secwatch.observer — SEC 8-K summary
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Issuer:     Duolingo, Inc. (DUOL)
CIK:        0001562088
Form:       8-K
Filed at:   2024-06-21T23:59:59+00:00
Accession:  0001562088-24-000172
Event type: leadership
Sentiment:  neutral
Materiality: 0.25
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Duolingo appoints Mario Schlosser to board, replacing Laela Sturdy
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- Appointed as Class I director effective July 1, 2024; term expires at 2025 annual meeting.
- Receives $35k annual cash retainer, prorated for 2024; initial RSU award of $360k vesting over 3 years.
- Also eligible for annual RSU award of $180k, vesting on first anniversary or before next annual meeting.
- Expected to enter standard indemnification agreement with Duolingo.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1562088/000156208824000172/0001562088-24-000172-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1562088/000156208824000172/duol-20240614.htm
  HTML page:      https://secwatch.observer/filing/0001562088-24-000172

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