SGRP.NASDAQSpar Group, INC

4/A: Robert G. Brown Amends Form 4 Filing to Clarify Stock Transaction

Sentiment:

SEC Form 4/A Amendment

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Robert G. Brown amends a previous Form 4 filing to clarify that Innovative Global Technologies LLC acquired 1,000,000 shares of SPAR Group, Inc. common stock, not disposed of as a gift.

Summary

  • Robert G. Brown, a director of SPAR Group, Inc., has amended a Form 4 filing related to a transaction on November 1, 2019.
  • The amendment clarifies that Innovative Global Technologies LLC acquired 1,000,000 shares of SPAR Group, Inc. common stock.
  • The original filing, dated November 15, 2019, incorrectly reported that Robert G. Brown disposed of these shares as a bona fide gift.
  • Following the transaction, Mr. Brown directly owns 10,535,611 shares and Innovative Global Technologies LLC indirectly owns 1,000,000 shares.
  • Robert G. Brown is a Manager of Innovative Global Technologies LLC.

Sentiment

Score: 5

Explanation: The document is a factual correction of a previous 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 investors regarding the holdings of key individuals and entities associated with SPAR Group, Inc.

Stakeholder Impact

  • The correction provides clarity to shareholders regarding the ownership of SPAR Group, Inc. stock.

Key Dates

DateDescription
11/01/2019Date of the stock transaction where Innovative Global Technologies LLC acquired 1,000,000 shares.
11/15/2019Date of the original Form 4 filing that was later amended.
01/25/2019Date of form SC 13D/A filed by Mr. Brown.
03/06/2024Date of the amended Form 4 filing.

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