Form 4: Duos Technologies CFO Acquires Shares Through Employee Stock Purchase Plan

Adrian Graham Goldfarb, CFO of Duos Technologies Group, Inc., acquired 506 shares of common stock through the company's Employee Stock Purchase Plan (ESPP) on June 28, 2024.

Summary

• On June 28, 2024, Adrian Graham Goldfarb, the CFO of Duos Technologies Group, Inc., acquired 506 shares of the company's common stock.
• The acquisition was made through the Duos Technologies Group, Inc. Employee Stock Purchase Plan (ESPP).
• The price per share was $2.295, based on 85% of the closing price of the common stock on the relevant measurement date, as per the ESPP terms.
• Following the transaction, Goldfarb directly owns 10,585 shares of Duos Technologies Group, Inc.
• The reporting person is voluntarily reporting the acquisition of shares of the issuer's Common Stock pursuant to the Duos Technologies Group, Inc. Employee Stock Purchase Plan (the 'ESPP').
• The transaction is also exempt under Rule 16b-3(c).

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a routine transaction (ESPP participation). It shows confidence but doesn't provide significant new information.

Positives

• The CFO's participation in the ESPP could be viewed positively as it demonstrates confidence in the company's future.

Industry Context

Form 4 filings are standard practice for company insiders reporting transactions in their company's stock, providing transparency to the market.

Key Dates