BROWN ROBERT G/ 4/A
4/A · SPAR Group, Inc. · Filed Mar 13, 2026
Research Summary
AI-generated summary of this filing
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.
Insider Transaction Report
- Gift
Common Stock, $.01 par value
[F1][F2][F3][F6]2026-03-10−100→ 2,891,389 total
- 3,000,000(indirect: By LLC)
Common Stock, $.01 par value
[F4] - 538,194(indirect: By SPAR Business Services, Inc.)
Common Stock, $.01 par value
[F5]
Footnotes (6)
- [F1]Not applicable.
- [F2]Includes 55,000 shares owned by Jean Brown, the wife of Robert G. Brown, as to which Robert G. Brown disclaims any beneficial ownership.
- [F3]Includes estimated shares deemed to be beneficially owned by Robert and Jean Brown in a defined benefit pension trust due to receiving a pension.
- [F4]Robert G. Brown is a Manager of Innovative Global Technologies LLC.
- [F5]Robert G. Brown is the controlling officer/director and a significant stockholder of SPAR Business Services, Inc. (SBS).
- [F6]The original Form 4, filed on March 12, 2026, is being amended by this Form 4 amendment solely to correct an administrative error, which misreported in footnote 2 the number of shares owned by Jean Brown, wife of Robert G. Brown.