SCHEDULE 13G/A: Laurence W. Lytton Maintains Significant Stake in Duos Technologies Group, Inc. Below 5% Threshold

Laurence W. Lytton has filed an amended Schedule 13G, disclosing a 4.99% beneficial ownership in Duos Technologies Group, Inc., maintaining his stake just below the 5% reporting threshold.

Summary

• Laurence W. Lytton reported beneficial ownership of 427,002 shares of Common Stock in DUOS TECHNOLOGIES GROUP, INC.
• This ownership represents 4.99% of the outstanding Common Stock of the Issuer.
• The percentage is calculated based on 8,410,625 shares of Common Stock outstanding as of November 13, 2024, as reported in the Issuer's Form 10-Q filed on November 19, 2024.
• The reported shares exclude 383,143 shares issuable on conversion of preferred stock and 100,000 shares issuable on conversion of debt, both subject to a 4.99% beneficial ownership limitation or blocker.
• Mr. Lytton holds sole voting power and sole dispositive power over all 427,002 shares.
• The filing is an Amendment No. 6 to the Schedule 13G, indicating ongoing disclosure of ownership changes.
• The securities were not acquired and are not held for the purpose of changing or influencing the control of the issuer.

Sentiment

Score: 5

Explanation: The document is a neutral, factual disclosure of beneficial ownership, providing no positive or negative operational or financial news.

Future Outlook

NA

Industry Context

This filing is a routine disclosure of beneficial ownership by a significant shareholder, common across all publicly traded industries. It does not provide specific insights into Duos Technologies Group, Inc.'s operational performance or broader industry trends, but rather reflects an individual investor's position.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant individual shareholder's stake in the company, confirming a stable ownership position below the 5% threshold.

Key Dates

Keywords

DUOS TECHNOLOGIES GROUP, Laurence W. Lytton, Schedule 13G, Beneficial Ownership, Common Stock, SEC Filing, Shareholder Disclosure, Investment