Mark Kuperschmid - 15 Jun 2022 Form 4 Insider Report for Great Elm Capital Corp. (GECC)

Role: Director
Signature: /s/ Adam M. Kleinman, attorney-in-fact
Issuer symbol: GECC
Transactions as of: 15 Jun 2022
Net transactions value: +$74,825
Form type: 4
Filing time: 17 Jun 2022, 16:53:07 UTC
Next filing: 16 May 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GECC	Common Stock	Options Exercise	$74,825	+5,986	+100%	$12.50	11,972	15 Jun 2022	By Benmark Investments LLC	F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	GECC	Subscription Rights	Options Exercise	$0	-5,986	-100%	$0.000000^*	0	15 Jun 2022	Common Stock	5,986	$12.50	By Benmark Investments LLC

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

Explanation of Responses:

Id	Content
F1	On June 15, 2022, the Reporting Person exercised in full his primary subscription rights (each 1 subscription right entitling him to purchase 1 share of Common Stock), which were issued to holders of Common Stock on the May 23, 2022 record date for the rights offering.
F2	The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of any of the reported shares for purposes of Section 16 or for any other purpose.