Kimberly M. Villani filed a Schedule 13G with the SEC on October 30, 2026, disclosing beneficial ownership of 1,408,000 shares of common stock in SPAR Group, Inc., representing 4.96% of the class outstanding.

Key Highlights

  • Total beneficial ownership: Villani reported aggregate beneficial ownership of 1,408,000 shares of SPAR Group, Inc. common stock, par value $0.01 per share.
  • Percent of class: The 1,408,000 shares represent 4.96% of the class, as disclosed in the filing.
  • Sole voting and dispositive power: Villani holds sole voting power and sole dispositive power over all 1,408,000 shares, with no shared voting or dispositive power reported.
  • Trustee roles: The shares include 700,000 held by the Grantor Trust of Rory W. Brown and 700,000 held by the Grantor Trust of Heather H. Roseberry, for both of which Villani serves as trustee, plus 8,000 shares held in a personal capacity.
  • Prior trustee resignations: Villani resigned as trustee of the SP/R, Inc. Defined Benefit Pension Trust on October 31, 2023, and as trustee of the Trust II of Robert G. Brown on September 30, 2026.
  • Triggering event date: The filing lists January 1, 2013 as the date of the event which requires filing of the statement.

Villani's Ownership Structure and Trustee Changes at SPAR Group

According to the Schedule 13G filed on October 30, 2026, Kimberly M. Villani, a United States citizen residing in New Hope, Pennsylvania, disclosed beneficial ownership of 1,408,000 shares of SPAR Group, Inc. common stock. The filing indicates that Villani holds sole voting and dispositive power over all 1,408,000 shares and shared voting or dispositive power over none. The issuer, SPAR Group, Inc., is headquartered at 110 East Boulevard, Suite 1600, Charlotte, North Carolina, 28203, according to the filing.

The filing details that the 1,408,000 shares consist of 8,000 shares held in Villani's personal investment accounts and 1,400,000 shares held across two trusts for which she serves as trustee: the Grantor Trust of Rory W. Brown (700,000 shares) and the Grantor Trust of Heather H. Roseberry (700,000 shares). The filing notes that Villani became trustee of the Grantor Trust of Rory W. Brown on January 31, 2025. The filing also discloses that as of January 1, 2023, Villani had voting and dispositive power over 1,913,000 shares representing 8.45% of shares then outstanding, a figure that has since decreased following her resignation from two trustee positions.

The filing states that Villani resigned as trustee of the SP/R, Inc. Defined Benefit Pension Trust on October 31, 2023, and as trustee of the Trust II of Robert G. Brown on September 30, 2026. Item 5 of the filing confirms ownership of 5 percent or less of the class. The filing further states that the securities "were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer," per Villani's certification.

What Was Disclosed

Kimberly M. Villani filed a Schedule 13G disclosing 1,408,000 shares of SPAR Group, Inc. common stock, equal to 4.96% of the class, held through personal accounts and two trusts for which she serves as trustee, as of October 30, 2026.