Durable Capital Partners LP's Form 4/A amendment
AmendedDuolingo, Inc. (DUOL) · filed Mar 9, 2022
- Accession no.
- 0001209191-22-017489
- Filed
- Mar 9, 2022
- Trade date
- Feb 18-22, 2022
- Filing delay
- 19 days
- Rule 10b5-1 plan
- Not on the form (before 2023)
- Original filed
- Feb 23, 2022
This filing lists 5 non-derivative transactions. Open-market purchases total $9.81M. It was filed 19 days after the trade.
This amendment replaces 0001209191-22-012065 (filed Feb 23, 2022).
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Durable Capital Partners LPCIK 0001798849 | 10% Owner |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Feb 18, 2022 | Class A Common Stock | PPurchaseAcquired | +20,000 | $90.27 | +$1,805,400 | 2,508,274 | Indirect | |
| Feb 18, 2022 | Class A Common Stock | PPurchaseAcquired | +9,629 | $90.55 | +$871,905.95 | 2,517,903 | Indirect | |
| Feb 22, 2022 | Class A Common Stock | PPurchaseAcquired | +20,000 | $88.39 | +$1,767,800 | 2,537,903 | Indirect | |
| Feb 22, 2022 | Class A Common Stock | PPurchaseAcquired | +22,440 | $85.75 | +$1,924,230 | 2,560,343 | Indirect | |
| Feb 22, 2022 | Class A Common Stock | PPurchaseAcquired | +40,000 | $86.12 | +$3,444,800 | 2,600,343 | Indirect |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
The original Form 4, filed on February 23, 2022, is being amended by this Form 4 amendment to correct an administrative error, which included 414,981 shares of Class B Common Stock (which was previously reported in the Reported Person's Form 3 filed on January 3, 2022) in the the number of Class A Common Stock in column 5 of Table I. This Form 4/A also amends the number of shares of Class A Common Stock reported in column 5 of Table I in the prior Form 4s filed by the Reported Person on January 26, 2022, January 28, 2022, February 1, 2022, February 3, 2022, February 7, 2022 and February 9, 2022, respectively.
- F2
The securities are held directly by Durable Capital Master Fund LP ("Durable Capital Master Fund"). Durable Capital Partners LP ("Durable Capital") acts as the investment adviser to Durable Capital Master Fund and has sole voting power and sole investment power over the securities reported on this Form 4. Durable Capital Partners GP LLC ("Durable GP") is the general partner of Durable Capital, and Henry Ellenbogen is the chief investment officer of Durable Capital and the managing member of Durable GP. Each of Durable Capital Master Fund, Durable Capital, Durable GP and Mr. Ellenbogen disclaim beneficial ownership of the reported securities, except to the extent of any pecuniary interest therein.