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

Reporting relationship: 10%+ Owner
Issuer ticker: DUOT
Reported as of: 27 Sep 2022
Net transaction value: +$1,850,999
SEC form: 4/A - Amendment
Accepted by SEC: 07 Oct 2022, 15:47:36 UTC
Original report date: 07 Oct 2022
Prior SEC filing: 08 Feb 2022
Next SEC filing: 02 Nov 2022
Source filing: View source filing
Reporting owner signature: /s/ Norman H. Pessin

Key filing fact

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

Key facts

This page summarizes Norman H. Pessin's Form 4/A - Amendment filing for DUOS TECHNOLOGIES GROUP, INC. (DUOT).
3 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 07 Oct 2022, 15:47.

Change

Previous filing in this sequence was filed on 08 Feb 2022.
Current net transaction value: +$1,850,999.

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/A - Amendment disclosures.

View source filing

Reported non-derivative transactions

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

DUOT transaction

Common Stock

Conversion of derivative security

Transaction value: $850,997
Shares: +121,571
Change %: +16%
Price: $7.00
Shares after: 887,728
Date: 27 Sep 2022
Ownership: Direct
Footnotes: F1, F2, F4

DUOT transaction

Common Stock

Purchase

Transaction value: $1,000,002
Shares: +333,334
Change %: +38%
Price: $3.00
Shares after: 1,221,062
Date: 30 Sep 2022
Ownership: Direct
Footnotes: F1, F2, F5

DUOT holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 57,972
Date: 27 Sep 2022
Ownership: Direct
Footnotes: F1

DUOT holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 180,911
Date: 27 Sep 2022
Ownership: Direct
Footnotes: F1, F3

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: -851
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 27 Sep 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 121,571
Exercise price: $7.00
Footnotes: F4

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 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

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 F3

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

Footnote 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.

Footnote F5

Sandra F. Pessin purchased 333,334 shares of Common Stock through a private placement on September 30, 2022.