Bartels sells 4.7M SPAR Group (SGRP) shares, ends >5% stake

Rhea-AI Filing Summary

SPAR Group, Inc. received an updated beneficial ownership report from William H. Bartels in Amendment No. 8 to his Schedule 13D. On July 1, 2026, Bartels sold 4,709,837 shares of SPAR Group common stock pursuant to a Stock Purchase Agreement.

As of July 16, 2026, Bartels reports beneficial ownership of 0 shares, representing 0.0% of the outstanding common stock, and he ceased to be a beneficial owner of more than 5% of the company’s shares on July 1, 2026.

Key Figures

Shares sold: 4,709,837 shares Beneficial ownership: 0 shares Ownership percentage: 0.0% +1 more

4 metrics

Shares sold 4,709,837 shares Shares of SPAR Group common stock sold on July 1, 2026 pursuant to a Stock Purchase Agreement

Beneficial ownership 0 shares Shares of SPAR Group common stock beneficially owned by William H. Bartels as of July 16, 2026

Ownership percentage 0.0% Percent of SPAR Group common stock beneficially owned by Bartels as of July 16, 2026

Date ceased >5% ownership July 1, 2026 Date Bartels ceased to be the beneficial owner of more than 5% of SPAR Group common stock

Key Terms

beneficial owner, Stock Purchase Agreement, voting power, dispositive power

4 terms

beneficial owner financial

"The Reporting Person ceased to be the beneficial owner of more than 5% of the outstanding shares"

A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.

Stock Purchase Agreement financial

"the Reporting Person sold 4,709,837 shares of the Issuer's Common Stock pursuant to a Stock Purchase Agreement"

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.

voting power financial

"Number of Shares Beneficially Owned by Each Reporting Person With: Sole Voting Power 0.00"

Voting power is the ability shareholders have to influence a company's major decisions—like electing the board, approving mergers, or changing corporate rules—based on the voting rights attached to the shares they hold. For investors it matters because greater voting power is like holding more keys to a building: it gives you a stronger say over management choices and the company’s strategy, which can affect future value and risk.

dispositive power financial

"Number of Shares Beneficially Owned by Each Reporting Person With: Sole Dispositive Power 0.00"

Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.

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

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Available on EDGAR 07/16/2026 - 08:22 PM Accepted by SEC EDGAR 07/16/2026 - 08:21 PM Learn about SEC filing dates

FAQ

What change does Amendment No. 8 to William H. Bartels’ Schedule 13D for SGRP report?

Amendment No. 8 reports that William H. Bartels sold 4,709,837 SPAR Group common shares on July 1, 2026 under a Stock Purchase Agreement. After this sale, he reports beneficial ownership of 0 shares, or 0.0% of the company’s common stock, ending his more-than-5% holder status.

How many SPAR Group (SGRP) shares did William H. Bartels sell on July 1, 2026?

On July 1, 2026, William H. Bartels sold 4,709,837 shares of SPAR Group common stock pursuant to a Stock Purchase Agreement. This single reported transaction is the basis for his subsequent disclosure that he no longer beneficially owns any SPAR Group common shares.

Does William H. Bartels still own any SPAR Group (SGRP) common stock after this transaction?

As of July 16, 2026, William H. Bartels reports owning 0 shares of SPAR Group common stock. His Schedule 13D amendment states his beneficial ownership is 0.0% of the outstanding common stock, indicating he no longer has a reportable equity position in SGRP.

When did William H. Bartels cease being a more-than-5% shareholder of SPAR Group (SGRP)?

William H. Bartels ceased to be the beneficial owner of more than 5% of SPAR Group’s common stock on July 1, 2026. That date corresponds to the completion of a Stock Purchase Agreement under which he sold 4,709,837 shares of SGRP common stock.

What voting and dispositive power does William H. Bartels report over SPAR Group (SGRP) shares?

The cover information shows Bartels with 0.00 sole voting power and 0.00 shared voting power, and 0.00 sole dispositive power and 0.00 shared dispositive power. These figures confirm he has no voting or disposition authority over any SPAR Group common shares.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 8)

SPAR Group, Inc.

(Name of Issuer)

Common Stock, par value $0.01 per share

(Title of Class of Securities)

784933103

(CUSIP Number)

William H. Bartels
c/o SPAR Group, Inc., 110 East Boulevard, Suite 1600
Charlotte, NC, 28203
(704) 837-1651

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

07/01/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): 784933103

1

Name of reporting person

BARTELS WILLIAM H

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

0.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.0 %

14

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock, par value $0.01 per share
(b)	Name of Issuer: SPAR Group, Inc.
(c)	Address of Issuer's Principal Executive Offices: 110 EAST BOULEVARD, SUITE 1600, CHARLOTTE, NORTH CAROLINA , 28203.
Item 1 Comment: This Amendment No. 8 to Schedule 13D (this "Amendment") amends and supplements the information set forth in the Schedule 13D originally filed by the Reporting Person with the Securities and Exchange Commission ("SEC") on July 19, 1999 (the "Original Schedule 13D") relating to the common stock, $0.01 par value per share (the "Common Stock"), of SPAR Group, Inc., a Delaware corporation (the "Company" or "SGRP"), as amended by Amendment No. 1 to the Original Schedule 13D filed with the SEC on June 1, 2018 ("Amendment No. 1"), Amendment No. 2 to the Original Schedule 13D filed with the SEC on August 6, 2018 ("Amendment No. 2"), Amendment No. 3 to the Original Schedule 13D filed with the SEC on September 19, 2018 ("Amendment No. 3"), Amendment No. 4 to the Original Schedule 13D filed with the SEC on January 25, 2019 ("Amendment No. 4"), Amendment No. 5 to the Original Schedule 13D filed with the SEC on October 18, 2019 ("Amendment No. 5"), Amendment No. 6 to the Original Schedule 13D filed with the SEC on March 1, 2021 ("Amendment No. 6") and Amendment No. 7 to the Original Schedule 13D filed with the SEC on May 14, 2021 ("Amendment No. 7"). The Original Schedule 13D, as amended by Amendment No. 1, Amendment No. 2, Amendment No. 3, Amendment No. 4, Amendment No. 5 Amendment No. 6 and Amendment No. 7 is hereinafter referred to as the "Schedule 13D."
Item 4.	Purpose of Transaction
	This Schedule 13D filing is occasioned solely by the Reporting Person's beneficial ownership of less than 5% of the presently outstanding shares of Common Stock of the Issuer as a result of the sale of the shares pursuant to a stock purchase agreement on July 1, 2026.
Item 5.	Interest in Securities of the Issuer
(a)	As of July 16, 2026, the Reporting Person does not hold any shares of Common Stock of the Issuer.
(b)	As of July 16, 2026, the Reporting Person does not hold any shares of Common Stock of the Issuer.
(c)	On July 1, 2026, the Reporting Person sold 4,709,837 shares of the Issuer's Common Stock pursuant to a Stock Purchase Agreement.
(d)	Not applicable.
(e)	The Reporting Person ceased to be the beneficial owner of more than 5% of the outstanding shares of Common Stock of the Issuer on July 1, 2026.
Item 7.	Material to be Filed as Exhibits.
	None.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

BARTELS WILLIAM H

Signature:	/s/ William H. Bartels
Name/Title:	William H. Bartels
Date:	07/16/2026