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SPAR Group (SGRP) major holder reports 4,000-share bona fide gift

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

SPAR Group, Inc. ten percent owner Robert G. Brown reported a bona fide gift of 4,000 shares of common stock. This non-market transfer reduced his direct holdings to 2,877,389 shares. The filing also lists indirect holdings of 538,194 shares through SPAR Business Services, Inc. and 3,000,000 shares through Innovative Global Technologies LLC, reflecting additional positions associated with Brown.

Positive

  • None.

Negative

  • None.
Insider BROWN ROBERT G/
Role null
Type Security Shares Price Value
Gift Common Stock, $.01 par value 4,000 $0.00 --
holding Common Stock, $.01 par value -- -- --
holding Common Stock, $.01 par value -- -- --
Holdings After Transaction: Common Stock, $.01 par value — 2,877,389 shares (Direct, null); Common Stock, $.01 par value — 3,000,000 shares (Indirect, By Innovative Global Technologies LLC.)
Footnotes (1)
  1. Not applicable. Includes 45,000 shares owned by Jean Brown, the wife of Robert G. Brown, as to which Robert G. Brown disclaims any beneficial ownership. Includes estimated shares deemed to be beneficially owned by Robert and Jean Brown in a defined benefit pension trust due to receiving a pension. Robert G. Brown is a Manager of Innovative Global Technologies LLC. Robert G. Brown is the controlling officer/director and a significant stockholder of SPAR Business Services, Inc. (SBS).
Gifted shares 4,000 shares Bona fide gift of common stock at $0.00 per share
Direct holdings after gift 2,877,389 shares Common stock directly held following the 4,000-share gift
Indirect holdings via SPAR Business Services, Inc. 538,194 shares Common stock held indirectly through SPAR Business Services, Inc.
Indirect holdings via Innovative Global Technologies LLC 3,000,000 shares Common stock held indirectly through Innovative Global Technologies LLC
Gift transaction price $0.00 per share Reported price per share for the bona fide gift
bona fide gift financial
"transaction_code_description": "Bona fide gift""
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"
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
"beneficially owned by Robert and Jean Brown in a defined benefit pension trust"
ten percent owner financial
""is_ten_percent_owner": 1"
indirect ownership financial
""ownership_type": "indirect""
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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)
DirectorX10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/24/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock, $.01 par value06/24/2026G4,000D(1)2,877,389(2)(3)D
Common Stock, $.01 par value3,000,000IBy Innovative Global Technologies LLC.(4)
Common Stock, $.01 par value538,194IBy SPAR Business Services, Inc.(5)
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Not applicable.
2. Includes 45,000 shares owned by Jean Brown, the wife of Robert G. Brown, as to which Robert G. Brown disclaims any beneficial ownership.
3. Includes estimated shares deemed to be beneficially owned by Robert and Jean Brown in a defined benefit pension trust due to receiving a pension.
4. Robert G. Brown is a Manager of Innovative Global Technologies LLC.
5. Robert G. Brown is the controlling officer/director and a significant stockholder of SPAR Business Services, Inc. (SBS).
Robert G. Brown06/24/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did SGRP’s Robert G. Brown report?

Robert G. Brown reported a bona fide gift of 4,000 shares of SPAR Group common stock. This was a non-market disposition, recorded at a price per share of $0.00, and classified under transaction code G for gift.

How many SGRP shares does Robert G. Brown hold directly after this filing?

After the gift, Robert G. Brown directly holds 2,877,389 shares of SPAR Group common stock. This figure comes from the post-transaction ownership line tied to the gift entry, showing his remaining direct position in the company.

What indirect SPAR Group (SGRP) holdings are associated with Robert G. Brown?

The filing shows indirect holdings of 538,194 shares through SPAR Business Services, Inc. and 3,000,000 shares through Innovative Global Technologies LLC, both in SPAR Group common stock, reflecting additional positions tied to entities associated with Brown.

Does the Form 4 show any market purchases or sales of SGRP shares?

The Form 4 does not show market purchases or sales. It reports one bona fide gift of 4,000 shares and two holding entries that simply state post-transaction indirect positions, without indicating open-market buying or selling activity.

What do the footnotes reveal about Robert G. Brown’s beneficial ownership in SGRP?

Footnotes state Brown disclaims beneficial ownership of 45,000 shares held by his wife and note estimated shares in a defined benefit pension trust. They also identify him as a manager of Innovative Global Technologies LLC and a controlling officer/director of SPAR Business Services, Inc.