Key facts
- This page summarizes Bleichroeder LP's Form 4 filing for DUOS TECHNOLOGIES GROUP, INC. (DUOT).
- 3 reported transactions and 3 derivative rows are listed below.
- Accepted by SEC: 14 Nov 2023, 18:14.
Bleichroeder LP - 10 Nov 2023 Form 4 Insider Report for DUOS TECHNOLOGIES GROUP, INC. (DUOT)
- Reporting relationship
- 10%+ Owner
- Issuer ticker
- DUOT
- Reported as of
- 10 Nov 2023
- Net transaction value
- +$2,500,000
- SEC form
- 4
- Accepted by SEC
- 14 Nov 2023, 18:14:08 UTC
- Prior SEC filing
- 03 Aug 2023
- Next SEC filing
- 04 Dec 2023
- Source filing
- View source filing
- Reporting owner signature
- Michael M. Kellen, Chairman and CO-CEO of Bleichroeder LP
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Bleichroeder LP filed Form 4 for DUOS TECHNOLOGIES GROUP, INC. (DUOT) on 14 Nov 2023.
Change
- Previous filing in this sequence was filed on 03 Aug 2023.
- Current net transaction value: +$2,500,000.
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
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
DUOT
transaction
Derivative
Series F Convertible Preferred Stock
Sale
- Transaction value
- $5,000,000
- Shares
- -5,000
- Change %
- -100%
- Price
- $1000.00*
- Shares after
- 0
- Date
- 10 Nov 2023
- Ownership
- See footnote
- Underlying class
- Common Stock
- Underlying amount
- 806,452
- Exercise price
- $6.20
- Footnotes
- F1, F2
DUOT
transaction
Derivative
Series E Convertible Preferred Stock
Purchase
- Transaction value
- $5,000,000
- Shares
- +5,000
- Change %
- +125%
- Price
- $1000.00*
- Shares after
- 9,000
- Date
- 10 Nov 2023
- Ownership
- See footnote
- Underlying class
- Common Stock
- Underlying amount
- 1,666,667
- Exercise price
- $3.00
- Footnotes
- F1, F2
DUOT
transaction
Derivative
Series E Convertible Preferred Stock
Purchase
- Transaction value
- $2,500,000
- Shares
- +2,500
- Change %
- +28%
- Price
- $1000.00*
- Shares after
- 11,500
- Date
- 10 Nov 2023
- Ownership
- See footnote
- Underlying class
- Common Stock
- Underlying amount
- 833,333
- Exercise price
- $3.00
- Footnotes
- F2, F3
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 3 footnotes
Footnote F1
On 11/10/2023, 21 April Fund, Ltd. and 21 April Fund, LP exchanged, with DUOS Technologies Group, Inc. ("Issuer"), an aggregate of 5,000 shares of Series F Convertible Preferred Stock ("Series F") of the Issuer for 5,000 shares of Series E Preferred Stock ("Series E") of the Issuer per the terms of an agreement between 21 April Fund, Ltd., 21 April Fund, LP and the Issuer. Each share of Series F was convertible into shares of Common Stock at a conversion price of $6.20. Each share of Series E is convertible into shares of Common Stock at a conversion price of $3.00. Per the Articles of Amendment of the Issuer's Articles of Incorporation defining the preferences, rights and limitations of each series of preferred stock ("Articles"), conversion of these shares is subject to a Beneficial Ownership Limitation (defined therein) of 19.99% of the number of shares of Common Stock outstanding immediately after giving effect to the issuance of shares of Common Stock issuable upon conversion.
Footnote F2
This form is filed by Bleichroeder LP. Bleichroeder LP serves as registered investment adviser to 21 April Fund, Ltd., 21 April Fund, LP and other managed accounts. Bleichroeder LP disclaims beneficial ownership of these securities except to the extent of their pecuniary interest therein, and this report shall not be deemed an admission that Bleichroeder LP is the beneficial owner of the securities for purposes of Section 16 or for any other purposes.
Footnote F3
On 11/10/2023, 21 April Fund, Ltd., 21 April Fund, LP and the Issuer entered into an agreement (the "Securities Purchase Agreement") under which 21 April Fund, Ltd. and 21 April Fund, LP purchased from the Issuer 2,500 shares of Series E at a per share price of $1,000. Each share of Series E is convertible into shares of Common Stock at a conversion price of $3.00. In accordance with the Articles, conversion of these shares is subject to a Beneficial Ownership Limitation (as defined therein) of 19.99% of the number of shares of Common Stock outstanding immediately after giving effect to the issuance of shares of Common Stock issuable upon conversion.