SPAR Group grants CEO 200,000 RSUs of stock

SPAR Group’s CEO received a 200,000-share RSU grant that vests in two equal installments starting September 10, 2027.

Rhea-AI Filing Summary

SPAR Group, Inc. (symbol: SGRP) is the issuer of record for a Form 4 filing submitted to the SEC. Linnane William reported acquisition or exercise transactions in this Form 4 filing.

SPAR Group, Inc. (SGRP) reported that Chief Executive Officer and director William Linnane received a grant of 200,000 shares of Common Stock in the form of restricted stock units (RSUs) on September 17, 2026. The award increases his directly held stake to 390,909 shares.

According to the award terms, 50% of the RSUs will vest on September 10, 2027, with the remaining 50% vesting on the one-year anniversary thereafter, tying a substantial portion of his equity compensation to continued service over this multi‑year period.

Insider Trade Summary

Grant/Award: 200,000 shares

Grant/Award 1 txn

Insider Linnane William

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1	200,000	--	--

Holdings After Transaction: Common Stock — 390,909 shares (Direct)

Footnotes (1)

1. F1. Represents restricted stock units ("RSUs") granted to the Reporting Person. 50% of the RSUs will vest on September 10, 2027, with the remainder versing on the one-year anniversary thereafter.

Key Figures

RSUs granted: 200,000 shares Shares held after transaction: 390,909 shares Initial vesting portion: 50% +2 more

5 metrics

RSUs granted 200,000 shares Restricted stock units granted to the CEO on September 17, 2026

Shares held after transaction 390,909 shares Total directly held by CEO William Linnane after the RSU award

Initial vesting portion 50% Portion of RSUs scheduled to vest on September 10, 2027

Remaining vesting portion 50% Portion of RSUs vesting on the one-year anniversary after September 10, 2027

Form type Form 4 Insider transaction report for SPAR Group, Inc.

Key Terms

restricted stock units ("RSUs"), vest, Form 4, Chief Executive Officer

4 terms

restricted stock units ("RSUs") financial

"Represents restricted stock units ("RSUs") granted to the Reporting Person."

Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.

vest financial

"50% of the RSUs will vest on September 10, 2027"

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

Form 4 regulatory

"Insider transaction report filed on Form 4 for SPAR Group, Inc."

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Chief Executive Officer other

"Linnane William serves as Chief Executive Officer of the issuer."

A chief executive officer (CEO) is the top leader of a company, responsible for making major decisions, setting goals, and guiding the organization’s overall direction. Think of the CEO as the captain of a ship, steering it toward success. Investors pay close attention to the CEO because their leadership and strategy can significantly influence the company's performance and future growth.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did SGRP disclose for CEO William Linnane?

SPAR Group disclosed that CEO William Linnane was granted 200,000 RSUs of Common Stock on September 17, 2026. This is a grant/award acquisition, not a market purchase or sale, and is reported as directly owned.

How many SGRP shares does the CEO hold after this RSU grant?

After the reported RSU grant, CEO William Linnane is shown as directly holding 390,909 shares of SPAR Group, Inc. Common Stock. This figure includes the newly granted 200,000 restricted stock units subject to future vesting.

When do the newly granted SGRP RSUs to the CEO vest?

The filing states that 50% of the RSUs will vest on September 10, 2027, with the remaining 50% vesting on the one-year anniversary thereafter. The award therefore vests in two equal annual installments tied to continued service.

Was the SGRP CEO’s RSU grant made under a Rule 10b5-1 trading plan?

No. The document-level Rule 10b5-1 checkbox is not affirmed, and there is no footnote stating the RSU grant was made pursuant to a Rule 10b5-1 or other pre-arranged trading plan.

Is the 200,000-share transaction for SGRP a market buy or sell?

No. The transaction is coded as a grant or award, meaning the CEO acquired 200,000 RSUs as equity compensation. It is not reported as an open-market purchase or sale of SPAR Group, Inc. Common Stock.

What security type was involved in the SGRP CEO’s Form 4 transaction?

The transaction involves SPAR Group, Inc. Common Stock, delivered as restricted stock units (RSUs). These RSUs represent a right to receive shares as they vest on the specified future dates.

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

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Available on EDGAR 09/22/2026 - 06:09 PM Accepted by SEC EDGAR 09/22/2026 - 06:08 PM Learn about SEC filing dates

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 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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/17/2026

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	09/17/2026		A		200,000	A	(1)	390,909	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. Represents restricted stock units ("RSUs") granted to the Reporting Person. 50% of the RSUs will vest on September 10, 2027, with the remainder versing on the one-year anniversary thereafter.

	/s/ William Linnane	09/22/2026
	** 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)