Jason Reese - Oct 14, 2022 Form 4 Insider Report for Great Elm Group, Inc. (GEG)

Role
Director, 10%+ Owner
Signature
Jason Reese, /s/ Jason Reese
Stock symbol
GEG
Transactions as of
Oct 14, 2022
Transactions value $
$53,542
Form type
4
Date filed
10/18/2022, 06:43 PM
Previous filing
Oct 13, 2022
Next filing
Oct 25, 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 $10.6K +5.28K +0.11% $2.00 4.97M Oct 14, 2022 See Footnotes F1, F2, F3, F6
transaction GEG Common Stock Purchase $43K +21.5K +0.43% $2.00 4.99M Oct 18, 2022 See Footnotes F1, F4, F5, F6
holding GEG Common Stock 565K Oct 14, 2022 Direct F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This purchase was effected pursuant to a Rule 10b5-1 Trading Plan established by Long Ball Partners, LLC ("Long Ball") on June 15, 2022.
F2 The price reported in Column 4 is a weighted average price, rounded to the nearest cent. These shares were purchased in multiple transactions at prices ranging from $1.98 to $2.00, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the SEC, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
F3 Consists of 3,597,431 shares held directly by 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.
F4 The price reported in Column 4 is a weighted average price, rounded to the nearest cent. These shares were purchased in multiple transactions at prices ranging from $1.97 to $2.00, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the SEC, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
F5 Consists of 3,618,925 shares held directly by Long Ball and 1,369,984 shares held directly by ICAM.
F6 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.
F7 Reflects shares directly beneficially owned by Mr. Reese.

Remarks:

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