Director at Sparta Commercial (SRCO) awarded 350,000 options at $0.14 strike

Rhea-AI Filing Summary

Sparta Commercial Services director receives stock options grant. Director Jeffrey Buchanan Bean was awarded a non-qualified stock option for 350,000 shares of Sparta Commercial Services common stock at an exercise price of $0.14 per share on 01/16/2026. Following this grant, he holds 1,841,733 derivative securities related to the company on a direct ownership basis.

The option has a staged vesting schedule: 116,667 options vest immediately, another 116,667 options vest on 01/16/2027, and the remaining 116,666 options vest on 01/16/2028. The option becomes exercisable starting 01/16/2026 and expires on 01/16/2031, giving the director a long-dated incentive tied to the company’s equity performance.

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^*

bean jeffrey buchanan

(Last) (First) (Middle)

325 COTTON AVENUE

(Street)

MACON GA 31201

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
SPARTA COMMERCIAL SERVICES, INC. [ SRCO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

3. Date of Earliest Transaction (Month/Day/Year)
01/16/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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

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
Non-Qualified Stock Option	$0.14	01/16/2026		A		350,000		01/16/2026(1)	01/16/2031	Common Stock	350,000	$0.14	1,841,733	D

Explanation of Responses:

1. 1. 116,667 options vest immediately, 116,667 options vest 01/16/2027, and 116,666 options vest 01/16/2028

	Jeffrey Buchanan Bean	01/20/2026
	** 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.

FAQ

What insider transaction did Sparta Commercial Services (SRCO) report?

The company reported that director Jeffrey Buchanan Bean received a grant of a non-qualified stock option covering 350,000 shares of Sparta Commercial Services common stock at an exercise price of $0.14 per share on 01/16/2026.

How do the new Sparta Commercial Services (SRCO) options granted to the director vest?

The 350,000 options vest in three tranches: 116,667 options vest immediately, 116,667 vest on 01/16/2027, and 116,666 vest on 01/16/2028, as disclosed in the footnote.

What is the exercise price and term of the director options at Sparta Commercial Services (SRCO)?

The non-qualified stock option has an exercise price of $0.14 per share. It is listed as exercisable starting on 01/16/2026 and carries an expiration date of 01/16/2031, giving a five-year term from grant date to expiry.

How many derivative securities does the Sparta Commercial Services (SRCO) director hold after this Form 4 transaction?

After the reported option grant, director Jeffrey Buchanan Bean is shown as beneficially owning 1,841,733 derivative securities related to Sparta Commercial Services on a direct ownership basis.

Is the Sparta Commercial Services (SRCO) director’s option grant reported as directly or indirectly owned?

The filing classifies the 350,000 non-qualified stock options and the 1,841,733 derivative securities beneficially owned following the transaction as held on a direct (D) basis, with no separate entity ownership noted in the footnotes.