KORI BELZER - 12 Aug 2021 Form 4 Insider Report for SPAR Group, Inc. (SGRP)

Role
Global Chief Operating Officer
Signature
/s/ Kori G. Belzer
Issuer symbol
SGRP
Transactions as of
12 Aug 2021
Net transactions value
$0
Form type
4
Filing time
23 Sep 2022, 14:50:41 UTC
Previous filing
04 Jun 2021
Next filing
09 Sep 2021
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SGRP Restricted Stock Units, Based on Common Stock $.01 Par Value Award $0 +24,862 $0.000000 24,862 12 Aug 2021 Common Stock, $.01 par value 24,862 $0.000000 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On August 12, 2021, the Reporting Person received an award for Restricted Stock Units (RSUs) for $45,000 of shares of SGRP's Common Stock having a value of its market price of $1.81 per share on the day awarded, which equals 24,862 shares of SGRP's Common Stock. The RSUs are scheduled to vest and will be payable in cash or Common Stock (at the option of the issuer) over a three (3) year period following the date of grant annually in three (3) annual installments of 8,287 each starting on the first anniversary of the RSU grant date, subject to certain conditions, but no exercise price or other payment for such shares is required.
F2 Not applicable.
F3 There was no conversion price to be paid.