Robert G/ Brown - Oct 4, 2023 Form 4 Insider Report for SPAR Group, Inc. (SGRP)

Signature
/s/ Robert G. Brown
Stock symbol
SGRP
Transactions as of
Oct 4, 2023
Transactions value $
$0
Form type
4
Date filed
3/6/2024, 09:06 AM
Previous filing
Dec 9, 2022
Next filing
Jan 4, 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 +284K +9.6% 3.25M Oct 4, 2023 Direct F1, F2
transaction SGRP Common Stock, $.01 par value Options Exercise +244K +7.5% 3.49M Nov 10, 2023 Direct F1, F2
holding SGRP Common Stock, $.01 par value 3M Oct 4, 2023 By Innovative Global Technologies LLC. F3
holding SGRP Common Stock, $.01 par value 1.22M Oct 4, 2023 By SPAR Business Services, Inc. (SBS). F4

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 -189K -53.85% $0.00 162K Oct 4, 2023 Series B Preferred Stock, $.01 par value 189K Direct F5, F6, F7, F8
transaction SGRP Series B Preferred Stock, $.01 par value Options Exercise $0 -162K -100% $0.00* 0 Nov 10, 2023 Series B Preferred Stock, $.01 par value 162K Direct F5, F6, F7
* 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 Includes any shares in any defined benefit plan paying Robert G. Brown a pension.
F3 Robert G. Brown is a Manager of Innovative Global Technologies LLC.
F4 Robert G. Brown is the controlling officer/director and a significant stockholder of SPAR Business Services, Inc. (SBS).
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 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.
F7 Not applicable.
F8 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.