Jason Reese - 08 Dec 2022 Form 4 Insider Report for Great Elm Group, Inc. (GEG)

Role
Director, 10%+ Owner
Signature
Jason Reese, By: /s/ Jason Reese
Issuer symbol
GEG
Transactions as of
08 Dec 2022
Transactions value $
$7,120
Form type
4
Filing time
12 Dec 2022, 19:11:27
Previous filing
07 Dec 2022
Next filing
27 Dec 2022
SEC
View on sec.gov

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 $2.3K +1.21K +0.02% $1.90 5.22M 08 Dec 2022 See Footnotes F1, F3, F6
transaction GEG Common Stock Purchase $1.57K +824 +0.02% $1.90 5.22M 09 Dec 2022 See Footnotes F1, F4, F6
transaction GEG Common Stock Purchase $3.26K +1.74K +0.03% $1.87 5.22M 12 Dec 2022 See Footnotes F1, F2, F5, F6
holding GEG Common Stock 565K 08 Dec 2022 Direct 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 $1.85 to $1.90, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission ("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 3,851,454 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 Consists of 3,852,278 shares held directly by Long Ball and 1,369,984 shares held directly by ICAM.
F5 Consists of 3,854,021 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.