Norman H. Pessin - 21 May 2021 Form 4 Insider Report for DUOS TECHNOLOGIES GROUP, INC. (DUOT)

Role
10%+ Owner
Signature
/s/ Norman H. Pessin
Issuer symbol
DUOT
Transactions as of
21 May 2021
Net transactions value
+$2,574,998
Form type
4
Filing time
07 Oct 2022, 15:27:42 UTC
Previous filing
03 Sep 2021
Next filing
05 Oct 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DUOT Common Stock Gift $418,500 -45,000 -44% $9.30 57,972 21 May 2021 Direct F1, F2
transaction DUOT Common Stock Conversion of derivative security $1,499,998 +272,727 +382% $5.50 344,157 02 Dec 2021 Direct F1, F3, F5
transaction DUOT Common Stock Conversion of derivative security $854,000 +122,000 +35% $7.00 466,157 03 Dec 2021 Direct F1, F3, F6
transaction DUOT Common Stock Gift $139,500 +15,000 +20% $9.30 90,002 21 May 2021 Direct F1, F2, F4
transaction DUOT Common Stock Conversion of derivative security $500,000 +90,909 +101% $5.50 180,911 02 Dec 2021 Direct F1, F2, F7

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction DUOT Series B Convertible Preferred Stock Conversion of derivative security $0 -854 -50% $0.000000 851 03 Dec 2021 Common Stock 121,571 $7.00 Direct F6
transaction DUOT Series C Convertible Preferred Stock Conversion of derivative security $0 -1,500 -100% $0.000000* 0 02 Dec 2021 Common Stock 272,727 $5.50 Direct F5
transaction DUOT Series C Convertible Preferred Stock Conversion of derivative security $0 -500 -100% $0.000000* 0 03 Dec 2021 Common Stock 90,909 $5.50 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This Form 4 is filed jointly by Norman H. Pessin, Brian L. Pessin and Sandra F. Pessin (collectively, the "Reporting Persons"). Each Reporting Person may be deemed to be a member of a Section 13(d) group that may be deemed to collectively beneficially own more than 10% of the Issuer's outstanding shares of common stock. Each Reporting Person disclaims beneficial ownership of the shares of common stock reported herein except to the extent of his or her pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of such shares of common stock for purposes of Section 16 or for any other purpose.
F2 On May 21, 2021, Norman H. Pessin gifted 45,000 shares of Common Stock. Of those shares, 15,000 were gifted to Brian L. Pessin
F3 Shares beneficially owned by Sandra F. Pessin, Norman H. Pessin's spouse. Norman H. Pessin expressly disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
F4 Shares beneficially owned by Brian L. Pessin. Norman H. Pessin and Sandra F. Pessin expressly disclaim beneficial ownership of such shares.
F5 Sandra F. Pessin converted 1,500 shares of Series C Preferred Stock into 272,727 shares of Common Stock on December 2, 2021. The Series C Preferred Stock has no stated maturity date.
F6 Sandra F. Pessin converted 854 shares of Series B Preferred Stock into 122,000 shares of Common Stock on December 3, 2021. The Series B Preferred Stock has no stated maturity date.
F7 Brian L. Pessin converted 500 shares of Series C Preferred Stock into 90,909 shares of Common Stock on December 2, 2021. The Series C Preferred Stock has no stated maturity date.