X0306 4 2022-02-04 0001396536 DUOS TECHNOLOGIES GROUP, INC. DUOT 0000923666 PESSIN NORMAN H 400 E. 51ST STREET PH 31 NEW YORK NY 10022 true 0001582758 Pessin Brian L. 65 E. 76TH STREET APARTMENT 3DE NEW YORK NY 10021 true 0000936979 PESSIN SANDRA F 400 E. 51ST STREET PH 31 NEW YORK NY 10022 true Common Stock 57972 D Common Stock 2022-02-04 2022-02-04 4 P 0 300000 4 A 766157 D Common Stock 160911 D Series B Convertible Preferred Stock 7 Common Stock 851 851 D 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. 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. Shares beneficially owned by Brian L. Pessin. Norman H. Pessin and Sandra F. Pessin expressly disclaim beneficial ownership of such shares. On October 1, 2021, Sandra L. Pessin and the Issuer agreed to increase the beneficial ownership limitation applicable to the Series B Convertible Preferred Stock ("Series B Preferred Stock") from 4.99% to 9.99% with respect to Common Stock owned by Sandra F. Pessin, affiliates of Sandra F. Pessin or members of a group with Sandra F. Pessin. As a result of this limitation, a portion of such shares of Series B Preferred Stock (convertible into 121,572 shares of Common Stock) are not currently convertible. The Series B Preferred Stock has no stated maturity date. Sandra F. Pessin owns 851 shares of Series B Preferred Stock convertible into 121,572 shares of Common Stock. /s/ Norman H. Pessin 2022-02-07 /s/ Sandra F. Pessin 2022-02-07 /s/ Brian L. Pessin 2022-02-07