As of November 8, 2026, 3 holders' latest Schedule 13D or 13G filings report owning 5% or more of SPAR Group, Inc. The largest reported stake is ReposiTrak, Inc.'s, at 31.4%. 9 filings are on record since June 9, 2026 (Schedule 13D, July 20, 2026).
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Key facts
- · Reporting person: Villani Kimberly Marion · Sole voting: 1,408,000 · Shared voting: 0 · Sole dispositive: 1,408,000 · Shared dispositive: 0 · SCHEDULE 13G, 2026-10-30
- · Reporting person: SP/R, Inc. Defined Benefit Pension Trust · Sole voting: 1,062,506 · Shared voting: 0 · Sole dispositive: 1,062,506 · Shared dispositive: 0 · SCHEDULE 13G, 2026-10-29
- · Reporting person: Brown Robert G/ · Sole voting: 1,778,709 · Shared voting: 3,538,194 · Sole dispositive: 1,778,709 · Shared dispositive: 3,538,194 · SCHEDULE 13D/A, 2026-10-27
- · Holder: Brown Robert G/ · Percent: 18.7% · SCHEDULE 13D/A
- · Reporting person: Brown Rory William · Sole voting: 2,134,548 · Shared voting: 0 · Sole dispositive: 2,134,548 · Shared dispositive: 0 · SCHEDULE 13G, 2026-10-21
SPAR Group, Inc. has 9 Schedule 13D or 13G filings on record since 2026-06-09. 3 holders' latest filing reports 5% or more of common stock, par value $0.01 per share. Each figure below is the holder's own, as filed, with the filing linked.
Holders
| Holder | Percent | Shares | Latest | Event date |
|---|---|---|---|---|
| ReposiTrak, Inc. | 31.4% | 8,900,406 | SCHEDULE 13D, 2026-07-20 | 2026-07-01 |
| Brown Robert G/ | 18.7% | 5,316,903 | SCHEDULE 13D/A, 2026-10-27 | 2026-05-01 |
| 7.5% | 2,134,548 | SCHEDULE 13G, 2026-10-21 | 2011-05-31 | |
| 4.9% | 1,408,000 | SCHEDULE 13G, 2026-10-30 | 2013-01-01 | |
| SP/R, Inc. Defined Benefit Pension Trust | 3.7% | 1,062,506 | SCHEDULE 13G, 2026-10-29 | 2024-08-08 |
| 0% | 0 | SCHEDULE 13D/A, 2026-07-16 | 2026-07-01 |
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Voting and dispositive power, as filed
| Reporting person | Sole voting | Shared voting | Sole dispositive | Shared dispositive | Filing |
|---|---|---|---|---|---|
| ReposiTrak, Inc. | 8,900,406 | 0 | 8,900,406 | 0 | SCHEDULE 13D, 2026-07-20 |
| Brown Robert G/ | 1,778,709 | 3,538,194 | 1,778,709 | 3,538,194 | SCHEDULE 13D/A, 2026-10-27 |
| SPAR Business Services Inc | 0 | 538,194 | 0 | 538,194 | SCHEDULE 13D/A, 2026-10-27 |
| Innovative Global Technologies, LLC | 0 | 3,000,000 | 0 | 3,000,000 | SCHEDULE 13D/A, 2026-10-27 |
| Brown Rory William | 2,134,548 | 0 | 2,134,548 | 0 | SCHEDULE 13G, 2026-10-21 |
| Villani Kimberly Marion | 1,408,000 | 0 | 1,408,000 | 0 | SCHEDULE 13G, 2026-10-30 |
| SP/R, Inc. Defined Benefit Pension Trust | 1,062,506 | 0 | 1,062,506 | 0 | SCHEDULE 13G, 2026-10-29 |
| Bartels William H | 0 | 0 | 0 | 0 | SCHEDULE 13D/A, 2026-07-16 |
The latest filing identifies SPAR Group, Inc. by CUSIP 784933103 and gives its principal executive office as 110 EAST BOULEVARD, SUITE 1600, CHARLOTTE, NC 28203 (SCHEDULE 13G, 2026-10-30).
What the percentages are based on
Approximately 7.5%, based on 28,398,560 shares of Common Stock outstanding as of August 6, 2026, as reported in the Issuer's Quarterly Report on Form 10-Q for the quarter ended June 30, 2026, filed August 13, 2026.Brown Rory William, SCHEDULE 13G, 2026-10-21
Source of funds (Item 3)
On July 1, 2026, the Reporting Person used approximately $3,296,886 in the aggregate to purchase 4,709,837 shares of Common Stock of the Issuer (the "Shares"). The source of the funds used to acquire the Shares is the working capital of the Reporting Person. Shares of Common Stock of the Issuer held by the Reporting Person prior to the acquisition of such Shares were acquired with working capital of the Reporting Person and under the terms of a Services Agreement by and between the Reporting Person and the Issuer.ReposiTrak, Inc., SCHEDULE 13D, 2026-07-20
No new acquisition of Common Stock is reported in this Amendment. The sources of funds and other consideration for shares previously acquired are as described in the Schedule 13D, including shares issued to SBS pursuant to the 2022 Change of Control, Voting and Restricted Stock Agreement. The Form 4 filed September 25, 2025 described a correction of an earlier allocation between reporting lines rather than a cash purchase.Brown Robert G/, SCHEDULE 13D/A, 2026-10-27
Purpose of Transaction (Item 4)
ReposiTrak, Inc.
The Shares were acquired for investment purposes. Depending on market conditions and other factors (including evaluation of the Issuer's businesses and prospects, availability of funds, alternative uses of funds and general economic conditions), the Reporting Person may from time to time acquire additional securities of the Issuer or dispose of all or a portion of its investment in the Issuer. The Reporting Person intends to review its investment in the Issuer on an ongoing basis and, in the course of its review, may take actions with respect to its investment or the Issuer, including communicating with the board of directors of the Issuer (the "Board"), members of management or other security-holders of the Issuer, or other third parties from time to time, taking steps to implement a course of action, including, without limitation, engaging advisors, including legal, financial, regulatory, technical and/or industry advisors, to assist in any review, and evaluating strategic alternatives as they may become available. This Schedule 13D filing is occasioned solely by the Reporting Person's beneficial ownership of more than 5% of the presently outstanding shares of Common Stock of the Issuer as a result of the investment described in Item 3. The Reporting Person's ownership as a percentage of the outstanding shares of Common Stock of the Issuer may be deemed to have the resulting effect of changing or influencing the control of the Issuer, notwithstanding that the shares of …The first part of Item 4 of the SCHEDULE 13D filed 2026-07-20; the filing has the rest
Bartels William H
This Schedule 13D filing is occasioned solely by the Reporting Person's beneficial ownership of less than 5% of the presently outstanding shares of Common Stock of the Issuer as a result of the sale of the shares pursuant to a stock purchase agreement on July 1, 2026.Item 4 of the SCHEDULE 13D/A filed 2026-07-16
Brown Robert G/
On May 1, 2026, the Issuer, Brown and SBS entered into a Settlement Agreement and Release and a separate CIC-Related Side Letter (the "CIC Side Agreement"). As among those three parties only, the CIC Side Agreement provides for treatment of the January 28, 2022 Change of Control, Voting and Restricted Stock Agreement (the "CIC Agreement") as continuing through January 28, 2028, with the modifications specified in the CIC Side Agreement. Among other things, the Issuer agreed that Brown shall have the right to designate up to two individuals to serve on the Issuer's Board of Directors and to replace such designees by written notice, subject to the terms of the CIC Side Agreement. The CIC Side Agreement is a separate agreement among its signatories, is not a formal amendment binding nonsignatories to the CIC Agreement, and is incorporated by reference in Item 7. Other than the contractual board-designation rights described above, the Reporting Persons have no current plan or proposal of the kind enumerated in Item 4(a) through (j).Item 4 of the SCHEDULE 13D/A filed 2026-10-27
Timeline
| Filed | Holder | Percent | Filing |
|---|---|---|---|
| 2026-06-09 | ReposiTrak, Inc. | 14.8% | SCHEDULE 13G |
| 2026-07-16 | Bartels William H | 0% | SCHEDULE 13D/A |
| 2026-07-20 | ReposiTrak, Inc. | 31.4% | SCHEDULE 13D |
| 2026-10-07 | Brown Robert G/ | 18.7% | SCHEDULE 13D/A |
| 2026-10-21 | Brown Rory William | 7.5% | SCHEDULE 13G |
| 2026-10-27 | Brown Robert G/ | 18.7% | SCHEDULE 13D/A |
| 2026-10-27 | Brown Robert G/ | 18.7% | SCHEDULE 13D/A |
| 2026-10-29 | SP/R, Inc. Defined Benefit Pension Trust | 3.7% | SCHEDULE 13G |
| 2026-10-30 | Villani Kimberly Marion | 4.9% | SCHEDULE 13G |
Questions about who owns SPAR Group, Inc.
Who owns SPAR Group, Inc.?
On this page, 3 holders' latest ownership filings report 5% or more of SPAR Group, Inc.: ReposiTrak, Inc. (31.4%, Schedule 13D, filed 2026-07-20), Brown Robert G/ (18.7%, Schedule 13D/A, filed 2026-10-27) and Brown Rory William (7.5%, Schedule 13G, filed 2026-10-21).
Who are the largest shareholders of SPAR Group, Inc.?
By the share each holder's latest filing reports, the largest holders of SPAR Group, Inc. on this page are ReposiTrak, Inc. (31.4%), Brown Robert G/ (18.7%) and Brown Rory William (7.5%).
When did ReposiTrak, Inc. buy into SPAR Group, Inc.?
The filings give report dates, not purchase dates. The earliest filing from ReposiTrak, Inc. on this page is the Schedule 13G, filed 2026-06-09, reporting 14.8%; its latest, Schedule 13D filed 2026-07-20, reports 31.4%.
Is this an audit or a full list?
Neither. The ownership list on this page covers only Schedule 13D and 13G filings, which holders make once they own 5% or more of a class of shares (an amendment can report a stake that has since fallen below 5%); 9 such filings are shown here. It is not an audit and not a full cap table: holders who never reached 5% are not listed, and a stake can change after its latest filing.
Also on the record for SPAR Group, Inc.
| Date | Record | Figure | Our page | Source |
|---|---|---|---|---|
| August 12, 2026 | Leadership change filing (Form 8-K, Item 5.02) | — | Leadership changes | Source |
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Where this comes from
Anyone who comes to own more than 5% of a class of a listed company's voting shares has to tell the SEC. A holder who may seek to change or influence the company files Schedule 13D, and has to say in Item 4, "Purpose of Transaction", what it intends to do. A holder with no such intent, such as many index and passive funds, may file the shorter Schedule 13G. Both are amended when the stake changes, including when it falls below 5%.
Every row here is one of those filings, linked to the filing itself. Percentages and share counts are exactly as the holder filed them, for the holder the filing names; an amendment showing a lower figure is shown as filed. Item 4 text is quoted word for word. Where a 13D's Item 4 contains a sentence stating a definite intent to influence the company, that sentence is marked and quoted; the page does not describe the holder or its motives beyond the words it filed. Nothing here is investment advice.