secwatch.observer — SEC 8-K summary
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Issuer:     Duolingo, Inc. (DUOL)
CIK:        0001562088
Form:       8-K
Filed at:   2024-03-06T23:59:59+00:00
Accession:  0001562088-24-000058
Event type: other
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

Duolingo expands Pittsburgh HQ lease by 110,008 sq ft; total 148,266 sq ft through 2036
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- Lease amendment signed March 4, 2024 increases leased space from 38,000 to 148,266 sq ft starting August 1, 2025.
- Initial base rent for additional space is ~$394k/month, rising ~2% annually (except 9% jumps in years 3 & 5 for parking).
- Existing lease rent rises to ~$188k/month from June 2035 through new expiration April 30, 2036 (extension).
- Landlord provides ~$6.6 million improvement allowance for design, permitting, and construction of improvements.
- Amendment extends lease term to April 30, 2036 (from original June 15, 2035) and adds parking access.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1562088/000156208824000058/0001562088-24-000058-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1562088/000156208824000058/duol-20240304.htm
  HTML page:      https://secwatch.observer/filing/0001562088-24-000058

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