Antonio Calisto - Mar 10, 2023 Form 3 Insider Report for SPAR Group, Inc. (SGRP)

Role
Chief Financial Officer
Signature
/s/ Antonio Calisto Pato
Stock symbol
SGRP
Transactions as of
Mar 10, 2023
Transactions value $
$0
Form type
3
Date filed
4/10/2023, 05:00 PM
Next filing
Apr 10, 2024

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding SGRP Restricted Stock Units, Based on Common Stock, $.01 Par Valu Mar 10, 2023 Common Stock, $.01 Par Value 117K $1.28 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 10, 2023, the Reporting Person received an inducement award approved by SPAR Group, Inc.'s (the Issuer) Board of Directors for Restricted Stock Units (RSUs) for $150,000 of shares of SGRP's Common Stock representing 117,188 shares of the Issuer's Common Stock based on the market price of $1.28 per share on March 10, 2023 (the RSU issuance date). Subject to certain conditions (including the Reporting Person's continued employment by the Issuer at such time), the RSUs are scheduled on March 10, 2024, to automatically vest and convert and become payable either (at the option of the Issuer) in cash or Common Stock issued directly from the Issuer, but no exercise price or other payment for such shares is required.
F2 Not applicable.