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SPAR Group, Inc.·4

Mar 12, 4:53 PM ET

BROWN ROBERT G/ 4

Research Summary

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Updated

SPAR Group (SGRP) 10% Owner Robert G. Brown Gifts 100 Shares

What Happened
Robert G. Brown, a 10% owner of SPAR Group, Inc. (SGRP), reported a gift disposition of 100 shares on March 10, 2026. The transaction was recorded as a gift (code G); no price or cash proceeds are reported for the disposition. Gifts are a non‑market transaction and do not necessarily reflect the insider’s view of the company’s prospects.

Key Details

  • Transaction date: 2026-03-10; Form 4 filed: 2026-03-12 (appears timely).
  • Transaction type: Gift (G); 100 shares disposed. Price/proceeds: N/A.
  • Shares owned after transaction: Not specified in the filing.
  • Relevant footnotes from the filing:
    • F2: 65,000 shares are held by Jean Brown (wife); Robert G. Brown disclaims beneficial ownership of those shares.
    • F3: Includes estimated shares deemed beneficial via a defined benefit pension trust due to receiving a pension.
    • F4: Robert G. Brown is a Manager of Innovative Global Technologies LLC.
    • F5: He is the controlling officer/director and a significant stockholder of SPAR Business Services, Inc. (SBS).

Context
Gifts are transfers for tax, estate planning, or personal reasons and do not signal a buy/sell investment decision the way purchases or open market sales do. As a reported 10% owner (not an open‑market purchase), this filing documents ownership movements by a significant shareholder and includes standard disclosures about family holdings and related business roles.