H. Bartels - Nov 10, 2022 Form 4 Insider Report for SPAR Group, Inc. (SGRP)

Role
Director, 10%+ Owner
Signature
/s/ William H. Bartels
Stock symbol
SGRP
Transactions as of
Nov 10, 2022
Transactions value $
$0
Form type
4
Date filed
2/3/2023, 05:46 AM
Previous filing
Feb 3, 2023
Next filing
Feb 29, 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SGRP Common Stock, $.01 par value Options Exercise +206K +4.17% 5.16M Nov 10, 2022 Direct F1
holding SGRP Common Stock, $.01 par value 150K Nov 10, 2022 By SPAR Administrative Services, Inc. (SAS). F2

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 Series B Preferred Stock, $.01 par value Options Exercise $0 -138K -34.28% $0.00 264K Nov 10, 2022 Series B Preferred Stock, $.01 par value 138K Direct F1, F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Acquisition of Common Stock from SPAR Group, Inc. (the "Issuer"), as a result of the vesting and conversion of the convertible preferred shares received from the Issuer pursuant to Change of Control, Voting and Restricted Stock Agreement, by and among the Issuer, Robert G. Brown, William H. Bartels and others, as reported in the Issuer's Current Report on Form 8-K filed January 28, 2022.
F2 William H. Bartels is President and a 39% shareholder of SPAR Administrative Services, Inc. (SAS).
F3 Series B Preferred Stock are automatically convertible into the Common Stock on a 1 for 1.5 basis upon vesting.
F4 Vests according to schedule in Change in Control, Voting and Restricted Stock Agreement, by and among SPAR Group, Inc., Robert G. Brown, William H. Bartels and others, as reported in SPAR Group, Inc.'s Current Report on Form 8-K filed January 28, 2022.
F5 Not applicable.