Jason Reese - May 4, 2022 Form 4 Insider Report for Great Elm Group, Inc. (GEG)

Role: Director, 10%+ Owner
Signature: Jason Reese, By: /s/ Jason Reese
Stock symbol: GEG
Transactions as of: May 4, 2022
Transactions value $: $2,479,671
Form type: 4
Date filed: 5/6/2022, 05:54 PM
Previous filing: Jan 5, 2022
Next filing: May 16, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GEG	Common stock, par value $0.01 per share ("Common Stock")	Purchase	$2.48M	+1.37M	+51.54%	$1.81	4.03M	May 4, 2022	See Footnotes	F1, F2, F3
holding	GEG	Common Stock						405K	May 4, 2022	Direct	F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Price determined pursuant to the terms of an Asset Purchase Agreement (the "Agreement") between the Issuer and Imperial Capital Asset Management, LLC ("ICAM"), dated May 4, 2022.
F2	Consists of 2,657,998 shares held directly by Long Ball Partners, LLC ("Long Ball") and 1,369,984 shares held directly by ICAM. Mr. Reese is portfolio manager to Long Ball and is Chairman and Chief Executive Officer of ICAM, which is the managing member of and investment manager to Long Ball.
F3	Each of Mr. Reese, ICAM and Long Ball disclaims beneficial ownership of the securities reported herein, except to the extent of that person's pecuniary interest.
F4	Consists of shares held directly by Mr. Reese.

Remarks:

Mr. Reese is a director and Executive Chairman of the Issuer.