4/A: Robert G. Brown Amends Form 4 Filing to Clarify Stock Transaction
SEC Filing
Robert G. Brown, a director and 10% owner of SPAR Group, Inc., amended a previous Form 4 filing to clarify the acquisition of 1,000,000 shares of common stock by Innovative Global Technologies LLC.
Summary
- Robert G. Brown, a director and 10% owner of SPAR Group, Inc., filed an amended Form 4 with the SEC.
- The amendment clarifies a transaction that occurred on November 13, 2019, regarding SPAR Group, Inc. common stock.
- The original filing reported a disposal of 1,000,000 shares by Robert G. Brown as a bona fide gift.
- The amended filing clarifies that Innovative Global Technologies LLC acquired the 1,000,000 shares.
- Following the transaction, Brown directly owns 9,535,611 shares and indirectly owns 2,000,000 shares through Innovative Global Technologies LLC.
- Robert G. Brown is a Manager of Innovative Global Technologies LLC.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
This filing is a routine disclosure related to changes in beneficial ownership by a company insider. It provides transparency to the market regarding the holdings of key individuals.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the ownership structure of SPAR Group, Inc.
Key Dates
| Date | Description |
|---|---|
| 11/13/2019 | Date of the stock transaction. |
| 11/15/2019 | Date of original Form 4 filing. |
| 01/25/2019 | Date of SC 13D/A filing by Mr. Brown. |
| 03/06/2024 | Date of amended Form 4 filing. |
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