Jason Reese - Nov 21, 2023 Form 4 Insider Report for Great Elm Group, Inc. (GEG)

Role
Mr. Reese is a Chairman and Chief Executive Officer of the Issuer., Director, 10%+ Owner
Signature
Jason Reese By: /s/ Jason Reese
Stock symbol
GEG
Transactions as of
Nov 21, 2023
Transactions value $
$78,262
Form type
4
Date filed
11/24/2023, 06:27 PM
Previous filing
Sep 27, 2023
Next filing
Nov 30, 2023

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 $190 +100 +0% $1.90 6.04M Nov 21, 2023 See Footnotes F1, F2, F3
transaction GEG Common Stock Purchase $72.8K +36.2K +0.6% $2.01 6.07M Nov 22, 2023 See Footnotes F3, F4, F5
transaction GEG Common Stock Purchase $5.24K +2.56K +0.04% $2.05 6.08M Nov 24, 2023 See Footnotes F3, F6, F7
holding GEG Common Stock 863K Nov 21, 2023 Direct F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 20 shares acquired on July 22, 2022 which were inadvertently omitted from the Form 4 filed with the Securities and Exchange Commission (the "SEC") on July 26, 2022, and in subsequent filings.
F2 Consists of 4,668,223 shares held directly by Long Ball Partners, LLC ("Long Ball"), 909,084 shares held directly by Imperial Capital Asset Management, LLC ("ICAM"), and 460,900 shares held directly by Imperial Capital Group Holdings II, LLC ("ICGH2"). 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. Mr. Reese is one of the owners of Imperial Capital Group Holdings, LLC, which is the managing member of ICGH2. Mr. Reese has voting and dispositive power over the shares of Common Stock held directly by each of Long Ball, ICAM and ICGH2.
F3 Each of Mr. Reese, ICAM, Long Ball and ICGH2 disclaims beneficial ownership of the securities reported herein, except to the extent of that person's pecuniary interest.
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 $1.94 to $2.05, 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 4,704,456 shares held directly by Long Ball, 909,084 shares held directly by ICAM, and 460,900 shares held directly by ICGH2.
F6 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 $1.99 to $2.05, 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.
F7 Consists of 4,707,014 shares held directly by Long Ball, 909,084 shares held directly by ICAM, and 460,900 shares held directly by ICGH2.
F8 Reflects shares directly beneficially owned by Mr. Reese.

Remarks:

Mr. Reese is a Chairman and Chief Executive Officer of the Issuer.