Insider at SPAR Group (SGRP) sells 10,000 shares and retains large stake

Rhea-AI Filing Summary

SPAR Group, Inc. insider Robert G. Brown reported an open-market sale of 10,000 shares of common stock at $0.85 per share. After this transaction, he directly holds 2,881,389 shares. He also has indirect holdings of 538,194 shares through SPAR Business Services, Inc. and 3,000,000 shares through Innovative Global Technologies LLC.

Footnotes state that his wife, Jean Brown, owns 45,000 shares for which he disclaims beneficial ownership, and that estimated shares are deemed beneficially owned through a defined benefit pension trust due to receiving a pension.

Insider Trade Summary

Net Seller: 10,000 shares ($8,500)

Net Sell 3 txns

Insider BROWN ROBERT G/

Role null

Sold 10,000 shs ($9K)

Type	Security	Shares	Price	Value
Sale	Common Stock, $.01 par value	10,000	$0.85	$9K
holding	Common Stock, $.01 par value	--	--	--
holding	Common Stock, $.01 par value	--	--	--

Holdings After Transaction: Common Stock, $.01 par value — 2,881,389 shares (Direct, null); Common Stock, $.01 par value — 3,000,000 shares (Indirect, By Innovative Global Technologies LLC.)

Footnotes (1)

1. 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).

Key Figures

Shares sold: 10,000 shares Sale price: $0.85 per share Direct holdings after sale: 2,881,389 shares +3 more

6 metrics

Shares sold 10,000 shares Open-market sale of common stock

Sale price $0.85 per share Price for 10,000 shares sold

Direct holdings after sale 2,881,389 shares Common stock held directly by Robert G. Brown

Indirect holdings via SPAR Business Services, Inc. 538,194 shares Common stock held indirectly

Indirect holdings via Innovative Global Technologies LLC 3,000,000 shares Common stock held indirectly

Spouse-owned shares disclaimed 45,000 shares Owned by Jean Brown; beneficial ownership disclaimed

Key Terms

open-market sale, beneficial ownership, defined benefit pension trust, indirect ownership, +1 more

5 terms

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.

beneficial ownership financial

"as to which Robert G. Brown 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

"deemed to be beneficially owned by Robert and Jean Brown in a defined benefit pension trust"

indirect ownership financial

"ownership_type: indirect; nature_of_ownership: By SPAR Business Services, Inc."

ten percent owner financial

"is_ten_percent_owner: 1"

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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^*

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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/11/2026

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	06/11/2026		S		10,000	D	$0.85	2,881,389(1)(2)	D
Common Stock, $.01 par value								3,000,000	I	By Innovative Global Technologies LLC.(3)
Common Stock, $.01 par value								538,194	I	By SPAR Business Services, Inc.(4)

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. Includes 45,000 shares owned by Jean Brown, the wife of Robert G. Brown, as to which Robert G. Brown disclaims any beneficial ownership.

2. Includes estimated shares deemed to be beneficially owned by Robert and Jean Brown in a defined benefit pension trust due to receiving a pension.

3. Robert G. Brown is a Manager of Innovative Global Technologies LLC.

4. Robert G. Brown is the controlling officer/director and a significant stockholder of SPAR Business Services, Inc. (SBS).

	Robert G. Brown	06/12/2026
	** 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 insider transaction did Robert G. Brown report at SPAR Group (SGRP)?

Robert G. Brown reported an open-market sale of 10,000 shares of SPAR Group common stock at $0.85 per share. This Form 4 filing reflects a relatively small sale compared with his remaining direct and indirect shareholdings in the company.

How many SPAR Group (SGRP) shares does Robert G. Brown hold after the reported sale?

After the transaction, Robert G. Brown directly holds 2,881,389 SPAR Group common shares. In addition, he indirectly holds 538,194 shares through SPAR Business Services, Inc. and 3,000,000 shares through Innovative Global Technologies LLC, according to the reported ownership details.

At what price were the SPAR Group (SGRP) shares sold in this Form 4 filing?

The Form 4 shows that 10,000 shares of SPAR Group common stock were sold at a price of $0.85 per share. The transaction is classified as an open-market or private sale of non-derivative common stock held directly by Robert G. Brown.

What indirect SPAR Group (SGRP) holdings are attributed to Robert G. Brown?

Indirect holdings include 538,194 shares held by SPAR Business Services, Inc. and 3,000,000 shares held by Innovative Global Technologies LLC. Footnotes explain that Brown is a controlling officer/director of SPAR Business Services and a Manager of Innovative Global Technologies LLC.

How do the footnotes affect Robert G. Brown’s reported SPAR Group (SGRP) ownership?

Footnotes state that 45,000 shares owned by his wife Jean Brown are included but disclaimed as beneficially owned by him. They also note estimated shares deemed beneficially owned through a defined benefit pension trust because Robert and Jean Brown receive a pension from that trust.

Does the SPAR Group (SGRP) Form 4 mention any derivatives or option exercises?

The insider report shows no derivative transactions or option exercises. All disclosed activity involves non-derivative common stock, with one open-market sale of 10,000 shares and separate entries reflecting indirect holdings through SPAR Business Services, Inc. and Innovative Global Technologies LLC.