SPAR Group owner Robert G. Brown sells 1,000 shares

Reported indirect holdings included 3,000,000 shares through Innovative Global Technologies LLC and 538,194 shares through SPAR Business Services, Inc.

Available on EDGAR 11/06/2026 - 02:09 PM EST Accepted by SEC EDGAR 11/06/2026 - 02:08 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

SPAR Group, Inc. ten-percent owner Robert G. Brown sold 1,000 shares of common stock at $0.65 per share on November 5, 2026. His reported direct post-sale amount was 2,741,389 shares; it includes 44,000 shares owned by Jean Brown, whose beneficial ownership Robert disclaims, and estimated shares deemed beneficially owned by Robert and Jean Brown in a defined benefit pension trust due to receiving a pension.

Insider Trade Summary

Net Seller: 1,000 shares

Net Sell 1 txn

Insider BROWN ROBERT G/

Role 10% Owner

Sold 1,000 shs ($650.00)

Type	Security	Shares	Price	Value
Sale	Common Stock, $.01 par value F1, F2	1,000	$0.65	$650.00
Holding	Common Stock, $.01 par value F3	--	--	--
Holding	Common Stock, $.01 par value F4	--	--	--

Holdings After Transaction: Common Stock, $.01 par value — 2,741,389 shares (Direct); Common Stock, $.01 par value — 3,000,000 shares (Indirect, By Innovative Global Technologies LLC.); Common Stock, $.01 par value — 538,194 shares (Indirect, By SPAR Business Services, Inc.)

Footnotes (4)

1. F1. Includes 44,000 shares owned by Jean Brown, the wife of Robert G. Brown, as to which Robert G. Brown disclaims any beneficial ownership.
2. F2. Includes estimated shares deemed to be beneficially owned by Robert and Jean Brown in a defined benefit pension trust due to receiving a pension.
3. F3. Robert G. Brown is a Manager of Innovative Global Technologies LLC.
4. F4. Robert G. Brown is the controlling officer/director and a significant stockholder of SPAR Business Services, Inc. (SBS).

Key Figures

Shares sold: 1,000 shares Sale price per share: $0.65 per share Reported direct post-sale amount: 2,741,389 shares +2 more

5 metrics

Shares sold 1,000 shares November 5, 2026

Sale price per share $0.65 per share November 5, 2026

Reported direct post-sale amount 2,741,389 shares Includes 44,000 shares owned by Jean Brown and estimated shares deemed beneficially owned by Robert and Jean Brown in a defined benefit pension trust.

Indirect shares through Innovative Global Technologies LLC 3,000,000 shares Reported as of November 5, 2026

Indirect shares through SPAR Business Services, Inc. 538,194 shares Reported as of November 5, 2026

Key Terms

beneficial ownership, defined benefit pension trust, controlling officer/director

3 terms

beneficial ownership financial

"disclaims any beneficial ownership."

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

defined benefit pension trust financial

"in a defined benefit pension trust due to receiving a pension."

controlling officer/director technical

"the controlling officer/director and a significant stockholder of SPAR Business Services, Inc. (SBS)."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many SGRP shares did Robert G. Brown sell?

Robert G. Brown, a ten-percent owner of SPAR Group, Inc., sold 1,000 shares at $0.65 per share on November 5, 2026. No Rule 10b5-1 plan is reported for the sale.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

BROWN ROBERT G/

(Last) (First) (Middle)

C/O SPAR GROUP, INC.

110 EAST BOULEVARD, SUITE 1600

(Street)

CHARLOTTE NORTH CAROLINA 28203

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
11/05/2026

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

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

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

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, $.01 par value	11/05/2026		S		1,000	D	$0.65	2,741,389(1)(2)	D
Common Stock, $.01 par value								3,000,000	I	By Innovative Global Technologies LLC.(3)
Common Stock, $.01 par value								538,194	I	By SPAR Business Services, Inc.(4)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Includes 44,000 shares owned by Jean Brown, the wife of Robert G. Brown, as to which Robert G. Brown disclaims any beneficial ownership.

2. Includes estimated shares deemed to be beneficially owned by Robert and Jean Brown in a defined benefit pension trust due to receiving a pension.

3. Robert G. Brown is a Manager of Innovative Global Technologies LLC.

4. Robert G. Brown is the controlling officer/director and a significant stockholder of SPAR Business Services, Inc. (SBS).

	Robert G. Brown	11/06/2026
	** 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 4 (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.
* Form 4: SEC 1474 (03-26)