MAVROMMATIS NED 4/A
Research Summary
AI-generated summary
DUOS (DUOT) Director Ned Mavrommatis Receives 11,748-Share Award
What Happened
Ned Mavrommatis, a director of DUOS Technologies Group, Inc. (DUOT), was granted a total of 11,748 shares as compensation on December 31, 2025. The grants consist of 1,748 shares and 10,000 shares, each reported at a per-share price of $11.44, with reported aggregate values of $20,004 and $114,438 respectively (combined value reported as $134,442). These were awards (not open-market purchases or sales) issued for director services.
Key Details
- Transaction date: 2025-12-31 (reported in this amended Form 4 filed 2026-02-19).
- Prices and amounts: 1,748 shares @ $11.44 (reported $20,004); 10,000 shares @ $11.44 (reported $114,438).
- Vesting: Grants are under the 2021 Equity Incentive Plan and are subject to a one-year cliff; all shares vest on April 1, 2026 (Footnote F3).
- Purpose: Shares were issued as director compensation (Footnote F1).
- Amendment: This filing corrects the issue date and price of the 10,000-share grant (Footnote F2).
- Shares owned after the transaction: Not disclosed in the information provided in this summary.
- Timeliness: This is an amended filing dated 2026-02-19 for a 2025-12-31 transaction; Form 4s are normally due within two business days of the transaction, so this amendment reflects a later correction to the original report.
Context
These awards are compensation for board service and are not the same as an insider buying stock in the open market. Because the shares are subject to a one-year cliff vesting, they are not immediately tradable. Such grants are routine for directors and indicate compensation expense rather than a direct buying or selling signal.