BARTELS WILLIAM H 4

What Happened William H. Bartels, identified as a 10% owner of SPAR Group, Inc. (SGRP), sold 4,709,837 shares on July 1, 2026. The shares were sold pursuant to a stock purchase agreement for total proceeds of $3,296,886, implying a per‑share price of approximately $0.70. This was a sale by a major shareholder (not an option exercise or compensation award).

Key Details

• Transaction date: 2026-07-01 (sale).
• Price/proceeds: $3,296,886 total; ≈$0.70 per share (per filing footnote).
• Method: Private sale under a stock purchase agreement (not an open‑market purchase).
• Shares owned after transaction: not specified in the provided filing details.
• Filing: Form 4 filed 2026-07-16 (15 days after the transaction) — appears to be late relative to the usual two‑business‑day Form 4 window.
• Notes: Footnote states sale pursuant to a stock purchase agreement; no 10b5‑1 plan or tax withholding notation included in the supplied details.

Context Sales by 10% owners represent transfers by large shareholders rather than routine employee option exercises; they do not necessarily signal company fundamentals and can reflect private arrangements or liquidity needs. Because this was a private sale under a purchase agreement (not an open‑market sale) and the filing appears late, retail investors should treat the transaction as informational and consider it alongside other insider activity and company fundamentals.