SPAR Group, Inc. (SGRP) insider makes 135,000-share bona fide gift
Rhea-AI Filing Summary
Robert G. Brown, a more-than-10% owner of SPAR Group, Inc., reported a bona fide gift of 135,000 shares of Common Stock on July 30, 2026. After the gift, he reported 2,742,389 shares in the direct ownership line, which includes 45,000 shares owned by his wife, as to which he disclaims beneficial ownership, and estimated shares tied to a defined benefit pension trust. He also reported indirect holdings of 3,000,000 shares through Innovative Global Technologies LLC and 538,194 shares through SPAR Business Services, Inc.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 135,000 shares
Net Sell
3 txns
Insider
BROWN ROBERT G/
Role
10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock, $.01 par value F1, F2, F3 | 135,000 | -- | -- |
| holding | Common Stock, $.01 par value F4 | -- | -- | -- |
| holding | Common Stock, $.01 par value F5 | -- | -- | -- |
Holdings After Transaction:
Common Stock, $.01 par value — 2,742,389 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 (5)
- F1. Not applicable.
- F2. Includes 45,000 shares owned by Jean Brown, the wife of Robert G. Brown, as to which Robert G. Brown disclaims any beneficial ownership.
- F3. Includes estimated shares deemed to be beneficially owned by Robert and Jean Brown in a defined benefit pension trust due to receiving a pension.
- F4. Robert G. Brown is a Manager of Innovative Global Technologies LLC.
- F5. Robert G. Brown is the controlling officer/director and a significant stockholder of SPAR Business Services, Inc. (SBS).
Key Figures
Gifted shares: 135,000 shares
Direct holdings after gift: 2,742,389 shares
Indirect holdings via Innovative Global Technologies LLC: 3,000,000 shares
+1 more
4 metrics
Gifted shares
135,000 shares
Bona fide gift of Common Stock on July 30, 2026
Direct holdings after gift
2,742,389 shares
Shares reported in direct ownership line following the gift, including spousal and pension trust-related shares
Indirect holdings via Innovative Global Technologies LLC
3,000,000 shares
Shares indirectly held through Innovative Global Technologies LLC
Indirect holdings via SPAR Business Services, Inc.
538,194 shares
Shares indirectly held through SPAR Business Services, Inc.
Key Terms
bona fide gift, beneficial ownership, defined benefit pension trust, controlling officer/director
4 terms
bona fide gift financial
"Transaction code G is described as a bona fide gift disposition."
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
beneficial ownership financial
"disclaims any beneficial ownership of 45,000 shares owned by his wife."
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
"Includes estimated shares deemed to be beneficially owned in a defined benefit pension trust."
controlling officer/director financial
"is the controlling officer/director and a significant stockholder of SPAR Business Services, Inc."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What transaction did Robert G. Brown report in SPAR Group (SGRP)’s latest Form 4?
Robert G. Brown reported a bona fide gift of 135,000 shares of SPAR Group Common Stock on July 30, 2026. The transaction is coded “G” for gift, with no sale price reported and no indication of a market transaction.
What indirect SPAR Group (SGRP) holdings does Robert G. Brown report through entities?
Brown reported 3,000,000 shares indirectly through Innovative Global Technologies LLC and 538,194 shares indirectly through SPAR Business Services, Inc. Footnotes state he is a manager of Innovative Global and the controlling officer/director and a significant stockholder of SPAR Business Services.