DUOT · Duos Technologies Group, Inc.

This executive transition represents a significant leadership inflection point for Duos Technologies Group, Inc., with Douglas Recker assuming the dual roles of CEO and President effective April 1, 2026 — a move that consolidates strategic and operational authority under new management. Charles Ferry, while stepping down from the CEO role, retains a formal governance role as a Director and maintains executive leadership at New APR Energy, LLC, where Duos holds a 5% equity stake — preserving a strategic linkage between the entities. The amendment of Ferry’s equity award is materially consequential: the reduction from 552,889 to 261,445 shares reflects a negotiated adjustment tied to his shift from executive employee to non-employee director, and the revised forfeiture condition — now hinged solely on continued board service rather than employment — signals both recognition of past service and an alignment of long-term incentives with ongoing governance participation. The vesting date remains fixed at December 31, 2027, indicating no acceleration or extension, and the agreement explicitly supersedes all prior restricted stock grants, eliminating any residual claims under the January 1, 2025 award. Investors should monitor Recker’s strategic direction and execution capacity, particularly given the absence of disclosed background or prior experience in the filing, and assess how Ferry’s continued board presence may influence oversight continuity during this transition.