Sec Form 4 Filing - Lutz Ronald Wayne @ SPAR Group, Inc. - 2022-08-02

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Lutz Ronald Wayne
2. Issuer Name and Ticker or Trading Symbol
SPAR Group, Inc. [ SGRP]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Chief Global CommercialOfficer
(Last) (First) (Middle)
C/O SPAR GROUP, INC., 1910 OPDYKE COURT
3. Date of Earliest Transaction (MM/DD/YY)
08/02/2022
(Street)
AUBURN HILLS, MI48326
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units, Based on Common Stock $.01 Par Value $ 0( 1 )( 3 )( 4 ) 08/02/2022 C 26,882 08/02/2022( 1 ) ( 2 ) Common Stock, $0.1 par value 26,882 $ 0( 1 )( 3 )( 4 ) 0 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Lutz Ronald Wayne
C/O SPAR GROUP, INC.
1910 OPDYKE COURT
AUBURN HILLS, MI48326
Chief Global CommercialOfficer
Signatures
/s/ Ronald W. Lutz 10/11/2022
Signature of Reporting Person Date
Explanation of Responses:
( 1 )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.
( 2 )Not applicable.
( 3 )There was no conversion price to be paid.
( 4 )On the date the RSU's vested and were replaced with common stock, the value was $1.15 per share.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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