Matthew A. Drapkin - May 18, 2023 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
May 18, 2023
Transactions value $
$592,302
Form type
4
Date filed
5/22/2023, 09:21 PM
Previous filing
Apr 5, 2023
Next filing
May 31, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GEG Common Stock Purchase $84.5K +42.9K +2.36% $1.97 1.86M May 18, 2023 See Footnote F1, F3, F4
transaction GEG Common Stock Purchase $14K +7.11K +0.39% $1.97 1.84M May 18, 2023 See Footnote F2, F3, F4
transaction GEG Common Stock Purchase $419K +209K +11.27% $2.00 2.07M May 19, 2023 See Footnote F1, F3, F4
transaction GEG Common Stock Purchase $69.5K +34.7K +1.88% $2.00 1.88M May 19, 2023 See Footnote F2, F3, F4
transaction GEG Common Stock Purchase $4.61K +2.24K +0.11% $2.06 2.07M May 22, 2023 See Footnote F1, F3, F4
transaction GEG Common Stock Purchase $766 +372 +0.02% $2.06 1.88M May 22, 2023 See Footnote F2, F3, F4
holding GEG Common Stock 425K May 18, 2023 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 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.