DUOLINGO INC

Ticker: DUOL CUSIP: 26603R106 Class: EQTY

VIRGINIA RETIREMENT SYSTEMS ET AL's Holding History (CIK: 0001005354)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 2,735 Value ($000) $480 Avg Close $235.64 Range $166.27 - $353.00

Q3 2025

Shares 1,649 Value ($000) $531 Avg Close $334.45 Range $256.63 - $468.00

Q2 2025

Shares 949 Value ($000) $389 Avg Close $438.78 Range $274.97 - $544.93

Q1 2025

Shares 2,849 Value ($000) $885 Avg Close $342.01 Range $263.68 - $441.76

Q2 2023

Shares 1,400 Value ($000) $200 Avg Close $143.30 Range $116.82 - $168.40

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	2,735	$480	$235.64	$166.27 - $353.00
Q3 2025	1,649	$531	$334.45	$256.63 - $468.00
Q2 2025	949	$389	$438.78	$274.97 - $544.93
Q1 2025	2,849	$885	$342.01	$263.68 - $441.76
Q2 2023	1,400	$200	$143.30	$116.82 - $168.40