As filed with the Securities and Exchange Commission on February 27, 2025
Registration No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
Under
The Securities Act of 1933
Duolingo, Inc.
(Exact name of registrant as specified in its charter)
| Delaware | 45-3055872 | |||||||||||||||||||||||||
(State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) | |||||||||||||||||||||||||
5900 Penn Avenue
Pittsburgh, Pennsylvania 15206
(412) 567-6602
(Address, including zip code and telephone number, including area code, of Registrant’s principal executive offices)
DUOLINGO, INC. 2021 INCENTIVE AWARD PLAN
(Full title of the plan)
Luis von Ahn
Chief Executive Officer
Duolingo, Inc.
5900 Penn Avenue
Pittsburgh, Pennsylvania 15206
(412) 567-6602
(Name, address, including zip code, and telephone number, including area code, of agent for service)
Copies to:
| Tad J. Freese | Stephen Chen | ||||||||||||||||
| Benjamin A. Potter | General Counsel | ||||||||||||||||
| Alison A. Haggerty | Duolingo, Inc. | ||||||||||||||||
| Latham & Watkins LLP | 5900 Penn Avenue | ||||||||||||||||
| 140 Scott Drive | Pittsburgh, Pennsylvania 15206 | ||||||||||||||||
| Menlo Park, California 94025 | (412) 567-6602 | ||||||||||||||||
| (650) 328-4600 | |||||||||||||||||
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
| Large accelerated filer | ☒ | Accelerated filer | ☐ | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-accelerated filer | ☐ | Smaller reporting company | ☐ | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Emerging growth company | ☐ | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐
EXPLANATORY NOTE
This Registration Statement on Form S-8 is being filed with the Securities and Exchange Commission (the “Commission”) for the purpose of registering an additional 2,246,984 shares of Class A common stock, par value $0.0001 per share (the “Class A Common Stock”), of Duolingo, Inc. (the “Company”), issuable under the Company’s 2021 Incentive Award Plan (the “2021 Plan”) for which registration statements of the Company on Form S-8 (File Nos. 333-258211, 333-263312, 333-270148, and 333-277488) are effective.
Pursuant to General Instruction E of Form S-8, the contents of the above-referenced prior registration statements are incorporated into this Registration Statement by reference to the extent not modified or superseded hereby or by any subsequently filed document, which is incorporated by reference herein or therein.
Item 8. Exhibits.
| Incorporated by Reference | |||||||||||||||||||||||||||||
| Exhibit Number | Exhibit Description | Form | File No. | Filing Date | Exhibit Number | Filed Herewith | |||||||||||||||||||||||
| 4.1 | 8-K | 001-40653 | 7/30/2021 | 3.1 | |||||||||||||||||||||||||
| 4.2 | 8-K | 001-40653 | 12/08/2023 | 3.1 | |||||||||||||||||||||||||
| 4.3 | S-1/A | 333-257483 | 6/28/2021 | 4.2 | |||||||||||||||||||||||||
| 5.1 | X | ||||||||||||||||||||||||||||
| 23.1 | X | ||||||||||||||||||||||||||||
| 23.2 | X | ||||||||||||||||||||||||||||
| 24.1 | X | ||||||||||||||||||||||||||||
| 99.1 (a) | S-1/A | 333-257483 | 7/19/2021 | 10.3(a) | |||||||||||||||||||||||||
| 99.1(b) | S-1/A | 333-257483 | 7/19/2021 | 10.3(b) | |||||||||||||||||||||||||
| 99.1(c) | S-1/A | 333-257483 | 7/19/2021 | 10.3(c) | |||||||||||||||||||||||||
| 107.1 | X | ||||||||||||||||||||||||||||
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Pittsburgh, State of Pennsylvania, on February 27, 2025.
DUOLINGO, INC. | |||||
By | /s/ Luis von Ahn | ||||
| Name | Luis von Ahn | ||||
| Title | Chief Executive Officer (Principal Executive Officer) | ||||
POWER OF ATTORNEY
We, the undersigned officers and directors of Duolingo, Inc., hereby severally constitute and appoint Luis von Ahn and Matthew Skaruppa, and each of them singly (with full power to each of them to act alone), our true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution in each of them for him or her and in his or her name, place and stead, and in any and all capacities, to sign any and all amendments (including post-effective amendments) to this registration statement, and to sign any registration statement for the same offering covered by this Registration Statement that is to be effective upon filing pursuant to Rule 462(b) promulgated under the Securities Act, and all post-effective amendments thereto, and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing requisite or
necessary to be done in and about the premises, as full to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents or any of them, or their or his or her substitute or substitutes, may lawfully do or cause to be done by virtue hereof. Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed by the following persons in the capacities held on the dates indicated.
| Signature | Title | Date | ||||||||||||
| /s/ Luis von Ahn | Chief Executive Officer and Director | February 27, 2025 | ||||||||||||
| Luis von Ahn | (Principal Executive Officer) | |||||||||||||
| /s/ Matthew Skaruppa | Chief Financial Officer | February 27, 2025 | ||||||||||||
| Matthew Skaruppa | (Principal Financial Officer and Principal Accounting Officer) | |||||||||||||
| /s/ Amy Bohutinsky | Director | February 27, 2025 | ||||||||||||
| Amy Bohutinsky | ||||||||||||||
| /s/ Sara Clemens | Director | February 27, 2025 | ||||||||||||
| Sara Clemens | ||||||||||||||
| /s/ Bing Gordon | Director | February 27, 2025 | ||||||||||||
| Bing Gordon | ||||||||||||||
| /s/ Severin Hacker | Chief Technology Officer and Director | February 27, 2025 | ||||||||||||
| Severin Hacker | ||||||||||||||
| /s/ John Lilly | Director | February 27, 2025 | ||||||||||||
| John Lilly | ||||||||||||||
| /s/ Gillian Munson | Director | February 27, 2025 | ||||||||||||
| Gillian Munson | ||||||||||||||
| /s/ Bonnie Ross | Director | February 27, 2025 | ||||||||||||
| Bonnie Ross | ||||||||||||||
| /s/ Mario Schlosser | Director | February 27, 2025 | ||||||||||||
| Mario Schlosser | ||||||||||||||
| /s/ Jim Shelton | Director | February 27, 2025 | ||||||||||||
| Jim Shelton | ||||||||||||||