Great Elm Group, Inc. — Director's Dealing 2021

Jul 2, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Great Elm Group, Inc. (GEG)
CIK: 0001831096
Period of Report: 2021-06-30

Reporting Person: Reese Jason W. (Director, 10% Owner)
Reporting Person: Imperial Capital Asset Management, LLC (10% Owner)
Reporting Person: LONG BALL PARTNERS LLC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-06-30	Common stock, par value $0.01 per share ("Common Stock")	A	19444	$0.00	Acquired	147059	Direct
2021-07-01	Common Stock	A	36920	$0.00	Acquired	183979	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2657998	Indirect

Footnotes

F1: On June 30, 2021, Jason Reese was awarded 19,444 restricted stock units, 100% of which vested on the date of grant.

F2: On July 1, 2021, Jason Reese was awarded 36,920 restricted stock units, 50% of which will vest on September 30, 2021, and the remainder of the units will vest on December 31, 2021.

F3: This Common Stock is held directly by Long Ball Partners, LLC ("Long Ball"). Mr. Reese is Portfolio manager to Long Ball and is Chairman and Chief Executive Officer of Imperial Capital Asset Management, LLC ("ICAM"), which is the managing member of and investment manager to Long Ball. Each of Mr. Reese and ICAM disclaims beneficial ownership of the securities held by Long Ball except to the extent of that person's pecuniary interest therein. Each of Long Ball and ICAM disclaims beneficial ownership of the securities held directly by Mr. Reese.