Key facts
- This page summarizes Northern Right Capital Management, L.P.'s Form 4 filing for Great Elm Group, Inc. (GEG).
- 4 reported transactions and 10 derivative rows are listed below.
- Accepted by SEC: 14 Jul 2026, 16:15.
Northern Right Capital Management, L.P. - 10 Jul 2026 Form 4 Insider Report for Great Elm Group, Inc. (GEG)
- Reporting relationship
- Member of 13D 10% Group, 10%+ Owner
- Issuer ticker
- GEG
- Reported as of
- 10 Jul 2026
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 14 Jul 2026, 16:15:16 UTC
- Prior SEC filing
- 16 Jul 2025
- Source filing
- View source filing
- Reporting owner signature
- Northern Right Capital Management, L.P., By: BC Advisors, LLC, its general partner, By: /s/ Richard Billig, attorney-in-fact for authorized signatory
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Northern Right Capital Management, L.P. filed Form 4 for Great Elm Group, Inc. (GEG) on 14 Jul 2026.
Change
- Previous filing in this sequence was filed on 16 Jul 2025.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reporting Owners (5)
CIK 0001346543
Primary reporting owner
Northern Right Capital Management, L.P.
- Relationship
- Member of 13D 10% Group, 10%+ Owner
- Address
- 9 OLD KINGS HWY. S., 4TH FLOOR, DARIEN
- Signature
- Northern Right Capital Management, L.P., By: BC Advisors, LLC, its general partner, By: /s/ Richard Billig, attorney-in-fact for authorized signatory
- Signature date
- 14 Jul 2026
CIK 0001451722
Northern Right Capital (QP), L.P.
- Relationship
- 10%+ Owner
- Address
- 9 OLD KINGS HWY. S., 4TH FLOOR, DARIEN
- Signature
- Northern Right Capital (QP), L.P. By: Northern Right Capital Management, L.P., its general partner By: BC Advisors, LLC, its general partner By: /s/ Richard Billig, attorney-in-fact for authorized signatory
- Signature date
- 14 Jul 2026
CIK 0002052537
Northern Right Long Only Master Fund LP
- Relationship
- 10%+ Owner
- Address
- 9 OLD KINGS HWY. S., 4TH FLOOR, DARIEN
- Signature
- Northern Right Long Only Master Fund LP, By: Northern Right Fund GP LLC, its general partner, By: /s/ Richard Billig, attorney-in-fact for authorized signatory
- Signature date
- 14 Jul 2026
CIK 0002053060
Northern Right Fund GP LLC
- Relationship
- 10%+ Owner
- Address
- 9 OLD KINGS HWY. S., 4TH FLOOR, DARIEN
- Signature
- Northern Right Fund GP LLC, By: /s/ Richard Billig, attorney-in-fact for authorized signatory
- Signature date
- 14 Jul 2026
CIK 0001349003
BC Advisors LLC
- Relationship
- 10%+ Owner
- Address
- 9 OLD KINGS HWY. S., 4TH FLOOR, DARIEN
- Signature
- BC Advisors, LLC By: /s/ Richard Billig, attorney-in-fact for authorized signatory
- Signature date
- 14 Jul 2026
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
GEG
transaction
Common Stock
Other
- Transaction value
- Shares
- -7,887
- Change %
- -0.19%
- Price
- $2.18*
- Shares after
- 4,243,168
- Date
- 10 Jul 2026
- Ownership
- See Footnote
- Footnotes
- F1, F2, F3, F4
GEG
transaction
Common Stock
Other
- Transaction value
- Shares
- -7,887
- Change %
- -0.19%
- Price
- $2.18*
- Shares after
- 4,243,168
- Date
- 10 Jul 2026
- Ownership
- See Footnote
- Footnotes
- F1, F2, F3, F4
GEG
transaction
Common Stock
Other
- Transaction value
- Shares
- -7,887
- Change %
- -0.19%
- Price
- $2.18*
- Shares after
- 4,243,168
- Date
- 10 Jul 2026
- Ownership
- See Footnote
- Footnotes
- F1, F2, F3, F4
GEG
transaction
Common Stock
Other
- Transaction value
- Shares
- -7,887
- Change %
- -0.19%
- Price
- $2.18*
- Shares after
- 4,243,168
- Date
- 10 Jul 2026
- Ownership
- See Footnote
- Footnotes
- F1, F2, F3, F4
GEG
transaction
Common Stock
Other
- Transaction value
- Shares
- -7,887
- Change %
- -0.19%
- Price
- $2.18*
- Shares after
- 4,243,168
- Date
- 10 Jul 2026
- Ownership
- See Footnote
- Footnotes
- F1, F2, F3, F4
GEG
transaction
Common Stock
Other
- Transaction value
- Shares
- +7,887
- Change %
- +0.19%
- Price
- $2.18*
- Shares after
- 4,243,168
- Date
- 10 Jul 2026
- Ownership
- See Footnote
- Footnotes
- F1, F2, F3, F4
GEG
transaction
Common Stock
Other
- Transaction value
- Shares
- +7,887
- Change %
- +0.19%
- Price
- $2.18*
- Shares after
- 4,243,168
- Date
- 10 Jul 2026
- Ownership
- See Footnote
- Footnotes
- F1, F2, F3, F4
GEG
transaction
Common Stock
Other
- Transaction value
- Shares
- +7,887
- Change %
- +0.19%
- Price
- $2.18*
- Shares after
- 4,243,168
- Date
- 10 Jul 2026
- Ownership
- See Footnote
- Footnotes
- F1, F2, F3, F4
GEG
transaction
Common Stock
Other
- Transaction value
- Shares
- +7,887
- Change %
- +0.19%
- Price
- $2.18*
- Shares after
- 4,243,168
- Date
- 10 Jul 2026
- Ownership
- See Footnote
- Footnotes
- F1, F2, F3, F4
GEG
transaction
Common Stock
Other
- Transaction value
- Shares
- +7,887
- Change %
- +0.19%
- Price
- $2.18*
- Shares after
- 4,243,168
- Date
- 10 Jul 2026
- Ownership
- See Footnote
- Footnotes
- F1, F2, F3, F4
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
GEG
transaction
Derivative
5.0% Convertible Senior PIK Note due 2030
Other
- Transaction value
- Shares
- Change %
- Price
- Shares after
- $7,866,354
- Date
- 10 Jul 2026
- Ownership
- See Footnote
- Underlying class
- Common Stock
- Underlying amount
- 3,769
- Exercise price
- $3.47
- Footnotes
- F2, F3, F4, F5, F6
GEG
transaction
Derivative
5.0% Convertible Senior PIK Note due 2030
Other
- Transaction value
- Shares
- Change %
- Price
- Shares after
- $7,866,354
- Date
- 10 Jul 2026
- Ownership
- See Footnote
- Underlying class
- Common Stock
- Underlying amount
- 3,769
- Exercise price
- $3.47
- Footnotes
- F2, F3, F4, F5, F6
GEG
transaction
Derivative
5.0% Convertible Senior PIK Note due 2030
Other
- Transaction value
- Shares
- Change %
- Price
- Shares after
- $7,866,354
- Date
- 10 Jul 2026
- Ownership
- See Footnote
- Underlying class
- Common Stock
- Underlying amount
- 3,769
- Exercise price
- $3.47
- Footnotes
- F2, F3, F4, F5, F6
GEG
transaction
Derivative
5.0% Convertible Senior PIK Note due 2030
Other
- Transaction value
- Shares
- Change %
- Price
- Shares after
- $7,866,354
- Date
- 10 Jul 2026
- Ownership
- See Footnote
- Underlying class
- Common Stock
- Underlying amount
- 3,769
- Exercise price
- $3.47
- Footnotes
- F2, F3, F4, F5, F6
GEG
transaction
Derivative
5.0% Convertible Senior PIK Note due 2030
Other
- Transaction value
- Shares
- Change %
- Price
- Shares after
- $7,866,354
- Date
- 10 Jul 2026
- Ownership
- See Footnote
- Underlying class
- Common Stock
- Underlying amount
- 3,769
- Exercise price
- $3.47
- Footnotes
- F2, F3, F4, F5, F6
GEG
transaction
Derivative
5.0% Convertible Senior PIK Note due 2030
Other
- Transaction value
- Shares
- Change %
- Price
- Shares after
- $7,866,354
- Date
- 10 Jul 2026
- Ownership
- See Footnote
- Underlying class
- Common Stock
- Underlying amount
- 3,769
- Exercise price
- $3.47
- Footnotes
- F2, F3, F4, F5, F6
GEG
transaction
Derivative
5.0% Convertible Senior PIK Note due 2030
Other
- Transaction value
- Shares
- Change %
- Price
- Shares after
- $7,866,354
- Date
- 10 Jul 2026
- Ownership
- See Footnote
- Underlying class
- Common Stock
- Underlying amount
- 3,769
- Exercise price
- $3.47
- Footnotes
- F2, F3, F4, F5, F6
GEG
transaction
Derivative
5.0% Convertible Senior PIK Note due 2030
Other
- Transaction value
- Shares
- Change %
- Price
- Shares after
- $7,866,354
- Date
- 10 Jul 2026
- Ownership
- See Footnote
- Underlying class
- Common Stock
- Underlying amount
- 3,769
- Exercise price
- $3.47
- Footnotes
- F2, F3, F4, F5, F6
GEG
transaction
Derivative
5.0% Convertible Senior PIK Note due 2030
Other
- Transaction value
- Shares
- Change %
- Price
- Shares after
- $7,866,354
- Date
- 10 Jul 2026
- Ownership
- See Footnote
- Underlying class
- Common Stock
- Underlying amount
- 3,769
- Exercise price
- $3.47
- Footnotes
- F2, F3, F4, F5, F6
GEG
transaction
Derivative
5.0% Convertible Senior PIK Note due 2030
Other
- Transaction value
- Shares
- Change %
- Price
- Shares after
- $7,866,354
- Date
- 10 Jul 2026
- Ownership
- See Footnote
- Underlying class
- Common Stock
- Underlying amount
- 3,769
- Exercise price
- $3.47
- Footnotes
- F2, F3, F4, F5, F6
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 6 footnotes
Footnote F1
Represents a rebalancing transaction by Northern Right Management (as defined herein) whereby Northern Right Capital (QP), L.P. ("Northern Right QP") transferred 7,887 shares of the Issuer's common stock, par value $0.001 per share ("Common Stock"), to Northern Right Long Only Master Fund LP ("NRC LO").
Footnote F2
Northern Right QP beneficially owns and has the power to vote or to direct the vote of 1,654,444 shares of Common Stock. NRC LO beneficially owns and has the power to vote or to direct the vote of 625,034 shares of Common Stock. Managed accounts (the "Managed Accounts"), on behalf of certain investment advisory clients of Northern Right Capital Management, L.P. ("Northern Right Management"), beneficially own 1,963,690 shares of Common Stock.
Footnote F3
As general partner and investment manager of Northern Right QP, Northern Right Management may be deemed to be the beneficial owner of the securities held by Northern Right QP. As general partner of NRC LO, Northern Right Fund GP LLC ("NRC Fund GP") may be deemed to be the beneficial owner of the securities held by NRC LO. As investment manager of NRC LO, Northern Right Management may be deemed to be the beneficial owner of the securities held by NRC LO. As the investment manager of the Managed Accounts, Northern Right Management may also be deemed to be the beneficial owner of the securities held by such accounts. As the general partner of Northern Right Management, BC Advisors, LLC may be deemed to be the beneficial owner of the securities beneficially owned (or deemed beneficially owned) by Northern Right Management.
Footnote F4
Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein that may be beneficially owned by any of the other Reporting Persons, in each case, except to the extent of any pecuniary interest therein, and this report shall not be deemed an admission that any such entity or person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
Footnote F5
Represents a rebalancing transaction by Northern Right Management whereby Northern Right QP transferred an aggregate principal amount of $13,087 of 5.0% Convertible Senior PIK Notes due 2030 (the "Notes") constituting a conversionary interest, subject to adjustment as provided in the Notes, in 13,087 shares of Common Stock to NRC LO.
Footnote F6
On July 10, 2026, Northern Right QP, NRC LO, and Matthew A. Drapkin entered into a letter agreement (the "Forbearance Agreement") with the Issuer, pursuant to which Northern Right QP, NRC LO, and Matt A. Drapkin, irrevocably agreed to forbear from exercising its rights to convert the Notes (and any additional Notes issued pursuant to the Notes) into Common Stock until July 15, 2027.
SEC remarks
The Reporting Persons are jointly filing this Form 4.