SPAR Group (SGRP) former 10% owner sells 4,709,837 shares

Rhea-AI Filing Summary

SPAR Group, Inc. major shareholder William H. Bartels, identified as a former 10% owner, reported selling 4,709,837 shares of common stock on July 1, 2026. The shares were sold under a stock purchase agreement for a total purchase price of $3,296,886, leaving him with no reported holdings.

Insider Trade Summary

Net Seller: 4,709,837 shares

Net Sell 1 txn

Insider BARTELS WILLIAM H

Role 10% Owner

Sold 4,709,837 shs

Type	Security	Shares	Price	Value
Sale	Common Stock F1	4,709,837	--	--

Holdings After Transaction: Common Stock — 0 shares (Direct)

Footnotes (1)

1. F1. The shares of common stock were sold pursuant to a stock purchase agreement for a purchase price of $3,296,886.

Key Figures

Shares sold: 4,709,837 shares Aggregate purchase price: $3,296,886 Shares owned after sale: 0 shares

3 metrics

Shares sold 4,709,837 shares Common Stock sold on July 1, 2026

Aggregate purchase price $3,296,886 Total consideration under stock purchase agreement

Shares owned after sale 0 shares Direct holdings reported following transaction

Key Terms

stock purchase agreement, open-market sale, ten percent owner

3 terms

stock purchase agreement financial

"sold pursuant to a stock purchase agreement for a purchase price of $3,296,886"

A stock purchase agreement is a legal contract that sets the terms for buying or selling shares, specifying the price, number of shares, how payment is made, and any conditions or promises each side must meet. It matters to investors because it defines who owns what, when ownership changes, and what protections or obligations attach to the deal—think of it as a detailed receipt plus the house rules that determine the financial risks and benefits of the transaction.

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

ten percent owner regulatory

""other": "Former 10% owner""

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

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/16/2026 - 08:13 PM Accepted by SEC EDGAR 07/16/2026 - 08:12 PM Learn about SEC filing dates

FAQ

What insider transaction did SPAR Group (SGRP) report for William H. Bartels?

SPAR Group reported that former 10% owner William H. Bartels sold 4,709,837 shares of common stock on July 1, 2026. The transaction was disclosed as a sale under a stock purchase agreement with a defined aggregate purchase price.

How many SPAR Group (SGRP) shares did William H. Bartels sell and on what date?

William H. Bartels sold 4,709,837 shares of SPAR Group common stock on July 1, 2026. This transaction was reported as a disposition of his holdings in a single large sale event.

What was the total purchase price for William H. Bartels’ SPAR Group (SGRP) share sale?

The 4,709,837 SPAR Group shares were sold for a total purchase price of $3,296,886. This amount reflects the aggregate consideration specified in the stock purchase agreement referenced in the transaction footnote.

How many SPAR Group (SGRP) shares does William H. Bartels hold after this transaction?

Following the reported sale, William H. Bartels’ direct ownership is listed as 0 shares of SPAR Group common stock. The Form 4 indicates no remaining directly held position after completion of the stock purchase agreement.

What type of transaction did William H. Bartels execute in SPAR Group (SGRP) shares?

The transaction is classified as an open-market or private sale of common stock, coded as a sale. The footnote explains the shares were sold pursuant to a stock purchase agreement with a specified total purchase price.

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

X

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^*

BARTELS WILLIAM H

(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)	X	Other (specify below)
			Former 10% owner

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026

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	07/01/2026		S		4,709,837	D	(1)	0	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 shares of common stock were sold pursuant to a stock purchase agreement for a purchase price of $3,296,886.

	/s/ William H. Bartels	07/16/2026
	** 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)