DUOLINGO INC

Ticker: DUOL CUSIP: 26603R106 Class: EQTY

Police & Firemen's Retirement System of New Jersey's Holding History (CIK: 0002040686)

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

Q4 2025

Shares 15,886 Value ($000) $2,788 Avg Close $235.64 Range $166.27 - $353.00

Q3 2025

Shares 16,643 Value ($000) $5,356 Avg Close $334.45 Range $256.63 - $468.00

Q2 2025

Shares 14,371 Value ($000) $5,892 Avg Close $438.78 Range $274.97 - $544.93

Q1 2025

Shares 13,615 Value ($000) $4,228 Avg Close $342.01 Range $263.68 - $441.76

Q4 2024

Shares 13,311 Value ($000) $4,316 Avg Close $318.27 Range $273.06 - $378.48

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	15,886	$2,788	$235.64	$166.27 - $353.00
Q3 2025	16,643	$5,356	$334.45	$256.63 - $468.00
Q2 2025	14,371	$5,892	$438.78	$274.97 - $544.93
Q1 2025	13,615	$4,228	$342.01	$263.68 - $441.76
Q4 2024	13,311	$4,316	$318.27	$273.06 - $378.48