SPAR Group, Inc. — Insider Transactions
Form 4 filings by directors, officers, and 10%+ shareholders
SEC rules require corporate insiders — including directors, executive officers, and any shareholder owning more than 10% of a company's shares — to report changes in their ownership within two business days of a transaction. These disclosures are filed as Form 4. Open-market purchases (code P) are generally considered the most meaningful signal, as insiders are spending their own money.
| Insider | Title | Type | Shares | Price | Value | Owns After | Date |
|---|---|---|---|---|---|---|---|
| Hennen Steven Michael | Chief Financial Officer | Purchase | 55,000 | $0.78 | $42,900 | 55,000 | Dec 19, 2025 |
| Linnane William | President | Purchase | 173,000 | $1.02 | $176,460 | 190,909 | Oct 3, 2025 |
| BROWN ROBERT G/ | — | Other | 454,355 | — | — | 538,194 | Sep 25, 2025 |
| Matacunas Mike R. | Chief Executive Officer | Option Exercise | 96,154 | — | — | 263,120 | Sep 2, 2025 |
| BARTELS WILLIAMS H | — | Other | 600,000 | — | — | 4,709,837 | Jun 24, 2025 |
| Matacunas Mike R. | Chief Executive Officer | Option Exercise | 40,051 | — | — | 166,966 | May 15, 2025 |
| BROWN ROBERT G/ | — | Sale | 6,000 | $1.05 | $6,300 | 2,447,134 | May 12, 2025 |
| BROWN ROBERT G/ | — | Purchase | 1,000 | $1.09 | $1,090 | 2,453,134 | Apr 21, 2025 |
| BROWN ROBERT G/ | — | Purchase | 5,000 | $1.10 | $5,500 | 2,452,134 | Apr 15, 2025 |
| BROWN ROBERT G/ | — | Sale | 2,141 | $1.98 | $4,239 | 2,453,993 | Jan 28, 2025 |
| SPAR Business Services Inc | — | Sale | 1,000 | $1.97 | $1,970 | 992,549 | Jan 28, 2025 |
| BROWN ROBERT G/ | — | Sale | 862 | $1.98 | $1,707 | 2,447,134 | Jan 23, 2025 |
| BROWN ROBERT G/ | — | Sale | 244 | $1.98 | $483 | 2,456,134 | Jan 23, 2025 |
| SPAR Business Services Inc | — | Sale | 1,901 | $1.86 | $3,536 | 1,024,248 | Jan 22, 2025 |
| SPAR Business Services Inc | — | Sale | 9,361 | $1.85 | $17,318 | 1,026,149 | Jan 16, 2025 |
| SPAR Business Services Inc | — | Sale | 28 | $1.95 | $55 | 1,035,510 | Jan 6, 2025 |
| BROWN ROBERT G/ | — | Sale | 11,000 | $1.92 | $21,120 | 2,456,378 | Dec 21, 2024 |
| BARTELS WILLIAMS H | — | Gift | 600,000 | — | — | 4,109,837 | Nov 13, 2024 |
| BROWN ROBERT G/ | — | Sale | 21,221 | $2.45 | $51,991 | 2,476,378 | Oct 28, 2024 |
| BROWN ROBERT G/ | — | Sale | 10,000 | $2.44 | $24,400 | 2,497,599 | Oct 25, 2024 |
| BROWN ROBERT G/ | — | Sale | 600 | $2.42 | $1,452 | 2,524,012 | Oct 24, 2024 |
| BROWN ROBERT G/ | — | Sale | 43,834 | $2.42 | $106,078 | 2,524,612 | Oct 22, 2024 |
| BROWN ROBERT G/ | — | Sale | 799 | $2.42 | $1,934 | 2,732,800 | Oct 18, 2024 |
| BROWN ROBERT G/ | — | Sale | 800 | $2.42 | $1,936 | 2,733,599 | Oct 16, 2024 |
| BROWN ROBERT G/ | — | Sale | 300 | $2.43 | $729 | 2,736,499 | Oct 14, 2024 |
| BROWN ROBERT G/ | — | Sale | 94,900 | $2.43 | $230,607 | 2,736,799 | Oct 10, 2024 |
| SPAR Business Services Inc | — | Sale | 9,442 | $2.43 | $22,944 | 1,035,538 | Oct 10, 2024 |
| BROWN ROBERT G/ | — | Sale | 4,318 | $2.43 | $10,493 | 2,831,699 | Oct 9, 2024 |
| SPAR Business Services Inc | — | Sale | 20,558 | $2.43 | $49,956 | 1,044,980 | Oct 9, 2024 |
| BROWN ROBERT G/ | — | Sale | 1,975 | $2.43 | $4,799 | 3,086,017 | Oct 8, 2024 |
| BELZER KORI | Global Chief Operating Officer | Option Exercise | 5,421 | — | — | 33,222 | Aug 12, 2024 |
| BROWN ROBERT G/ | — | Sale | 900 | $2.11 | $1,899 | 3,141,123 | Jul 18, 2024 |
| SPAR Business Services Inc | — | Sale | 57,329 | $2.20 | $126,124 | 1,154,909 | Jul 10, 2024 |
| BROWN ROBERT G/ | — | Sale | 2,448 | $2.11 | $5,165 | 3,150,815 | Jun 6, 2024 |
| BROWN ROBERT G/ | — | Sale | 4,700 | $2.69 | $12,643 | 3,153,263 | May 24, 2024 |
| BELZER KORI | Global Chief Operating Officer | Option Exercise | 13,227 | $2.17 | $28,703 | 25,921 | May 20, 2024 |
| Matacunas Mike R. | Chief Executive Officer | Option Exercise | 54,959 | — | — | 126,915 | May 15, 2024 |
| BARTELS WILLIAMS H | — | Sale | 1,000,000 | $1.80 | $1,800,000 | 4,709,837 | May 9, 2024 |
| BROWN ROBERT G/ | — | Sale | 50,000 | $1.35 | $67,500 | 3,257,963 | Apr 1, 2024 |
| SPAR Business Services Inc | — | Sale | 200 | $1.43 | $286 | 1,071,305 | Apr 1, 2024 |
| BROWN ROBERT G/ | — | Sale | 900 | $2.11 | $1,899 | 3,141,053 | Apr 1, 2024 |
| SPAR Business Services Inc | — | Sale | 443 | $1.03 | $456 | 1,215,538 | Mar 18, 2024 |
| BROWN ROBERT G/ | — | Gift | 90,000 | — | — | 3,307,963 | Mar 13, 2024 |
| BROWN ROBERT G/ | — | Sale | 200 | $1.03 | $206 | 3,397,963 | Mar 13, 2024 |
| BROWN ROBERT G/ | — | Sale | 500 | $1.02 | $510 | 3,398,163 | Mar 11, 2024 |
| Calisto Pato Antonio | Chief Financial Officer | Option Exercise | 117,188 | — | — | 117,188 | Mar 10, 2024 |
| SPAR Business Services Inc | — | Sale | 4,557 | $1.10 | $5,013 | 1,215,981 | Feb 27, 2024 |
| BARTELS WILLIAMS H | — | Option Exercise | 206,463 | — | — | 5,606,547 | Jan 11, 2024 |
| BROWN ROBERT G/ | — | Gift | 90,000 | — | — | 2,870,996 | Jan 2, 2024 |
| BROWN ROBERT G/ | — | Option Exercise | 284,130 | — | — | 3,245,126 | Nov 10, 2023 |