Great Elm Group, Inc. — Director's Dealing 2022

Nov 9, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Great Elm Group, Inc. (GEG)
CIK: 0001831096
Period of Report: 2022-11-04

Reporting Person: Drapkin Matthew A (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-11-04	Common Stock	P	3642	$1.9962	Acquired	1583737	Indirect
2022-11-04	Common Stock	P	1181	$1.9962	Acquired	146083	Indirect
2022-11-04	Common Stock	P	756	$1.9962	Acquired	1820717	Indirect
2022-11-07	Common Stock	P	818	$1.9932	Acquired	1584555	Indirect
2022-11-07	Common Stock	P	265	$1.9932	Acquired	146348	Indirect
2022-11-07	Common Stock	P	170	$1.9932	Acquired	1820887	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	276711	Direct

Footnotes

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.