4//SEC Filing
Calisto Pato Antonio 4
Accession 0001437749-24-011616
CIK 0001004989other
Filed
Apr 9, 8:00 PM ET
Accepted
Apr 10, 2:53 PM ET
Size
8.4 KB
Accession
0001437749-24-011616
Insider Transaction Report
Form 4
SPAR Group, Inc.SGRP
Calisto Pato Antonio
Chief Financial Officer
Transactions
- Exercise/Conversion
Common Stock, $01 par value
2024-03-10+117,188→ 117,188 total - Exercise/Conversion
Restricted Stock Units, Based on Common Stock $.01 par value
2023-03-10−117,188→ 0 totalExercise: $0.00From: 2024-03-10→ Common Stock, $.01 par value (117,188 underlying)
Footnotes (3)
- [F1]On March 10, 2023, the Reporting Person received an inducement award approved by SPAR Group, Inc.'s (the Issuer) Board of Directors for Restricted Stock Units (RSUs) for $150,000 of shares of SGRP's Common Stock representing 117,188 shares of the Issuer's Common Stock based on the market price of $1.28 per share on March 10, 2023 (the RSU issuance date). Subject to certain conditions (including the Reporting Person's continued employment by the Issuer at such time), the RSU's are scheduled on March 10, 2024, to automatically vest and convert and become payable either (at the option of the Issuer) in cash or Common Stock issued directly from the Issuer, but no exercise price or other payment for such shares is required (other than applicable tax withholdings).
- [F2]On March 10, 2024, the RSUs automatically vested and converted and became payable either, at the option of SPAR Group, Inc. (the Issuer), in cash or Common Stock issued directly from the Issuer. On April 8, 2024, the Issuer elected to issue Common Stock in a letter to the Reporting Person, giving rise to the Reporting Person's right to receive such Common Stock but no exercise price or other payment for such shares was required (other than applicable tax withholdings). The Reporting Person elected not to satisfy his tax withholding obligations by using a portion of the 117,188 shares, so all shares of the Issuer's Common Stock were issued to the Reporting Person.
- [F3]Not applicable.
Documents
Issuer
SPAR Group, Inc.
CIK 0001004989
Entity typeother
Related Parties
1- filerCIK 0001967876
Filing Metadata
- Form type
- 4
- Filed
- Apr 9, 8:00 PM ET
- Accepted
- Apr 10, 2:53 PM ET
- Size
- 8.4 KB