SPAR Group (SGRP) Director Files Form 3 with Zero Holdings

Rhea-AI Filing Summary

SPAR Group, Inc. (SGRP)Panagiotis Nikolaos Lazaretos currently has no beneficial ownership of the company’s securities. A Form 3 is used when an insider, such as a director or large shareholder, is first required to report their holdings. In this case, the disclosure clearly states that no securities are beneficially owned, and both the non-derivative and derivative securities tables are effectively empty. This indicates that, at the time of the reported event, the director held no SPAR Group shares or related derivative instruments in either a direct or indirect capacity.

11/26/2025 - 08:45 AM

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

LAZARETOS PANAGIOTIS NIKOLAOS

(Last) (First) (Middle)

103M1 MARKOU BOTSARI STR

KIFISSIA

(Street)

ATTICA J3 14561

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
05/06/2025

3. Issuer Name and Ticker or Trading Symbol
SPAR Group, Inc. [ SGRP ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

No securities are beneficially owned.

	PANAGIOTIS NIKOLAOS LAZARETOS	11/26/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What does SGRP's Form 3 for Panagiotis Nikolaos Lazaretos report?

The Form 3 for SPAR Group, Inc. (SGRP) reports that director Panagiotis Nikolaos Lazaretos has no beneficial ownership of the company’s securities.

What is the relationship of Panagiotis Nikolaos Lazaretos to SPAR Group (SGRP)?

Panagiotis Nikolaos Lazaretos is identified as a director of SPAR Group, Inc. (SGRP) and is filing as a single reporting person.

Does the SGRP director report any non-derivative shares owned?

No. The disclosure states in the explanation of responses that no securities are beneficially owned, so the non-derivative securities table has no reported holdings.

Are any derivative securities reported as owned by the SGRP director?

No derivative securities are reported. The derivative securities table contains no positions, and the explanation confirms that no securities are beneficially owned.

Is the SGRP Form 3 filed by one or multiple reporting persons?

The document indicates that it is a Form filed by one reporting person, namely Panagiotis Nikolaos Lazaretos.