Key facts
- This page summarizes Antonio Calisto Pato's Form 4 filing for SPAR Group, Inc. (SGRP).
- 2 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 10 Apr 2024, 14:53.
Antonio Calisto Pato - 10 Mar 2024 Form 4 Insider Report for SPAR Group, Inc. (SGRP)
- Reporting relationship
- Chief Financial Officer
- Issuer ticker
- SGRP
- Reported as of
- 10 Mar 2024
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 10 Apr 2024, 14:53:28 UTC
- Prior SEC filing
- 10 Apr 2023
- Source filing
- View source filing
- Reporting owner signature
- /s/ Antonio Calisto Pato
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Antonio Calisto Pato filed Form 4 for SPAR Group, Inc. (SGRP) on 10 Apr 2024.
Change
- Previous filing in this sequence was filed on 10 Apr 2023.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
SGRP
transaction
Common Stock, $01 par value
Options Exercise
- Transaction value
- $0
- Shares
- +117,188
- Change %
- Price
- $0.000000
- Shares after
- 117,188
- Date
- 10 Mar 2024
- Ownership
- Direct
- Footnotes
- F1, F2, F3
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
SGRP
transaction
Derivative
Restricted Stock Units, Based on Common Stock $.01 par value
Options Exercise
- Transaction value
- $0
- Shares
- -117,188
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 10 Mar 2023
- Ownership
- Direct
- Underlying class
- Common Stock, $.01 par value
- Underlying amount
- 117,188
- Exercise price
- $0.000000
- Footnotes
- F1, F2, F3
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 3 footnotes
Footnote F1
On March 10, 2023, the Reporting Person received an inducement award approved by SPAR Group, Inc.'s (the Issuer) Board of Directors for Restricted Stock Units (RSUs) for $150,000 of shares of SGRP's Common Stock representing 117,188 shares of the Issuer's Common Stock based on the market price of $1.28 per share on March 10, 2023 (the RSU issuance date). Subject to certain conditions (including the Reporting Person's continued employment by the Issuer at such time), the RSU's are scheduled on March 10, 2024, to automatically vest and convert and become payable either (at the option of the Issuer) in cash or Common Stock issued directly from the Issuer, but no exercise price or other payment for such shares is required (other than applicable tax withholdings).
Footnote F2
On March 10, 2024, the RSUs automatically vested and converted and became payable either, at the option of SPAR Group, Inc. (the Issuer), in cash or Common Stock issued directly from the Issuer. On April 8, 2024, the Issuer elected to issue Common Stock in a letter to the Reporting Person, giving rise to the Reporting Person's right to receive such Common Stock but no exercise price or other payment for such shares was required (other than applicable tax withholdings). The Reporting Person elected not to satisfy his tax withholding obligations by using a portion of the 117,188 shares, so all shares of the Issuer's Common Stock were issued to the Reporting Person.
Footnote F3
Not applicable.