PESSIN NORMAN H 4
4 · DUOS TECHNOLOGIES GROUP, INC. · Filed Oct 7, 2022
Insider Transaction Report
Form 4
PESSIN NORMAN H
10% Owner
Transactions
- Conversion
Common Stock
2021-12-02$5.50/sh+272,727$1,499,999→ 344,157 total - Gift
Common Stock
2021-05-21$9.30/sh+15,000$139,500→ 90,002 total - Conversion
Series B Convertible Preferred Stock
2021-12-03−854→ 851 totalExercise: $7.00→ Common Stock (121,571 underlying) - Conversion
Series C Convertible Preferred Stock
2021-12-03−500→ 0 totalExercise: $5.50→ Common Stock (90,909 underlying) - Conversion
Common Stock
2021-12-03$7.00/sh+122,000$854,000→ 466,157 total - Conversion
Series C Convertible Preferred Stock
2021-12-02−1,500→ 0 totalExercise: $5.50→ Common Stock (272,727 underlying) - Gift
Common Stock
2021-05-21$9.30/sh−45,000$418,500→ 57,972 total - Conversion
Common Stock
2021-12-02$5.50/sh+90,909$500,000→ 180,911 total
Footnotes (7)
- [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]On May 21, 2021, Norman H. Pessin gifted 45,000 shares of Common Stock. Of those shares, 15,000 were gifted to Brian L. Pessin
- [F3]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.
- [F4]Shares beneficially owned by Brian L. Pessin. Norman H. Pessin and Sandra F. Pessin expressly disclaim beneficial ownership of such shares.
- [F5]Sandra F. Pessin converted 1,500 shares of Series C Preferred Stock into 272,727 shares of Common Stock on December 2, 2021. The Series C Preferred Stock has no stated maturity date.
- [F6]Sandra F. Pessin converted 854 shares of Series B Preferred Stock into 122,000 shares of Common Stock on December 3, 2021. The Series B Preferred Stock has no stated maturity date.
- [F7]Brian L. Pessin converted 500 shares of Series C Preferred Stock into 90,909 shares of Common Stock on December 2, 2021. The Series C Preferred Stock has no stated maturity date.