Norman H. Pessin - Sep 27, 2022 Form 4/A - Amendment Insider Report for DUOS TECHNOLOGIES GROUP, INC. (DUOT)

Role
10%+ Owner
Signature
/s/ Norman H. Pessin
Stock symbol
DUOT
Transactions as of
Sep 27, 2022
Transactions value $
$1,850,999
Form type
4/A - Amendment
Date filed
10/7/2022, 03:47 PM
Date Of Original Report
Oct 7, 2022
Previous filing
Feb 8, 2022
Next filing
Nov 2, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DUOT Common Stock Conversion of derivative security $851K +122K +15.87% $7.00 888K Sep 27, 2022 Direct F1, F2, F4
transaction DUOT Common Stock Purchase $1M +333K +37.55% $3.00 1.22M Sep 30, 2022 Direct F1, F2, F5
holding DUOT Common Stock 58K Sep 27, 2022 Direct F1
holding DUOT Common Stock 181K Sep 27, 2022 Direct F1, F3

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 -851 -100% $0.00* 0 Sep 27, 2022 Common Stock 122K $7.00 Direct F4
* 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 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.
F3 Shares beneficially owned by Brian L. Pessin. Norman H. Pessin and Sandra F. Pessin expressly disclaim beneficial ownership of such shares.
F4 Sandra F. Pessin converted 851 shares of Series B Preferred Stock into 121,571 shares of Common Stock on September 27, 2022. The Series B Preferred Stock has no stated maturity date.
F5 Sandra F. Pessin purchased 333,334 shares of Common Stock through a private placement on September 30, 2022.