DUOS TECHNOLOGIES GROUP, INC. — Director's Dealing 2021

Sep 3, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DUOS TECHNOLOGIES GROUP, INC. (DUOT)
CIK: 0001396536
Period of Report: 2021-02-26

Reporting Person: PESSIN NORMAN H (N/A)
Reporting Person: Pessin Brian L. (N/A)
Reporting Person: PESSIN SANDRA F (N/A)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-26	Series C Convertible Preferred Stock	$5.5	P	1500	Acquired		Common Stock (272727)	Direct
2021-02-26	Series C Convertible Preferred Stock	$5.5	P	500	Acquired		Common Stock (90909)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	102972	Direct
Common Stock	71430	Direct
Common Stock	75002	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Series B Convertible Preferred Stock	$7		Common Stock (243572)	1705	Direct

Footnotes

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: The Series B Convertible Preferred Stock ("Series B Preferred Stock") is not currently exercisable due to a 4.99% beneficial ownership limitation with respect to Common Stock owned by Sandra F. Pessin, affiliates of Sandra F. Pessin or members of a group with Sandra F. Pessin. Such 4.99% beneficial ownership limitation can be increased to 9.99%. The Series B Preferred Stock has no stated maturity date.

F5: Sandra F. Pessin owns 1,705 shares of Series B Preferred Stock convertible into 243,572 shares of Common Stock.

F6: The Series C Convertible Preferred Stock ("Series C Preferred Stock") is not currently exercisable due to a 4.99% beneficial ownership limitation with respect to Common Stock owned by Sandra F. Pessin, affiliates of Sandra F. Pessin or members of a group with Sandra F. Pessin. Such 4.99% beneficial ownership limitation can be increased to 19.99%. The Series C Preferred Stock has no stated maturity date.

F7: Sandra F. Pessin owns 1,500 shares of Series C Preferred Stock convertible into 272,727 shares of Common Stock.

F8: The Series C Preferred Stock is not currently exercisable due to a 4.99% beneficial ownership limitation with respect to the Common Stock owned by Brian L. Pessin, affiliates of Brian L. Pessin or members of a group with Brian L. Pessin. The Series C Preferred Stock has no stated maturity date.

F9: Brian L. Pessin owns 500 shares of Series C Preferred Stock convertible into 90,909 shares of Common Stock.