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Filing Details

Accession Number:: 0001437749-24-016221
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2024-05-13 16:01:33
Reporting Period:: 2024-05-09

Accepted Time:: 2024-05-13 16:01:33
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1004989	Spar Group Inc.	SGRP	Services-Business Services, Nec (7389)	330684451

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1090391	H Williams Bartels	C/O Spar Group, Inc. 1910 Opdyke Court Auburn Hills MI 48326		Yes	No	Yes	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock, $.01 Par Value	Disposition	2024-05-09	1,000,000	$1.80	4,709,837	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct

Footnotes

SPAR Group, Inc. ("SGRP"), is the issuer of the shares of Common Stock subject to this Report ("SGRP Shares"). Pursuant to the terms and conditions of the Repurchase Agreement dated 04/30/24, as approved by SGRP's Board of Directors and Audit Committee on 05/03/24, between William H. Bartels and SPAR Group, Inc., William H. Bartels agreed to privately sell 1,000,000 of his SGRP Shares to SGRP, and SGRP agreed to privately purchase those shares from William H. Bartels. The purchase price is $1.80 per share, which was the closing price on the market day preceding the Agreement date (i.e. 04/29/24), as provided in that Agreement. The shares were transferred into SGRP's treasury account on 05/09/24. SGRP's repurchase was made pursuant to SGRP's 2024 Stock Repurchase Program, as approved by the Board on 03/28/24, pursuant to which SGRP may repurchase of up to 2,500,000 of its shares of Common Stock over a 1-year period in the open market and through privately negotiated transactions.
The number of shares of Common Stock beneficially owned by William H. Bartels prior to the reported transaction has been reduced by 46,710 shares to correct a discrepancy discovered during a review of William H. Bartels shareholdings. The review found that such discrepancy was inadvertent and did not identify any violations of Section 16(b) of the Securities Exchange Act of 1934. To the extent this Form 4 updates the beneficial share ownership amounts reported on previously filed Form 4s, this Form 4 serves as an amendment to any such previously filed Form 4s.