SGRP Form 4: President withholds 8,973 shares for taxes

SPAR Group, Inc. (SGRP) reported a Form 4 for President William Linnane to correct a prior report dated October 13, 2022.

Accepted by SEC EDGAR 11/04/2025 - 03:35 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

SPAR Group, Inc. (SGRP) reported a Form 4 for President William Linnane to correct a prior report dated October 13, 2022. The filing reflects a tax withholding transaction (Code F) on August 2, 2022, tied to the vesting of 26,882 shares of common stock. To satisfy withholding taxes, 8,973 shares were withheld at a price of $1.15 per share.

After the reported transaction, Linnane beneficially owned 17,909 shares directly.

Insider Trade Summary

Exercise Price or Tax Liability: 8,973 shares

Exercise Price or Tax Liability 1 txn

Insider Linnane William

Role President

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock, $.01 par value	8,973	$1.15	$10K

Holdings After Transaction: Common Stock, $.01 par value — 17,909 shares (Direct)

Footnotes (1)

1. F1. The purpose of this Form 4 is to correct the Form 4 for the Reporting Person, dated October 13, 2022, to reflect that the Reporting Person elected to withhold 8,973 shares of common stock of the Company to satisfy his tax withholding obligations incurred with the vesting of 26,882 shares of common stock of the Company on August 2, 2022.

FAQ

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What did SGRP disclose in this Form 4?

A correction noting President William Linnane had a tax withholding (Code F) on 08/02/2022 related to vesting, with 8,973 shares withheld at $1.15.

How many SGRP shares vested for the reporting person?

The filing states that 26,882 shares of common stock vested on August 2, 2022.

How many SGRP shares were withheld for taxes?

8,973 shares were withheld to satisfy tax obligations tied to the vesting.

What was the price used for the tax withholding shares?

The tax withholding shares were priced at $1.15 per share.

How many SGRP shares does the reporting person own after the transaction?

Following the transaction, the reporting person beneficially owned 17,909 shares directly.

Who is the reporting person and their role at SGRP?

President William Linnane is the reporting person, listed as an officer (President).

What was the purpose of this correction?

To reflect the election to withhold 8,973 shares for taxes associated with the 08/02/2022 vesting of 26,882 shares.

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^*

Linnane William

(Last) (First) (Middle)

C/O SPAR GROUP, INC.

110 EAST BOULEVARD, SUITE 1600

(Street)

CHARLOTTE NC 28203

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
08/02/2022

4. 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 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	08/02/2022		F		8,973(1)	D	$1.15	17,909	D

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. The purpose of this Form 4 is to correct the Form 4 for the Reporting Person, dated October 13, 2022, to reflect that the Reporting Person elected to withhold 8,973 shares of common stock of the Company to satisfy his tax withholding obligations incurred with the vesting of 26,882 shares of common stock of the Company on August 2, 2022.

	/s/ William Linnane	11/04/2025
	** 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 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.