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

Reporting relationship: 10%+ Owner
Issuer ticker: DUOT
Reported as of: 21 May 2021
Net transaction value: +$2,574,998
SEC form: 4
Accepted by SEC: 07 Oct 2022, 15:27:42 UTC
Prior SEC filing: 03 Sep 2021
Next SEC filing: 05 Oct 2021
Source filing: View source filing
Reporting owner signature: /s/ Norman H. Pessin

Key filing fact

Norman H. Pessin filed Form 4 for DUOS TECHNOLOGIES GROUP, INC. (DUOT) on 07 Oct 2022.

Key facts

This page summarizes Norman H. Pessin's Form 4 filing for DUOS TECHNOLOGIES GROUP, INC. (DUOT).
8 reported transactions and 3 derivative rows are listed below.
Accepted by SEC: 07 Oct 2022, 15:27.

Change

Previous filing in this sequence was filed on 03 Sep 2021.
Current net transaction value: +$2,574,998.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

DUOT transaction

Common Stock

Gift

Transaction value: $418,500
Shares: -45,000
Change %: -44%
Price: $9.30
Shares after: 57,972
Date: 21 May 2021
Ownership: Direct
Footnotes: F1, F2

DUOT transaction

Common Stock

Conversion of derivative security

Transaction value: $1,499,998
Shares: +272,727
Change %: +382%
Price: $5.50
Shares after: 344,157
Date: 02 Dec 2021
Ownership: Direct
Footnotes: F1, F3, F5

DUOT transaction

Common Stock

Conversion of derivative security

Transaction value: $854,000
Shares: +122,000
Change %: +35%
Price: $7.00
Shares after: 466,157
Date: 03 Dec 2021
Ownership: Direct
Footnotes: F1, F3, F6

DUOT transaction

Common Stock

Gift

Transaction value: $139,500
Shares: +15,000
Change %: +20%
Price: $9.30
Shares after: 90,002
Date: 21 May 2021
Ownership: Direct
Footnotes: F1, F2, F4

DUOT transaction

Common Stock

Conversion of derivative security

Transaction value: $500,000
Shares: +90,909
Change %: +101%
Price: $5.50
Shares after: 180,911
Date: 02 Dec 2021
Ownership: Direct
Footnotes: F1, F2, F7

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

DUOT transaction Derivative

Series B Convertible Preferred Stock

Conversion of derivative security

Transaction value: $0
Shares: -854
Change %: -50%
Price: $0.000000
Shares after: 851
Date: 03 Dec 2021
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 121,571
Exercise price: $7.00
Footnotes: F6

DUOT transaction Derivative

Series C Convertible Preferred Stock

Conversion of derivative security

Transaction value: $0
Shares: -1,500
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 02 Dec 2021
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 272,727
Exercise price: $5.50
Footnotes: F5

DUOT transaction Derivative

Series C Convertible Preferred Stock

Conversion of derivative security

Transaction value: $0
Shares: -500
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 03 Dec 2021
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 90,909
Exercise price: $5.50
Footnotes: F7

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 7 footnotes

Footnote 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.

Footnote 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

Footnote 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.

Footnote F4

Shares beneficially owned by Brian L. Pessin. Norman H. Pessin and Sandra F. Pessin expressly disclaim beneficial ownership of such shares.

Footnote 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.

Footnote 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.

Footnote 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.