The 7.5% passive stake signals meaningful conviction from an individual investor but carries no activist intent. Monitor for any future conversion to 13D or insider trading patterns that could indicate a change in stance.
Price Chart
Executive Summary
Rory William Brown filed a Schedule 13G disclosing beneficial ownership of 2,134,548 shares of SPAR Group, Inc. common stock, representing approximately 7.5% of shares outstanding. The filing is passive (Rule 13d-1(c)) with no intent to influence control, and the stake is held through multiple trusts with sole voting and dispositive power retained by the filer.
Key Financial Metrics
Key Facts
- Rory William Brown beneficially owns 2,134,548 shares of SPAR Group common stock.
- Stake represents approximately 7.5% of shares outstanding based on 28,398,560 shares as of August 6, 2026.
- Filing is made under Rule 13d-1(c) — passive investment, no intent to change or influence control.
- Shares are held via multiple trusts; filer retains sole voting and dispositive power.
- No prior 13G or 13D on file for this filer at SPAR Group — appears to be a new disclosure.
Financial Impact
Passive stake of 7.5% — no direct financial impact from the filing itself.
Risk Factors
- Filer could later convert to 13D and become activist, though no current indication.
- Concentrated ownership may reduce public float liquidity.
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13G Filing (Primary) | 0002157290-26-000002 |
| Document: 0002157290-26-000002-index.html | 0002157290-26-000002 |
| Document: 0002157290-26-000002.txt | 0002157290-26-000002 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 5d ago | SC 13G | $0.2875 $0.2875 | · 0.00% | ▲ +1.18% | $0.6600 (+129.57%) |
Oct 7, 2026 19d ago | SC 13D/A | $0.2875 $0.2875 | · 0.00% | ▲ +0.42% | $0.6600 (+129.57%) |
Aug 13, 2026 10w ago | 8-K | $0.2875 $0.2875 | · 0.00% | ▼ −0.20% | $0.6600 (−129.57%) |
Aug 13, 2026 10w ago | Press Release | $0.2875 $0.2875 | · 0.00% | ▲ +0.20% | $0.6600 (+129.57%) |
Jul 23, 2026 13w ago | 3 | $0.3900 $0.3800 | ▼ −2.56% | ▼ −2.67% | $0.6600 (+69.23%) |
Jul 22, 2026 13w ago | Press Release | $0.3900 $0.3800 | ▲ +2.56% | ▲ +2.67% | $0.6600 (−69.23%) |
Jun 3, 2026 20w ago | 8-K | $0.7400 $0.7400 | · 0.00% | ▼ −2.60% | $0.6600 (+10.81%) |
May 12, 2026 24w ago | 8-K | $0.6800 $0.6700 | ▼ −1.47% | ▼ −2.05% | $0.6600 (−2.94%) |
May 12, 2026 24w ago | Press Release | $0.6800 $0.6700 | ▼ −1.47% | ▼ −2.05% | $0.6600 (−2.94%) |
Apr 13, 2026 28w ago | 8-K | $0.5900 $0.6000 | ▼ −1.69% | ▼ −0.92% | $0.6600 (−11.86%) |
US Market Status
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