| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | SGRP | Common Stock, $.01 par value | Options Exercise | +77.2K | +2.77% | 2.87M | May 30, 2022 | Direct | F1, F2 | ||
| transaction | SGRP | Common Stock, $.01 par value | Options Exercise | +821K | +182.34% | 1.27M | May 30, 2022 | By SPAR Business Services, Inc. (SBS). | F1, F2, F3 | ||
| transaction | SGRP | Common Stock, $.01 par value | Options Exercise | +51.6K | +1.8% | 2.92M | May 30, 2022 | Direct | F1, F2 | ||
| holding | SGRP | Common Stock, $.01 par value | 3M | May 30, 2022 | By Innovative Global Technologies LLC. | F1, F4 |
| 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 | -51.5K | -8.58% | $0.00 | 549K | May 30, 2022 | Series B Preferred Stock, $.01 par value | 51.5K | Direct | F2, F5, F6, F7, F8 | |
| transaction | SGRP | Series B Preferred Stock, $.01 par value | Options Exercise | $0 | -547K | -100% | $0.00* | 0 | May 30, 2022 | Series B Preferred Stock, $.01 par value | 547K | By SPAR Business Services, Inc. (SBS). | F1, F3, F5, F6, F7 | |
| transaction | SGRP | Series B Preferred Stock, $.01 par value | Options Exercise | $0 | 0 | 0% | $0.00* | 549K | May 30, 2022 | Series B Preferred Stock, $.01 par value | 0 | Direct | F5, F6, F7, F9 | |
| transaction | SGRP | Series B Preferred Stock, $.01 par value | Options Exercise | $0 | -34.4K | -6.27% | $0.00 | 514K | May 30, 2022 | Series B Preferred Stock, $.01 par value | 34.4K | Direct | F5, F6, F7, F10 |
| Id | Content |
|---|---|
| F1 | For purposes of clarity, this amended Form 4/A restates, in its entirety, the original Form 4, filed on February 7, 2023 to report transactions occurring on May 30, 2022. No change is being made to the information shown in this row. |
| F2 | 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 in 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 (the "Change in Control Agreement"). |
| F3 | Robert G. Brown is the controlling officer/director and a significant stockholder of SPAR Business Services, Inc. (SBS). |
| F4 | Robert G. Brown is a Manager of Innovative Global Technologies LLC. |
| F5 | Series B Preferred Stock are automatically convertible into the Common Stock on a 1 for 1.5 basis upon vesting. |
| F6 | Vests according to schedule in Change in 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. |
| F7 | Not applicable. |
| F8 | This Form 4, originally filed on February 7, 2023 to report transactions occurring on May 30, 2022, is amended to correct a mathematical error that understated the number of securities beneficially owned following the first reported transaction in Table II in Box 9 thereof by 52,975 shares. This error resulted in the number of securities reported as beneficially owned in subsequent Forms 4 being understated by the same number. |
| F9 | For purposes of clarity, the number of derivative securities acquired in Box 5 has been reduced to 0 to correct an error in the original Form 4, filed on February 7, 2023 to report transactions occurring on May 30, 2022, which incorrectly reported an acquisition of 34,375 shares of Series B Preferred Stock. |
| F10 | This Form 4, originally filed on February 7, 2023 to report transactions occurring on May 30, 2022, is amended to eliminate the acquisition of 34,375 shares of Series B Preferred Stock that was incorrectly reported as the third reported transaction in Table II and to make a corresponding correction in the number of securities beneficially owned following the reported transactions in Box 9. The Issuer, Robert G. Brown ("Brown") and William H. Bartels amended the original vesting schedule pursuant to the Change in Control Agreement, whereby Brown vested early in 34,375 shares, and such amount was subtracted from future vesting dates. Box 9 of line 3 of the original filing incorrectly reported the accelerated vesting of the 34,375 shares as an acquisition. This error resulted in the number of securities reported as beneficially owned in subsequent Forms 4 being overstated by 34,375 shares. |