UNITED STATES SECURITIES AND EXCHANGE COMMISSION ----------------------
FORM 3 Washington, D.C. 20549 | OMB APPROVAL |
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| OMB Number: |
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES | 3235-0104 |
| Expires: |
| November 30, 2011 |
| Estimated average |
| burden hours per |
| response 0.5 |
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section -----------------------
17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the
(Print or Type Responses) Investment Company Act of 1940
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|1. Name and Address of | 2.Date of Event |3. Issuer Name and Ticker or Trading Symbol |
| Reporting Person* | Requiring | |
| | Statement | |
| | (Month/Day/Year)| |
|Goldfarb Adrian Graham |04-29-2024 |DUOS TECHNOLOGIES GROUP, INC. DUOT |
|-----------------------------------------| |--------------------------------------------------------------------|
| (Last) (First) (Middle) | |4. Relationship of Reporting Person(s) to |5. If Amendment, Date |
| | | Issuer (Check All Applicable) | Original Filed |
| | | | (Month/Day/Year) |
|7660 CENTURION PARKWAY,SUITE 100 | | _____ Director _____ 10% Owner | |
|-----------------------------------------| | |-------------------------|
| (Street) | | __X__ Officer _____ Other |6. Individual or |
| | | | Joint/Group Filing |
|JACKSONVILLE,FL 32256 | | (give title below) (specify below) | (Check Applicable Line) |
| (City) (State) (Zip) | |Chief Financial Officer | _X_ Form filed by One |
| | | |Reporting Person |
| | | | ___ Form filed by More |
| | | |Than One Reporting Person|
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Table I -- Non-Derivative Securities Beneficially Owned
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| 1. | 2. | 3. | 4. |
| Title of Security (Instr. 4) | Amount of Securities | Ownership Form: | Nature of Indirect Beneficial |
| | Beneficially Owned | Direct (D) or | Ownership (Instr. 5) |
| | (Instr. 4) | Indirect (I) | |
| | | (Instr. 5) | |
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|Common Stock, $0.001 par value |10,079 |D | |
|--------------------------------------------------------------------------------|------------------------------------|
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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|1. | 2. | 3. |4. |5. |6. |
|Title of Derivative Security | Date | Title and |Conversion |Ownership |Nature of |
| (Instr. 4) | Exercisable | Amount of |or Exercise|Form of |Indirect |
| | and Expira- | Underlying |Price of |Derivative |Beneficial |
| | tion Date | Securities |Derivative |Security: |Ownership |
| | (Month/Day/ | (Instr. 4) |Security |Direct(D) or |(Instr. 5) |
| | Year) | | |Indirect (I) | |
| |------------------------|------------------| |(Instr. 5) | |
| | | | |Amount or | | | |
| | | | |Number | | | |
| |Date |Expiration | |of | | | |
| |Exercisable |Date |Title |Shares | | | |
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|Options to Purchase Shares of|04-01-2020 |04-01-2025 |Common|18,929 |$6 |D | |
| Common Stock | | | Stock| | | | |
| | | |, $0.0| | | | |
| | | |01 par| | | | |
| | | | value| | | | |
|---------------------------------------------------------------------------------------------------------------|
|Options to Purchase Shares of| |04-01-2025 |Common|18,929 |$4.74 |D | |
| Common Stock | | | Stock| | | | |
| | | |, $0.0| | | | |
| | | |01 par| | | | |
| | | | value| | | | |
| |#1 | | | | | | |
|---------------------------------------------------------------------------------------------------------------|
|Options to Purchase Shares of| |01-01-2027 |Common|75,000 |$6.41 |D | |
| Common Stock | | | Stock| | | | |
| | | |, $0.0| | | | |
| | | |01 par| | | | |
| | | | value| | | | |
| |#2 | | | | | | |
|---------------------------------------------------------------------------------------------------------------|
|Options to Purchase Shares of| |04-01-2028 |Common|28,417 |$4.22 |D | |
| Common Stock | | | Stock| | | | |
| | | |, $0.0| | | | |
| | | |01 par| | | | |
| | | | value| | | | |
| |#3 | | | | | | |
|---------------------------------------------------------------------------------------------------------------|
+----------------------------------------------------------------------------------+
| | Relationships |
| Reporting Owner Name / Address +----------+----------+----------+-------- -+
| | Director |10% Owner | Officer | Other |
+--------------------------------------+----------+----------+----------+----------+
|Goldfarb Adrian Graham | . | . |Chief Fina| |
| | | |ncial Offi| |
| | | |cer | |
|7660 CENTURION PARKWAY | | | | |
|SUITE 100 | | | | |
|JACKSONVILLE FL 32256 | | | | |
|--------------------------------------+----------+----------+----------+----------|
Explanation of Responses:
1 These options were granted on April 1, 2020. Options to purchase 9,465 shares of C
ommon Stock vested and became exercisable on January 1, 2021, and options to purchase
9,464 shares of Common Stock vested and became exercisable on January 1, 2022.
2 These options were granted on January 1, 2022. As of the date hereof, options to p
urchase 50,002 shares of Common Stock have vested and are exercisable. The remaining
options will vest and become exercisable on January 1, 2025.
3 These options were granted on April 1, 2023. As of the date hereof, options to purc
hase 9,473 shares have vested and are exercisable. One-half of the remaining options
will vest and become exercisable on April 1, 2025, and the other half will vest and b
ecome exercisable on April 1, 2026.
Remarks:
Mr. Goldfarb previously served as Chief Financial Officer of the Issuer through November 15, 2022. He was re-appointed as Chief Financial Officer effective April 29, 2024.
Signatures
/s/ Adrian G. Goldfarb / 05-01-2024
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** Signature of Reporting Person Date
* If the form is filed by more than one reporting person, seeInstruction 5(b)(v).
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See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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