Ronald W. Lutz - Aug 2, 2022 Form 4 Insider Report for SPAR Group, Inc. (SGRP)

Role
Chief Global CommercialOfficer
Signature
/s/ Ronald W. Lutz
Stock symbol
SGRP
Transactions as of
Aug 2, 2022
Transactions value $
$0
Form type
4
Date filed
10/11/2022, 09:20 AM
Previous filing
Sep 22, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SGRP Restricted Stock Units, Based on Common Stock $.01 Par Value Conversion of derivative security $0 -26.9K -100% $0.00* 0 Aug 2, 2022 Common Stock, $0.1 par value 26.9K $0.00 Direct F1, F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On August 2, 2021, the Reporting Person received an award for Restricted Stock Units (RSUs) for $50,000 of shares of SGRP's Common Stock having a value of its market price of $1.86 per share on the day awarded, which equals 26,882 shares of SGRP's Common Stock. The RSUs are scheduled to vest and will be payable in cash or Common Stock (at the option of the Issuer) on August 2, 2022, subject to certain conditions, but no exercise price or other payment for such shares is required.
F2 Not applicable.
F3 There was no conversion price to be paid.
F4 On the date the RSU's vested and were replaced with common stock, the value was $1.15 per share.