SPAR Group (SGRP) CFO acquires 78,000 restricted treasury shares

Rhea-AI Filing Summary

SPAR Group, Inc. Chief Financial Officer Steven Michael Hennen purchased 78,000 shares of the company’s common stock on May 1, 2026. The shares, bought at $0.64 per share, brought his direct holdings to 133,000 shares.

According to a stock purchase agreement tied to his employment agreement, a one-time cash award was provided with the understanding that its after-tax proceeds would be used to buy these restricted treasury shares directly from the company.

Insider Trade Summary

Net Buyer: 78,000 shares ($49,920)

Net Buy 1 txn

Insider Hennen Steven Michael

Role Chief Financial Officer

Bought 78,000 shs ($50K)

Type	Security	Shares	Price	Value
Purchase	Common Stock, $.01 par value	78,000	$0.64	$50K

Holdings After Transaction: Common Stock, $.01 par value — 133,000 shares (Direct, null)

Footnotes (1)

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Key Figures

Shares purchased: 78,000 shares Purchase price: $0.64 per share Shares owned after: 133,000 shares +2 more

5 metrics

Shares purchased 78,000 shares Non-derivative common stock acquired on May 1, 2026

Purchase price $0.64 per share Price paid for common stock on May 1, 2026

Shares owned after 133,000 shares Total direct holdings following the reported transaction

Net shares bought 78,000 shares Net buy direction in transaction summary

Transaction date May 1, 2026 Date of the non-derivative common stock purchase

Key Terms

open-market purchase, restricted shares, treasury common stock, Stock Purchase Agreement, +1 more

5 terms

open-market purchase financial

"transaction_action: "open-market purchase""

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

restricted shares financial

"the Reporting Person purchased 78,000 restricted shares of treasury common stock"

Restricted shares are company stock that cannot be sold or transferred immediately because they are subject to legal or contractual limits, such as a required holding period or performance conditions. They matter to investors because these locked-up shares can affect a company’s available stock for trading, future dilution, and insider incentives—imagine a gift that can’t be cashed until certain conditions are met, which changes when and how much supply can suddenly enter the market.

treasury common stock financial

"used to buy shares of treasury common stock of the Company"

Stock Purchase Agreement financial

"pursuant to the Stock Purchase Agreement between the Reporting Person and the Company"

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.

one-time cash award financial

"in connection with and as outlined in the Reporting Person's Employment Agreement with the understanding that the after-tax proceeds of the one-time cash award"

Form 4 Insider Transactions: What Each Field Means →

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^*

Hennen Steven Michael

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/01/2026

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, $.01 par value	05/01/2026		P		78,000(1)	A	$0.64	133,000	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. On May 1, 2026, pursuant to the Stock Purchase Agreement between the Reporting Person and the Company entered into in connection with and as outlined in the Reporting Person's Employment Agreement with the understanding that the after-tax proceeds of the one-time cash award will be used to buy shares of treasury common stock of the Company, the Reporting Person purchased 78,000 restricted shares of treasury common stock from the Company at the ten current fair market value.

	/s/ Steven Michael Hennen	05/05/2026
	** 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)

FAQ

What did SPAR Group (SGRP) CFO Steven Michael Hennen report in this Form 4?

He reported buying 78,000 shares of SPAR Group common stock. The transaction occurred on May 1, 2026 and increased his direct ownership to 133,000 shares, according to the Form 4 filing details and accompanying footnote.

At what price did the SPAR Group (SGRP) CFO buy his 78,000 shares?

He purchased 78,000 shares at $0.64 per share. This price is specified in the Form 4 transaction data for May 1, 2026, describing an open-market style purchase of common stock with a par value of $0.01.

How many SPAR Group (SGRP) shares does the CFO own after this transaction?

Following the purchase, his direct holdings total 133,000 shares. The Form 4 explicitly lists this figure as the total shares owned after the May 1, 2026 transaction in SPAR Group common stock.

Were the SPAR Group (SGRP) shares bought by the CFO restricted or unrestricted?

The shares are described as restricted treasury common stock. The footnote explains he purchased 78,000 restricted shares of treasury common stock from the company pursuant to a stock purchase agreement connected to his employment arrangement.

How was the SPAR Group (SGRP) CFO’s share purchase funded?

The purchase was funded through a one-time cash award under his employment agreement. The footnote states the award’s after-tax proceeds were understood to be used to buy 78,000 restricted treasury common shares directly from the company.

Was this SPAR Group (SGRP) CFO transaction an acquisition or a sale?

It was an acquisition of shares, not a sale. The Form 4 classifies the transaction with code P as an open-market purchase, and the transaction summary shows a net buy of 78,000 non-derivative shares.