1.82M In Duolingo | Benzinga
In a new SEC filing on May 21, it was revealed that Glance, Chief Engineering Officer at Duolingo (NASDAQ:DUOL), executed a significant exercise of company stock options.
What Happened: Disclosed in a Form 4 filing on Tuesday with the U.S. Securities and Exchange Commission, Glance, Chief Engineering Officer at Duolingo, executed a strategic derivative sale. This involved exercising stock options for 10,000 shares of DUOL, resulting in a transaction value of $1,817,500.
Currently, Duolingo shares are trading up 1.71%, priced at $183.98 during Wednesday's morning. This values Glance's 10,000 shares at $1,817,500.
Unveiling the Story Behind Duolingo
Duolingo Inc is a technology company that develops mobile learning platform to learn languages and is the top-grossing app in the Education category on both Google Play and the Apple App Store. Its products are powered by sophisticated data analytics and artificial intelligence and delivered with class art, animation, and design to make it easier for learners to stay motivated master new material, and achieve their learning goals. Its solutions include The Duolingo Language Learning App, Super Duolingo, Duolingo English Test: AI-Driven Language Assessment, Duolingo For Schools, Duolingo ABC, and Duolingo Math. It has three predominant sources of revenue; time-based subscriptions, in-app advertising placement by third parties, and the Duolingo English Test.