4/A: Robert G. Brown Amends Form 4 Filing to Clarify Stock Transaction Details
SEC Filing
Robert G. Brown amends a previous Form 4 filing to clarify the acquisition of 1,000,000 shares of SPAR Group, Inc. common stock by Innovative Global Technologies LLC.
Summary
- Robert G. Brown, a director of SPAR Group, Inc., filed an amendment to a Form 4 on March 6, 2024, regarding transactions from February 28, 2020.
- The amendment clarifies that Innovative Global Technologies LLC acquired 1,000,000 shares of SPAR Group, Inc. common stock, which were initially reported as a gift disposal by Robert G. Brown.
- Following the transaction, Brown directly owns 10,445,611 shares and indirectly owns 3,000,000 shares through Innovative Global Technologies LLC.
- Brown is a Manager of Innovative Global Technologies LLC.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, ensuring transparency in the market.
Key Dates
| Date | Description |
|---|---|
| 02/28/2020 | Date of the stock transaction (gift and acquisition). |
| 06/19/2020 | Date of original Form 4 filing. |
| 03/02/2020 | Date of form SC 13D/A filed by Mr. Brown. |
| 03/06/2024 | Date of the amended Form 4 filing. |
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