BROWN ROBERT G/ 4/A
Research Summary
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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 transaction on Mar 10, 2026, disposing of 100 shares (transaction code G). The filing shows no per-share price or total dollar value for the gift (N/A). This Form 4 is an amendment submitted Mar 13, 2026 to correct an administrative error in a footnote regarding the number of shares owned by his wife.
Key Details
- Transaction date: 2026-03-10 (Gift, code G); amendment filed 2026-03-13 (original Form 4 filed 2026-03-12).
- Shares transferred: 100 shares disposed; price and total value not reported (N/A).
- Shares owned after transaction: not specified in this amendment.
- Notable footnotes:
- F2: Includes 55,000 shares owned by Jean Brown (wife); Robert Brown disclaims beneficial ownership of those shares.
- F3: Includes estimated shares deemed owned via a defined benefit pension trust due to receiving a pension.
- F4/F5: Notes Brown is a Manager of Innovative Global Technologies LLC and a controlling officer/director and significant stockholder of SPAR Business Services, Inc.
- F6: Amendment corrects an administrative error in footnote 2 (spouse share count).
- Timeliness: The original Form 4 was filed Mar 12 for a Mar 10 transaction (appears timely); this amendment corrects footnote information and does not indicate a late reporting violation.
Context Gifts (code G) are typically transfers for estate planning or personal reasons and do not necessarily reflect the insider's view of the company's near‑term prospects. As a 10% owner (not necessarily an executive trade), this disposition should be viewed as an individual/ownership event rather than a market sentiment signal.