Form 4/A for DUOT DUOS TECHNOLOGIES GROUP, INC.
Accepted 2022-10-07 00:00:00 ET · period of report 2022-09-27 · accession 0001140361-22-036627 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DA | 2022-10-07 | 2022-09-27 | DUOT | Pessin Brian L. | 10% | C - Cnv Deriv | $7.00 | +121.6K | 887.7K | +16% | +$851.0K |
| DA | 2022-10-07 | 2022-09-30 | DUOT | Pessin Brian L. | 10% | P - Purchase | $3.00 | +333.3K | 1.22M | +38% | +$1.00M |
| DA | 2022-10-07 | 2022-09-27 | DUOT | Pessin Brian L. | 10% | C - Cnv Deriv | $0.00 | -851 | 0 | -100% | $0 |
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2022-09-27 | C | A | 121,571 | $7.00 | 887,728 | D | — | — | (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. (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. (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. |
| 2 | Common | Common Stock | 2022-09-30 | P | A | 333,334 | $3.00 | 1,221,062 | D | — | — | (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. (F5) Sandra F. Pessin purchased 333,334 shares of Common Stock through a private placement on September 30, 2022. |
| 3 | Derivative | Series B Convertible Preferred Stock | 2022-09-27 | C | D | 851 | $0.00 | 0 | D | $7.00 · — to — | 121,571 Common Stock | (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. |