Director and 10% owner Robert G. Brown filed a Form 4 with the SEC on November 6, 2026, disclosing a sale of 1,000 shares of SPAR Group, Inc. common stock on November 5, 2026.

Key Highlights

  • Transaction: Robert G. Brown disposed of 1,000 shares of SPAR Group common stock (transaction code S) on November 5, 2026, at a price of $0.65 per share.
  • Direct ownership after transaction: Brown directly held 2,741,389 shares following the reported sale, according to the filing.
  • Indirect holdings via Innovative Global Technologies LLC: Brown is listed as indirectly beneficially owning 3,000,000 shares through Innovative Global Technologies LLC, of which he is a Manager.
  • Indirect holdings via SPAR Business Services, Inc.: An additional 538,194 shares are attributed to Brown indirectly through SPAR Business Services, Inc., where he is described as the controlling officer/director and a significant stockholder.
  • Spousal shares disclaimed: The directly held total includes 44,000 shares owned by Jean Brown, Robert G. Brown's wife, as to which the filing states he disclaims any beneficial ownership.
  • Role: The filing identifies Brown as both a Director and a 10% owner of SPAR Group, Inc.

Brown's Sale and Beneficial Ownership Structure at SPAR Group

According to the Form 4 filed on November 6, 2026, Robert G. Brown sold 1,000 shares of SPAR Group, Inc. (OTC:SGRP) common stock, par value $0.01, on November 5, 2026, at $0.65 per share. The transaction is reported under transaction code S, indicating an open-market sale. Brown is identified in the filing as both a Director and a 10% owner of the issuer.

Following the sale, the filing reports Brown's direct beneficial ownership at 2,741,389 shares. The filing notes that this figure includes 44,000 shares owned by his wife, Jean Brown, and that Brown disclaims beneficial ownership of those shares. The directly held total also includes shares described as estimated shares deemed to be beneficially owned by Robert and Jean Brown in a defined benefit pension trust due to receiving a pension.

In addition to direct holdings, the filing discloses two categories of indirect beneficial ownership. Brown is reported to indirectly own 3,000,000 shares through Innovative Global Technologies LLC, of which he is a Manager. A further 538,194 shares are reported as indirectly held through SPAR Business Services, Inc. (SBS), where the filing describes Brown as "the controlling officer/director and a significant stockholder."

What Was Disclosed

The filing reports a single open-market sale of 1,000 SPAR Group common shares by Director and 10% owner Robert G. Brown at $0.65 per share on November 5, 2026, with post-transaction direct ownership of 2,741,389 shares and total indirect interests of 3,538,194 shares across two entities.