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Ownership Document
|
| Schema Version: X0508 |
| Document Type: 4 |
| Period of Report: 2/21/24 |
| Not Subject to Section 16: 0 |
| Issuer: |
| Issuer CIK: 318299 |
| Issuer Name: SPARTA COMMERCIAL SERVICES, INC. |
| Issuer Trading Symbol: SRCO |
| Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1280731 |
| | Owner Name: AHMAN SANDRA L |
| Reporting Owner Address: |
| | Owner Street 1: 555 FIFTH AVE |
| | Owner Street 2: 14TH FLOOR |
| | Owner City: NEW YORK |
| | Owner State: NY |
| | Owner ZIP Code: 10017 |
| | Owner State Description: |
| Reporting Owner Relationship: |
| | Is Director? Yes |
| | Is Officer? Yes |
| | Is Ten Percent Owner? No |
| | Is Other? No |
| | Officer Title: Vice President Operations |
| Aff 10b5 One: 0 |
| Derivative Table: |
| Derivative Transaction: |
| | Security Title: |
| | | Value: Non-Qualified Stock Option |
| | Conversion or Exercise Price: |
| | | Value: 0.14 |
| | Transaction Date: |
| | | Value: 2/21/24 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: A |
| | | Equity Swap Involved? No |
| | Transaction Timeliness: |
| | | Value: |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 600,000 |
| | | Transaction Price Per Share: |
| Value: 0.14 |
| | | Transaction Acquired-Disposed Code: |
| Value: A |
| | Exercise Date: |
| | | Value: 2/21/24 |
| | | Footnote ID: F1 |
| | Expiration Date: |
| | | Value: 2/21/29 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 600,000 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 4,132,560 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Footnotes: |
| Footnote - F1: 200,000 options vest immediately, 200,000 options vest 2/21/25, and 200,000 options vest 2/21/26. |
| Owner Signature: |
| Signature Name: Sandra L. Ahman |
| Signature Date: 2/23/24 |
