Jason Reese - May 23, 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 23, 2022
Transactions value $: $109,500
Form type: 4
Date filed: 5/25/2022, 07:02 PM
Previous filing: May 20, 2022
Next filing: Jun 2, 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	$110K	+50K	+1.18%	$2.19	4.27M	May 23, 2022	See Footnotes	F1
holding	GEG	Common Stock						405K	May 23, 2022	Direct	F2, F3

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

Explanation of Responses:

Id	Content
F1	Consists of 2,904,498 shares held directly Long Ball Partners, LLC ("Long Ball") and 1,369,984 shares held directly by Imperial Capital Asset Management, LLC ("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.
F2	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.
F3	Consists of shares held directly by Mr. Reese.

Remarks:

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