Mike R. Matacunas - 02 Sep 2025 Form 4 Insider Report for SPAR Group, Inc. (SGRP)

Reporting relationship: Chief Executive Officer, Director
Issuer ticker: SGRP
Reported as of: 02 Sep 2025
Net transaction value: -$33,831
SEC form: 4
Accepted by SEC: 09 Sep 2025, 12:19:41 UTC
Prior SEC filing: 16 May 2025
Source filing: View source filing
Reporting owner signature: /s/ Michael R. Matacunas

Key filing fact

Mike R. Matacunas filed Form 4 for SPAR Group, Inc. (SGRP) on 09 Sep 2025.

Key facts

This page summarizes Mike R. Matacunas's Form 4 filing for SPAR Group, Inc. (SGRP).
3 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 09 Sep 2025, 12:19.

Change

Previous filing in this sequence was filed on 16 May 2025.
Current net transaction value: -$33,831.

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

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001580576 Primary reporting owner

Matacunas Mike R.

Relationship: Chief Executive Officer, Director
Address: C/O SPAR GROUP, INC., 1910 OPDYKE COURT, AUBURN HILLS
Signature: /s/ Michael R. Matacunas
Signature date: 09 Sep 2025

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: +96,154
Change %: +58%
Price: $0.000000
Shares after: 263,120
Date: 02 Sep 2025
Ownership: Direct
Footnotes: F1, F2, F4, F5

SGRP transaction

Common Stock, $.01 par value

Options Exercise

Transaction value: $33,831
Shares: -28,915
Change %: -11%
Price: $1.17
Shares after: 234,205
Date: 02 Sep 2025
Ownership: Direct
Footnotes: F1, F2, F3, F5

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: -96,154
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 02 Sep 2025
Ownership: Direct
Underlying class: Common Stock, $.01 par value
Underlying amount: 96,154
Exercise price: $0.000000
Footnotes: F1, F2, F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

As previously reported, on February 22, 2021, the Reporting Person received an inducement award approved by the Board of Directors of SPAR Group, Inc. (the "Issuer") for Restricted Stock Units ("RSUs") for $100,000 of shares of the Issuer's Common Stock, issuable on May 15 of each year he remains employed by the Issuer (the "Continuing Award"), which commenced in 2022.

Footnote F2

As previously reported, on May 15, 2025, under the Continuing Award (see footnote (1), above), the Reporting Person automatically received from the Issuer RSUs for 96,154 shares of the Issuer's Common Stock (the "2025 RSUs") based on the market price of $1.04 per share on May 14, 2025 (the last trading day preceding the 2025 RSU issuance date). The 2025 RSUs were to become payable (at the option of the Issuer) either in cash or Common Stock on May 15, 2026 for no payment (other than tax withholdings). Subject to the Transition Agreement dated August 25, 2025, between the Issuer and the Reporting Person, the 2025 RSUs accelerated and vested in full on September 2, 2025.

Footnote F3

Represents shares withheld upon vesting of 2025 RSUs to cover required tax withholdings.

Footnote F4

Not applicable.

Footnote F5

That beneficial ownership does not include the shares that could be acquired under the following options. As previously reported, on February 22, 2021, the Reporting Person received an inducement award approved by the Issuer's Board of Directors for options to purchase 630,000 shares of the Common Stock of the Issuer at an exercise price of $1.90 per share (which was the market price on February 22, 2021, the date the options were issued). On February 22, 2022, the options automatically vested and became exercisable at the option of the Reporting Person, which requires notice and payment of $1.90 per share to the Issuer to effect such exercise. The options were to automatically expire on February 22, 2031, however, subject to the Transition Agreement dated August 25, 2025, the options shall remain outstanding and exercisable until the earlier of three years after the end of the Transition Period and the expiration date set forth in the grant agreement of such options.