Form 4: DUOS Technologies CFO Boosts Stake with ESPP Purchase and Major Equity Grant

DUOS Technologies Group, Inc.'s CFO, Adrian Graham Goldfarb, acquired 2,789 shares through the Employee Stock Purchase Plan and was granted 441,275 shares under the 2021 Equity Incentive Plan.

Summary

• Adrian Graham Goldfarb, Chief Financial Officer of DUOS Technologies Group, Inc. (DUOT), reported transactions involving the company's common stock.
• Acquired 2,789 shares of common stock at a price of $6.0435 per share through the Employee Stock Purchase Plan (ESPP) on June 30, 2025.
• The ESPP purchase price represents 85% of the common stock's closing price on the relevant measurement date.
• Beneficial ownership of common stock following this acquisition is 3,266 shares.
• Received a grant of 441,275 shares of common stock under the Issuer's 2021 Equity Incentive Plan, as amended.
• These granted shares are subject to a three-year cliff vesting period, with all shares vesting on January 1, 2028.

Sentiment

Score: 7

Explanation: The filing indicates positive alignment of management interests with shareholders through stock acquisition and a significant equity grant, suggesting confidence and long-term commitment. No negative financial or operational news is present.

Positives

• The CFO's acquisition of shares through the Employee Stock Purchase Plan indicates personal investment and confidence in the company's future.
• A significant equity grant to the CFO aligns management's long-term interests directly with shareholder value creation.

Risks

• The 441,275 shares granted to the CFO are subject to a three-year cliff vesting period, meaning the full value of these shares is contingent upon continued employment until January 1, 2028.

Future Outlook

The significant equity grant to the CFO, with a vesting date in 2028, suggests a strategic move to retain key management and align their long-term financial interests with the company's future performance and growth.

Management Comments

• 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').
• In accordance with the ESPP, these shares were purchased based on 85% of the closing price of the Common Stock on the relevant measurement date.
• The shares were granted pursuant to the Issuer's 2021 Equity Incentive Plan, as amended, and are subject to a three-year cliff vesting period. All of the shares vest on January 1, 2028.

Industry Context

This Form 4 filing reflects standard corporate practices for executive compensation and employee stock purchase plans within publicly traded companies. Equity grants are common tools for executive retention and performance alignment in the technology sector, particularly for companies like DUOS Technologies Group, Inc., which operates in the technology space.

Comparison to Industry Standards

• Employee Stock Purchase Plans (ESPPs) offering a discount (e.g., 15% discount as implied by 85% of closing price) are a common benefit in many industries, including technology, to encourage employee ownership.
• Long-term equity incentive plans with cliff vesting periods (e.g., three years) are standard practice for executive compensation across various industries, including technology, to ensure long-term commitment and align executive interests with shareholder value.
• The size of the equity grant (441,275 shares) for a CFO would need to be compared against similar roles in companies of comparable market capitalization and revenue within the technology or industrial technology sector to assess if it is above, below, or within industry norms. Without specific market capitalization or revenue data for DUOT, a direct quantitative comparison is not possible from this document alone.

Stakeholder Impact

• Shareholders: The CFO's increased ownership and long-term equity incentives align management's interests with shareholder value creation.
• Employees: The Employee Stock Purchase Plan (ESPP) indicates a program available to employees, potentially fostering broader employee ownership and alignment.

Next Steps

• The 441,275 granted shares will vest on January 1, 2028, subject to the CFO's continued employment.

Key Dates

Keywords

DUOS Technologies Group, DUOT, Form 4, SEC filing, insider transaction, stock acquisition, equity grant, CFO, Adrian Graham Goldfarb, Employee Stock Purchase Plan, ESPP, Equity Incentive Plan, stock vesting