SPAR Group, Inc. — Director's Dealing 2022

Oct 11, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SPAR Group, Inc. (SGRP)
CIK: 0001004989
Period of Report: 2022-08-02

Reporting Person: Lutz Ronald Wayne (Chief Global CommercialOfficer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-08-02	Restricted Stock Units, Based on Common Stock $.01 Par Value	$0	C	26882	Disposed		Common Stock, $0.1 par value (26882)	Direct

Footnotes

F1: On August 2, 2021, the Reporting Person received an award for Restricted Stock Units (RSUs) for $50,000 of shares of SGRP's Common Stock having a value of its market price of $1.86 per share on the day awarded, which equals 26,882 shares of SGRP's Common Stock. The RSUs are scheduled to vest and will be payable in cash or Common Stock (at the option of the Issuer) on August 2, 2022, subject to certain conditions, but no exercise price or other payment for such shares is required.

F2: Not applicable.

F3: There was no conversion price to be paid.

F4: On the date the RSU's vested and were replaced with common stock, the value was $1.15 per share.