SPAR Group, Inc. — Director's Dealing 2022

Sep 23, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SPAR Group, Inc. (SGRP)
CIK: 0001004989
Period of Report: 2021-08-12

Reporting Person: BELZER KORI (Global Chief Operating Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-08-12	Restricted Stock Units, Based on Common Stock $.01 Par Value	$0	A	24862	Acquired		Common Stock, $.01 par value (24862)	Direct

Footnotes

F1: On August 12, 2021, the Reporting Person received an award for Restricted Stock Units (RSUs) for $45,000 of shares of SGRP's Common Stock having a value of its market price of $1.81 per share on the day awarded, which equals 24,862 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) over a three (3) year period following the date of grant annually in three (3) annual installments of 8,287 each starting on the first anniversary of the RSU grant date, 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.