Matthew A. Drapkin - 08 Jan 2026 Form 4 Insider Report for Great Elm Group, Inc. (GEG)

Role
Director
Signature
/s/ Adam M. Kleinman, attorney-in-fact
Issuer symbol
GEG
Transactions as of
08 Jan 2026
Net transactions value
$0
Form type
4
Filing time
12 Jan 2026, 21:11:24 UTC
Previous filing
07 Jan 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Drapkin Matthew A Director C/O NORTHERN RIGHT CAPITAL MANAGEMENT LP, 9 OLD KINGS HWY S, 4TH FLOOR, DARIEN /s/ Adam M. Kleinman, attorney-in-fact 12 Jan 2026 0001458693

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GEG Common Stock Award $0 +26,531 +3.6% $0.000000 755,280 08 Jan 2026 Direct F5
transaction GEG Common Stock Award $0 +61,224 +8.1% $0.000000 816,504 08 Jan 2026 Direct F6
transaction GEG Common Stock Award $0 +26,531 +3.2% $0.000000 843,035 08 Jan 2026 Direct F7
holding GEG Common Stock 2,279,478 08 Jan 2026 See Footnote F1, F3, F4
holding GEG Common Stock 1,963,690 08 Jan 2026 See Footnote F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of common stock held directly by Northern Right Capital (QP), L.P., a Texas limited partnership ("Northern Right QP").
F2 Represents shares of common stock purchased by managed accounts (the "Managed Accounts") on behalf of certain investment advisory clients of Northern Right Capital Management, L.P. ("Northern Right Management").
F3 As general partner and investment manager of Northern Right QP, Northern Right Capital Management, L.P. ("Northern Right Management") may be deemed to be the beneficial owner of the shares of common stock held by Northern Right QP. As the investment manager of the Managed Accounts, Northern Right Management may also be deemed to be the beneficial owner of the shares of common stock held by the Managed Accounts. As general partner of Northern Right Management, BC Advisors, LLC, a Texas limited liability company ("BCA"), may be deemed to be the beneficial owner of the shares of common stock beneficially owned (or deemed beneficially owned) by Northern Right Management. As the managing member of BCA, the Reporting Person may be deemed to be the beneficial owner of the shares of common stock beneficially owned (or deemed beneficially owned) by BCA.
F4 (continued from footnote 3) The Reporting Person disclaims such beneficial ownership of the shares of common stock indirectly owned through his position with BCA, except to the extent of his pecuniary interest therein.
F5 The Reporting Person was awarded 26,531 shares of restricted stock of Great Elm Group, Inc. ("GEG"), which vest in equal quarterly installments on the end of each quarter beginning on March 31, 2026 through December 31, 2026, contingent upon continued service as a member of the board of directors of GEG.
F6 The Reporting Person was awarded 61,224 shares of restricted stock of GEG, which vest in equal quarterly installments on the end of each quarter beginning on March 31, 2026 through December 31, 2026, contingent upon continued service as a member of the board of directors of GEG. These shares were awarded at the Reporting Person's election in lieu of a cash retainer.
F7 The Reporting Person was awarded 26,531 shares of restricted stock of GEG, which vest in equal quarterly installments on the end of each quarter beginning on March 31, 2026 through December 31, 2026, contingent upon continued service as a member of the board of directors of Great Elm Capital Corp.