Summary by Moomoo AI
Duolingo Inc. has announced that the LUIS VON AHN FOUNDATION, overseen by company officer Luis Von Ahn Arellano, is set to sell 22,000 common shares of Duolingo stock. The transaction is expected to take place on 03/05/2024, with the shares valued at an aggregate market value of $4,944,940. These shares were originally acquired by Luis Von Ahn as founders shares directly from the issuer on 11/18/2010. There have been no reported sales of securities by the foundation in the past three months prior to this notice, which was officially dated on the same day as the planned sale.