H. Bartels - Oct 4, 2023 Form 4 Insider Report for SPAR Group, Inc. (SGRP)

Role
Director, 10%+ Owner
Signature
/s/ William H. Bartels
Stock symbol
SGRP
Transactions as of
Oct 4, 2023
Transactions value $
$0
Form type
4
Date filed
2/29/2024, 02:03 PM
Previous filing
Feb 3, 2023
Next filing
May 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SGRP Common Stock, $.01 par value Options Exercise +241K +4.67% 5.4M Oct 4, 2023 Direct F1
transaction SGRP Common Stock, $.01 par value Options Exercise +206K +3.82% 5.61M Nov 10, 2023 Direct F1
transaction SGRP Common Stock, $.01 par value Options Exercise -150K -100% 0 Jan 11, 2024 By SPAR Administrative Services, Inc. F4, F6, F7
transaction SGRP Common Stock, $.01 par value Options Exercise +150K +2.68% 5.76M Jan 11, 2024 Direct F4, F7

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 Series B Preferred Stock, $.01 par value Options Exercise $0 -161K -53.85% $0.00 138K Oct 4, 2023 Series B Preferred Stock, $.01 par value 161K Direct F2, F3, F4, F5
transaction SGRP Series B Preferred Stock, $.01 par value Options Exercise $0 -138K -100% $0.00* 0 Nov 10, 2023 Series B Preferred Stock, $.01 par value 138K Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Acquisition of Common Stock from SPAR Group, Inc. (the "Issuer"), as a result of the vesting and conversion of the convertible preferred shares received from the Issuer pursuant to Change of Control, Voting and Restricted Stock Agreement, by and among the Issuer, Robert G. Brown, William H. Bartels and others, as reported in the Issuer's Current Report on Form 8-K filed January 28, 2022.
F2 Series B Preferred Stock are automatically convertible into the Common Stock on a 1 for 1.5 basis upon vesting.
F3 Vests according to schedule in Change of Control, Voting and Restricted Stock Agreement, by and among SPAR Group, Inc., Robert G. Brown, William H. Bartels and others, as reported in SPAR Group, Inc.'s Current Report on Form 8-K filed January 28, 2022.
F4 Not applicable.
F5 Acquisition of Series B Preferred Stock pursuant to Change of Control, Voting and Restricted Stock Agreement, by and among SPAR Group, Inc., Robert G. Brown, William H. Bartels and others, as reported in SPAR Group, Inc.'s Current Report on Form 8-K filed January 28, 2022.
F6 William H. Bartels is President and was a 39% shareholder on October 4, 2023, and was a 100% shareholder on and after December 8, 2023 of SPAR Administrative Services, Inc. (SAS).
F7 Privately transferred in a non-market transaction from SPAR Administrative Services, Inc. (SAS) to William H. Bartels.