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[8-K] Duos Technologies Group, Inc. Reports Material Event

Filing Impact
(Neutral)
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(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

On 07/30/2024, Grindr Inc. (GRND) filed a Form 4 detailing an insider equity award to director and 10% owner George Raymond Zage III. He received 6,669 restricted stock units (RSUs) at no cost. The RSUs vest 25% on 10/30/2025 and the remainder in equal quarterly installments, conditioned on continued service under the 2022 Equity Incentive Plan.

Following the grant, Zage’s direct ownership rises to 6,733,283 common shares. He also maintains indirect control of 85,926,333 shares through Tiga Eighty-Eight Pte Ltd and 1,060,507 shares via Big Timber Holdings LLC. No shares were sold and no derivative positions were reported.

The incremental grant is immaterial relative to Zage’s existing >10% stake and does not alter float or signal operational developments. The filing is principally a routine disclosure of executive compensation and ownership structure.

Il 30/07/2024, Grindr Inc. (GRND) ha presentato un Modulo 4 che dettaglia un premio azionario interno al direttore e proprietario del 10% George Raymond Zage III. Ha ricevuto 6.669 unità azionarie vincolate (RSU) senza alcun costo. Le RSU maturano per il 25% il 30/10/2025 e il resto in rate trimestrali uguali, subordinatamente al mantenimento del servizio secondo il Piano di Incentivi Azionari 2022.

Dopo l’assegnazione, la proprietà diretta di Zage sale a 6.733.283 azioni ordinarie. Mantiene inoltre il controllo indiretto di 85.926.333 azioni tramite Tiga Eighty-Eight Pte Ltd e di 1.060.507 azioni tramite Big Timber Holdings LLC. Non sono state vendute azioni né segnalate posizioni derivate.

Il premio aggiuntivo è irrilevante rispetto alla partecipazione esistente di Zage superiore al 10% e non modifica il flottante né indica sviluppi operativi. La comunicazione è principalmente una divulgazione di routine riguardante la remunerazione e la struttura proprietaria degli esecutivi.

El 30/07/2024, Grindr Inc. (GRND) presentó un Formulario 4 detallando una concesión de acciones internas al director y propietario del 10% George Raymond Zage III. Recibió 6,669 unidades de acciones restringidas (RSU) sin costo alguno. Las RSU se consolidan en un 25% el 30/10/2025 y el resto en cuotas trimestrales iguales, condicionadas a la continuidad del servicio bajo el Plan de Incentivos de Capital 2022.

Tras la concesión, la propiedad directa de Zage aumenta a 6,733,283 acciones comunes. También mantiene el control indirecto de 85,926,333 acciones a través de Tiga Eighty-Eight Pte Ltd y de 1,060,507 acciones vía Big Timber Holdings LLC. No se vendieron acciones ni se reportaron posiciones derivadas.

La concesión incremental es insignificante en relación con la participación existente superior al 10% de Zage y no altera el flotante ni indica desarrollos operativos. La presentación es principalmente una divulgación rutinaria de la compensación ejecutiva y la estructura de propiedad.

2024ë…� 7ì›� 30ì�, Grindr Inc. (GRND)ì€ ì´ì‚¬ì´ìž 10% ì§€ë¶� 보유ìžì¸ George Raymond Zage IIIì—게 ë‚´ë¶€ìž� ì£¼ì‹ ë³´ìƒì� ìƒì„¸íž� 기재í•� Form 4ë¥� 제출했습니다. 그는 비용 ì—†ì´ 6,669ê°œì˜ ì œí•œ ì£¼ì‹ ë‹¨ìœ„(RSU)ë¥� 받았습니ë‹�. RSUëŠ� 2025ë…� 10ì›� 30ì¼ì— 25%ê°€ ì·¨ë“ë˜ë©°, 나머지ëŠ� 2022ë…� ì£¼ì‹ ì¸ì„¼í‹°ë¸Œ 계íšì—� 따른 ì§€ì†� 근무 ì¡°ê±´ í•˜ì— ë™ì¼í•� 분기ë³� í• ë¶€ë¡� ì·¨ë“ë©ë‹ˆë‹�.

ë³´ìƒ í›�, Zageì� ì§ìΪ 소유 주ì‹ì€ 6,733,283 보통ì£�ë¡� ì¦ê°€í–ˆìŠµë‹ˆë‹¤. 그는 ë˜í•œ Tiga Eighty-Eight Pte Ltdë¥� 통해 85,926,333ì£�와 Big Timber Holdings LLCë¥� 통해 1,060,507ì£�ë¥� ê°Ñ«Îªìœ¼ë¡œ 통제하고 있습니다. ì£¼ì‹ ë§¤ë„ë‚� 파ìƒìƒí’ˆ í¬ì§€ì…� ë³´ê³ ëŠ� 없었습니ë‹�.

추가 ë³´ìƒì€ Zageê°€ 보유í•� 10% ì´ìƒì� 기존 ì§€ë¶„ì— ë¹„í•´ 미미하며, 유통 ì£¼ì‹ ìˆ˜ë‚˜ ìš´ì˜ìƒì˜ 변화를 나타내지 않습니다. ì´ë²ˆ ì œì¶œì€ ì£¼ë¡œ ìž„ì› ë³´ìƒê³� 소유 구조ì—� ê´€í•� 정기ì ì¸ 공시입니ë‹�.

Le 30/07/2024, Grindr Inc. (GRND) a déposé un formulaire 4 détaillant une attribution d’actions interne au directeur et détenteur de 10% George Raymond Zage III. Il a reçu 6 669 unités d’actions restreintes (RSU) sans frais. Les RSU seront acquises à 25% le 30/10/2025 et le reste en versements trimestriels égaux, conditionnés à la poursuite du service selon le Plan d’Incitation en Actions 2022.

Suite à cette attribution, la propriété directe de Zage passe à 6 733 283 actions ordinaires. Il conserve également le contrôle indirect de 85 926 333 actions via Tiga Eighty-Eight Pte Ltd et de 1 060 507 actions via Big Timber Holdings LLC. Aucune action n’a été vendue et aucune position dérivée n’a été déclarée.

Cette attribution supplémentaire est négligeable par rapport à la participation existante de Zage supérieure à 10% et n’affecte pas le flottant ni ne signale de développements opérationnels. Le dépôt est principalement une divulgation de routine concernant la rémunération des dirigeants et la structure de propriété.

Am 30.07.2024 reichte Grindr Inc. (GRND) ein Formular 4 ein, das eine Insider-Aktienzuteilung an den Direktor und 10%-Eigentümer George Raymond Zage III detailliert. Er erhielt 6.669 Restricted Stock Units (RSUs) ohne Kosten. Die RSUs werden zu 25% am 30.10.2025 fällig, der Rest in gleichen vierteljährlichen Raten, abhängig von fortgesetztem Dienst unter dem Equity Incentive Plan 2022.

Nach der Zuteilung steigt Zages direkter Besitz auf 6.733.283 Stammaktien. Er behält außerdem die indirekte Kontrolle über 85.926.333 Aktien über Tiga Eighty-Eight Pte Ltd und 1.060.507 Aktien über Big Timber Holdings LLC. Es wurden keine Aktien verkauft und keine Derivatpositionen gemeldet.

Die zusätzliche Zuteilung ist im Verhältnis zu Zages bestehendem >10%-Anteil unerheblich und verändert weder den Streubesitz noch signalisiert sie operative Entwicklungen. Die Meldung ist hauptsächlich eine routinemäßige Offenlegung der Führungskräftevergütung und Eigentümerstruktur.

Positive
  • None.
Negative
  • None.

Insights

TL;DR: Routine RSU award to large shareholder; no market-moving details.

This Form 4 records a small equity incentive�6,669 RSUs—granted to George Zage. It modestly increases his direct holding but leaves his aggregate beneficial ownership effectively unchanged at roughly 93.7 million shares. The zero-cost grant aligns compensation with shareholder value but is far too small to influence governance or control dynamics. Because no dispositions occurred and vesting is long-dated, I view the filing as procedural, not price-sensitive.

TL;DR: De minimis addition; neutral for GRND valuation.

The grant equals <0.01% of GRND’s float and does not change insider ownership concentration. Absence of sales is mildly reassuring, yet the scale is immaterial for earnings, dilution, or float tightening. I do not expect trading impact or need to adjust position sizing based on this disclosure.

Il 30/07/2024, Grindr Inc. (GRND) ha presentato un Modulo 4 che dettaglia un premio azionario interno al direttore e proprietario del 10% George Raymond Zage III. Ha ricevuto 6.669 unità azionarie vincolate (RSU) senza alcun costo. Le RSU maturano per il 25% il 30/10/2025 e il resto in rate trimestrali uguali, subordinatamente al mantenimento del servizio secondo il Piano di Incentivi Azionari 2022.

Dopo l’assegnazione, la proprietà diretta di Zage sale a 6.733.283 azioni ordinarie. Mantiene inoltre il controllo indiretto di 85.926.333 azioni tramite Tiga Eighty-Eight Pte Ltd e di 1.060.507 azioni tramite Big Timber Holdings LLC. Non sono state vendute azioni né segnalate posizioni derivate.

Il premio aggiuntivo è irrilevante rispetto alla partecipazione esistente di Zage superiore al 10% e non modifica il flottante né indica sviluppi operativi. La comunicazione è principalmente una divulgazione di routine riguardante la remunerazione e la struttura proprietaria degli esecutivi.

El 30/07/2024, Grindr Inc. (GRND) presentó un Formulario 4 detallando una concesión de acciones internas al director y propietario del 10% George Raymond Zage III. Recibió 6,669 unidades de acciones restringidas (RSU) sin costo alguno. Las RSU se consolidan en un 25% el 30/10/2025 y el resto en cuotas trimestrales iguales, condicionadas a la continuidad del servicio bajo el Plan de Incentivos de Capital 2022.

Tras la concesión, la propiedad directa de Zage aumenta a 6,733,283 acciones comunes. También mantiene el control indirecto de 85,926,333 acciones a través de Tiga Eighty-Eight Pte Ltd y de 1,060,507 acciones vía Big Timber Holdings LLC. No se vendieron acciones ni se reportaron posiciones derivadas.

La concesión incremental es insignificante en relación con la participación existente superior al 10% de Zage y no altera el flotante ni indica desarrollos operativos. La presentación es principalmente una divulgación rutinaria de la compensación ejecutiva y la estructura de propiedad.

2024ë…� 7ì›� 30ì�, Grindr Inc. (GRND)ì€ ì´ì‚¬ì´ìž 10% ì§€ë¶� 보유ìžì¸ George Raymond Zage IIIì—게 ë‚´ë¶€ìž� ì£¼ì‹ ë³´ìƒì� ìƒì„¸íž� 기재í•� Form 4ë¥� 제출했습니다. 그는 비용 ì—†ì´ 6,669ê°œì˜ ì œí•œ ì£¼ì‹ ë‹¨ìœ„(RSU)ë¥� 받았습니ë‹�. RSUëŠ� 2025ë…� 10ì›� 30ì¼ì— 25%ê°€ ì·¨ë“ë˜ë©°, 나머지ëŠ� 2022ë…� ì£¼ì‹ ì¸ì„¼í‹°ë¸Œ 계íšì—� 따른 ì§€ì†� 근무 ì¡°ê±´ í•˜ì— ë™ì¼í•� 분기ë³� í• ë¶€ë¡� ì·¨ë“ë©ë‹ˆë‹�.

ë³´ìƒ í›�, Zageì� ì§ìΪ 소유 주ì‹ì€ 6,733,283 보통ì£�ë¡� ì¦ê°€í–ˆìŠµë‹ˆë‹¤. 그는 ë˜í•œ Tiga Eighty-Eight Pte Ltdë¥� 통해 85,926,333ì£�와 Big Timber Holdings LLCë¥� 통해 1,060,507ì£�ë¥� ê°Ñ«Îªìœ¼ë¡œ 통제하고 있습니다. ì£¼ì‹ ë§¤ë„ë‚� 파ìƒìƒí’ˆ í¬ì§€ì…� ë³´ê³ ëŠ� 없었습니ë‹�.

추가 ë³´ìƒì€ Zageê°€ 보유í•� 10% ì´ìƒì� 기존 ì§€ë¶„ì— ë¹„í•´ 미미하며, 유통 ì£¼ì‹ ìˆ˜ë‚˜ ìš´ì˜ìƒì˜ 변화를 나타내지 않습니다. ì´ë²ˆ ì œì¶œì€ ì£¼ë¡œ ìž„ì› ë³´ìƒê³� 소유 구조ì—� ê´€í•� 정기ì ì¸ 공시입니ë‹�.

Le 30/07/2024, Grindr Inc. (GRND) a déposé un formulaire 4 détaillant une attribution d’actions interne au directeur et détenteur de 10% George Raymond Zage III. Il a reçu 6 669 unités d’actions restreintes (RSU) sans frais. Les RSU seront acquises à 25% le 30/10/2025 et le reste en versements trimestriels égaux, conditionnés à la poursuite du service selon le Plan d’Incitation en Actions 2022.

Suite à cette attribution, la propriété directe de Zage passe à 6 733 283 actions ordinaires. Il conserve également le contrôle indirect de 85 926 333 actions via Tiga Eighty-Eight Pte Ltd et de 1 060 507 actions via Big Timber Holdings LLC. Aucune action n’a été vendue et aucune position dérivée n’a été déclarée.

Cette attribution supplémentaire est négligeable par rapport à la participation existante de Zage supérieure à 10% et n’affecte pas le flottant ni ne signale de développements opérationnels. Le dépôt est principalement une divulgation de routine concernant la rémunération des dirigeants et la structure de propriété.

Am 30.07.2024 reichte Grindr Inc. (GRND) ein Formular 4 ein, das eine Insider-Aktienzuteilung an den Direktor und 10%-Eigentümer George Raymond Zage III detailliert. Er erhielt 6.669 Restricted Stock Units (RSUs) ohne Kosten. Die RSUs werden zu 25% am 30.10.2025 fällig, der Rest in gleichen vierteljährlichen Raten, abhängig von fortgesetztem Dienst unter dem Equity Incentive Plan 2022.

Nach der Zuteilung steigt Zages direkter Besitz auf 6.733.283 Stammaktien. Er behält außerdem die indirekte Kontrolle über 85.926.333 Aktien über Tiga Eighty-Eight Pte Ltd und 1.060.507 Aktien über Big Timber Holdings LLC. Es wurden keine Aktien verkauft und keine Derivatpositionen gemeldet.

Die zusätzliche Zuteilung ist im Verhältnis zu Zages bestehendem >10%-Anteil unerheblich und verändert weder den Streubesitz noch signalisiert sie operative Entwicklungen. Die Meldung ist hauptsächlich eine routinemäßige Offenlegung der Führungskräftevergütung und Eigentümerstruktur.

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

——————

 

FORM 8-K

 

——————

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): July 30, 2025

 

——————

 

Duos Technologies Group, Inc.

(Exact name of registrant as specified in its charter)

 

——————

 

Florida 001-39227 65-0493217
(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)

 

7660 Centurion Parkway, Suite 100, Jacksonville, Florida 32256

(Address of Principal Executive Offices) (Zip Code)

 

(904) 296-2807

(Registrant’s telephone number, including area code)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Common Stock (par value $0.001 per share)   DUOT   The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. 

 

 
 

 

 
 

Item 1.01 Entry Into a Material Definitive Agreement

 

On July 30, 2025, Duos Technologies Group, Inc. (the “Company”) priced its recently announced public offering (the “Offering”) of common stock, par value $0.001 per share (the “Common Stock”), for gross proceeds of approximately $36.9 million. The securities in the Offering were offered and sold by the Company pursuant to an effective shelf registration statement on Form S-3, which was initially filed with the Securities and Exchange Commission on June 12, 2023 and, as amended, was declared effective on June 21, 2023 (File No. 333-272603), and the Registration Statement on Form S-3MEF, filed on July 30. 2025 (File No. 333-289106), and the base prospectus dated June 21, 2023, as supplemented by the preliminary prospectus supplement filed on July 30, 2025 and a final prospectus supplement filed on August 1, 2025 (the “Prospectus Supplement”) pursuant to Rule 424(b) under the Securities Act of 1933, as amended (the “Securities Act”). The Offering closed on August 1, 2025.

 

The Offering was conducted pursuant to an underwriting agreement (the “Agreement”) between the Company and Titan Partners Group LLC, a division of American Capital Partners, LLC, as the sole bookrunner (the “Underwriter”), that was entered into on July 30, 2025. Pursuant to the Agreement, we sold 6,666,667 shares of Common Stock in the Offering at a public offering price of $6.00 per share, less underwriting discounts and commissions. We also granted the Underwriter a 30-day option to purchase up to an additional 838,851 shares of Common Stock from the Company at the public offering price, less underwriting discounts and commissions. We also agreed to issue to the Underwriter a warrant to purchase 333,334 shares of Common Stock. The underwriter’s warrant is exercisable immediately and for a period of five years from the date of the Agreement, at an exercise price of $7.20 per share. The material terms of the Offering are described in the Registration Statement and the Prospectus Supplement. The Agreement contains customary representations, warranties and agreements of us. We also agreed in the Agreement to indemnify the Underwriter against certain liabilities.

The foregoing descriptions of the Agreement and underwriter warrant are not complete and are qualified in their entirely by reference to the full text of the Agreement and a form of underwriter warrant, copies of which are filed as Exhibits 1.1 and 4.1, respectively, to this Current Report on Form 8-K and are incorporated herein by reference.

The legal opinion and consent of Shutts & Bowen LLP relating to the securities is filed as Exhibit 5.1 to this Current Report on Form 8-K and is incorporated herein by reference.

 

Item 8.01 Other Events.

 

On July 30, 2025, the Company issued two press releases, the first announcing that it had commenced the Offering and the second announcing the pricing of the Offering. Copies of these press releases are filed as Exhibits 99.1 and 99.2, respectively, to this Current Report on Form 8-K and are incorporated herein by reference.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit No.   Description of Exhibit
1.1  

Underwriting Agreement, dated July 30, 2025, between Duos Technologies Group, Inc. and Titan Partners Group LLC, a division of American Capital Partners, LLC.

4.1   Form of Underwriter Warrant
5.1   Opinion of Shutts & Bowen LLP
23.1   Consent of Shutts & Bowen LLP (included in Exhibit 5.1)
99.1   Press Release, dated July 30, 2025, regarding commencement of the Offering.
99.2   Press Release, dated July 30, 2025, regarding pricing of the Offering.
104   Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)

 

 

 
 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

 

  DUOS TECHNOLOGIES GROUP, INC.
     
     
Dated: August 1, 2025 By:   /s/ Adrian G. Goldfarb
    Adrian G. Goldfarb

Chief Financial Officer

   

 

 

 

FAQ

How many Grindr (GRND) shares did George Zage acquire?

He was granted 6,669 RSUs, each convertible into one share of common stock.

What is the vesting schedule for the RSUs granted on 07/30/2024?

25% vests on 10/30/2025; the balance vests in equal quarterly installments thereafter.

What is George Zage’s total beneficial ownership after the transaction?

Direct: 6,733,283 shares; Indirect: 87,0-million+ shares via affiliated entities.

Did the insider sell any Grindr shares in this Form 4?

No. The filing reports only an acquisition of RSUs; there were no sales or dispositions.

Why is this Form 4 important to GRND investors?

It discloses insider equity awards, offering transparency on compensation and ownership, though the size is not material to valuation.
Duos Technologies Group Inc

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Software - Application
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United States
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