Matthew A. Drapkin - Jul 18, 2022 Form 4 Insider Report for Great Elm Group, Inc. (GEG)

Role
Director, 10%+ Owner
Signature
/s/ Adam M. Kleinman, attorney-in-fact
Stock symbol
GEG
Transactions as of
Jul 18, 2022
Transactions value $
$13,816
Form type
4
Date filed
7/20/2022, 08:16 PM
Previous filing
Jun 17, 2022
Next filing
Jul 26, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GEG Common Stock Purchase $2.17K +1.09K +0.08% $2.00 1.45M Jul 18, 2022 See Footnote F1, F4, F5, F6, F7
transaction GEG Common Stock Purchase $689 +345 +0.34% $2.00 102K Jul 18, 2022 See Footnote F2, F4, F5, F6, F7
transaction GEG Common Stock Purchase $3.7K +1.85K +0.11% $2.00 1.65M Jul 18, 2022 See Footnote F3, F4, F5, F6, F7
transaction GEG Common Stock Purchase $2.39K +1.2K +0.08% $1.98 1.45M Jul 20, 2022 See Footnote F1, F4, F5, F6, F7
transaction GEG Common Stock Purchase $770 +388 +0.38% $1.98 103K Jul 20, 2022 See Footnote F2, F4, F5, F6, F7
transaction GEG Common Stock Purchase $4.1K +2.07K +0.13% $1.98 1.65M Jul 20, 2022 See Footnote F3, F4, F5, F6, F7
holding GEG Common Stock 277K Jul 18, 2022 Direct
* 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 held directly by NRC Partners I, L.P. ("NRC Partners").
F3 Represents shares of common stock purchased managed accounts (the "Managed Accounts") on behalf of certain investment advisory clients of Northern Right Capital Management, L.P. ("Northern Right Management").
F4 As general partner and investment manager of NRC Partners and 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 NRC Partners and 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.
F5 (continued from footnote 4) 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.
F6 As a result of a ministerial error made by the broker for the Reporting Person, in the Form 4 filed by the Reporting Person on June 13, 2022 (the "June 13 Form 4") to report shares of common stock of GEG acquired by the Reporting Person on June 9, 2022, the amount of securities acquired and the amount of securities directly and indirectly beneficially owned following the reported transaction were incorrectly reported as 237,637 and 3,092,921, respectively. The correct amount of securities acquired and the correct amount of securities directly and indirectly beneficially owned following the reported transaction reported in the June 13 Form 4 should have been 237,367 and 3,092,651, respectively.
F7 (continued from footnote 6) The broker's error was corrected in the Form 4 filed by the Reporting Person on June 16, 2022, wherein the amount of securities directly and indirectly beneficially owned following the reported transactions reflects the correct number of shares of common stock of GEG beneficially owned by the Reporting Person as of the date thereof. The amounts reported in this Form 4 also reflect the correction to the broker's error and are accurate as of the date hereof.