SPAR Group insider reports 4,000-share gift
SPAR Group, Inc. ten percent owner Robert G. Brown reported a bona fide gift of 4,000 shares of common stock.
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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.
Insider Trade Summary
4,000 shares gifted
Gift
3 txns
Insider
BROWN ROBERT G/
Role
10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock, $.01 par value | 4,000 | $0.00 | $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);
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: 4,000 shares
Direct holdings after gift: 2,877,389 shares
Indirect holdings via SPAR Business Services, Inc.: 538,194 shares
+2 more
5 metrics
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
Key Terms
bona fide gift, beneficial ownership, defined benefit pension trust, ten percent owner, +1 more
5 terms
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""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
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.
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.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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