BROWN ROBERT G/ 4

What Happened Robert G. Brown, a reported 10% owner of SPAR Group, Inc. (SGRP), sold 10,000 shares on 2026-06-11 at $0.85 per share, for total proceeds of $8,500. The filing classifies the transaction as an open market or private sale (Code S). The sale was reported on Form 4 filed 2026-06-12, covering the 2026-06-11 transaction.

Key Details

• Transaction date and price: 2026-06-11 — 10,000 shares sold at $0.85 each ($8,500 total).
• Filing date: 2026-06-12 (timely reporting for a 1-day lag).
• Shares owned after transaction: Not specified in the provided summary of the filing.
• Notable footnotes from the filing:
  • F1: Includes 45,000 shares owned by Jean Brown (wife); Robert Brown disclaims beneficial ownership of those.
  • F2: Includes estimated shares deemed beneficially owned in a defined benefit pension trust due to receiving a pension.
  • F3: Robert G. Brown is a Manager of Innovative Global Technologies LLC.
  • F4: He is the controlling officer/director and a significant stockholder of SPAR Business Services, Inc. (SBS).

Context This report documents a straight sale by a large shareholder. Sales by insiders can be routine (liquidity or portfolio reasons) and do not by themselves prove a change in view about the company. Because the filing notes family- and trust-related holdings, the reported beneficial ownership picture includes other non-owned family/trust positions; the filing does not indicate any option exercise, gift, or tax-withholding event.