secwatch.observer — SEC 8-K summary
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Issuer:     Duolingo, Inc. (DUOL)
CIK:        0001562088
Form:       8-K
Filed at:   2021-11-22T23:59:59+00:00
Accession:  0001562088-21-000046
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

Duolingo signs 13-year lease for 38,000 sq ft Pittsburgh office
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- Lease effective Nov 16, 2021; base rent ~$148K/month escalating 2% annually.
- First-year rent abatement of $1.4M reduces monthly rent to approximately $2,500.
- Landlord provides improvement allowance of up to ~$2.3M for build-out.
- Early termination option effective Apr 30, 2030 requires ~$2.9M fee and notice by Apr 30, 2029.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1562088/000156208821000046/0001562088-21-000046-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1562088/000156208821000046/duol-20211116.htm
  HTML page:      https://secwatch.observer/filing/0001562088-21-000046

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer