Matthew A. Drapkin - 08 Jan 2026 Form 4 Insider Report for Great Elm Group, Inc. (GEG)

Reporting relationship: Director
Issuer ticker: GEG
Reported as of: 08 Jan 2026
Net transaction value: $0
SEC form: 4
Accepted by SEC: 12 Jan 2026, 21:11:24 UTC
Prior SEC filing: 07 Jan 2025
Source filing: View source filing
Reporting owner signature: /s/ Adam M. Kleinman, attorney-in-fact

Key filing fact

Matthew A. Drapkin filed Form 4 for Great Elm Group, Inc. (GEG) on 12 Jan 2026.

Key facts

This page summarizes Matthew A. Drapkin's Form 4 filing for Great Elm Group, Inc. (GEG).
3 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 12 Jan 2026, 21:11.

Change

Previous filing in this sequence was filed on 07 Jan 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

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001458693 Primary reporting owner

Drapkin Matthew A

Relationship: Director
Address: C/O NORTHERN RIGHT CAPITAL MANAGEMENT LP, 9 OLD KINGS HWY S, 4TH FLOOR, DARIEN
Signature: /s/ Adam M. Kleinman, attorney-in-fact
Signature date: 12 Jan 2026

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

GEG transaction

Common Stock

Award

Transaction value: $0
Shares: +26,531
Change %: +3.6%
Price: $0.000000
Shares after: 755,280
Date: 08 Jan 2026
Ownership: Direct
Footnotes: F5

GEG transaction

Common Stock

Award

Transaction value: $0
Shares: +61,224
Change %: +8.1%
Price: $0.000000
Shares after: 816,504
Date: 08 Jan 2026
Ownership: Direct
Footnotes: F6

GEG transaction

Common Stock

Award

Transaction value: $0
Shares: +26,531
Change %: +3.2%
Price: $0.000000
Shares after: 843,035
Date: 08 Jan 2026
Ownership: Direct
Footnotes: F7

GEG holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 2,279,478
Date: 08 Jan 2026
Ownership: See Footnote
Footnotes: F1, F3, F4

GEG holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 1,963,690
Date: 08 Jan 2026
Ownership: See Footnote
Footnotes: F2, F3, F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 7 footnotes

Footnote F1

Represents shares of common stock held directly by Northern Right Capital (QP), L.P., a Texas limited partnership ("Northern Right QP").

Footnote 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").

Footnote 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.

Footnote 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.

Footnote F5

The Reporting Person was awarded 26,531 shares of restricted stock of Great Elm Group, Inc. ("GEG"), which vest in equal quarterly installments on the end of each quarter beginning on March 31, 2026 through December 31, 2026, contingent upon continued service as a member of the board of directors of GEG.

Footnote F6

The Reporting Person was awarded 61,224 shares of restricted stock of GEG, which vest in equal quarterly installments on the end of each quarter beginning on March 31, 2026 through December 31, 2026, contingent upon continued service as a member of the board of directors of GEG. These shares were awarded at the Reporting Person's election in lieu of a cash retainer.

Footnote F7

The Reporting Person was awarded 26,531 shares of restricted stock of GEG, which vest in equal quarterly installments on the end of each quarter beginning on March 31, 2026 through December 31, 2026, contingent upon continued service as a member of the board of directors of Great Elm Capital Corp.