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Filing Details

Accession Number:: 0000899243-22-026428
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2022-07-20 21:47:38
Reporting Period:: 2022-07-18

Accepted Time:: 2022-07-20 21:47:38
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1831096	Great Elm Group Inc.	GEG	()	TX

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1346543	Northern Right Capital Management, L.p.	9 Old Kings Hwy. S. Darien CT 06820	No	No	Yes	Yes
1349003	Bc Advisors Llc	C/O Northern Right Capital Management, L.p., 9 Old Kings Hwy S., 4Th Floor Darien CT 06820	No	No	Yes	No
1451722	Northern Right Capital (Qp), L.p.	C/O Northern Right Capital Management, L.p., 9 Old Kings Hwy S., 4Th Floor Darien CT 06820	No	No	Yes	No
1763594	Nrc Partners I, Lp	C/O Northern Right Capital Management, L.p., 9 Old Kings Hwy S., 4Th Floor Darien CT 06820	No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2022-07-18	3,282	$2.00	3,197,317	No	4	P	Indirect	See Footnote
Common Stock	Acquisiton	2022-07-20	3,658	$1.98	3,200,975	No	4	P	Indirect	See Footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	See Footnote
No	4	P	Indirect	See Footnote

Footnotes

Represents 1,087 shares of common stock of Great Elm Group, Inc. ("GEG") purchased by Northern Right Capital (QP), L.P. ("Northern Right QP"), 345 shares of common stock of GEG purchased by NRC Partners I, LP ("NRC Partners I") and 1,850 shares of common stock of GEG purchased by managed accounts (the "Managed Accounts") on behalf of investment advisory clients of Northern Right Capital Management, L.P. ("Northern Right Management"). Northern Right Management acts as the investment manager for the Managed Accounts.
Represents shares of common stock acquired in a transaction pursuant to the Rule 10b5-1 trading plan entered into by the Reporting Persons on June 16, 2022.
Represents 1,203 shares of common stock of GEG purchased by Northern Right QP, 388 shares of common stock of GEG purchased by NRC Partners I and 2,067 shares of common stock of GEG purchased by the Managed Accounts on behalf of investment advisory clients of Northern Right Management. Northern Right Management acts as the investment manager for the Managed Accounts.
As a result of a ministerial error made by the broker for the Reporting Persons, in the Form 4 filed by the Reporting Persons on June 13, 2022 (the "June 13 Form 4") to report shares of common stock of GEG acquired by the Reporting Persons on June 9, 2022, the amount of securities acquired and the amount of securities beneficially owned following the reported transaction were incorrectly reported as 237,637 and 3,092,921, respectively. The correct amount of securities acquired and the correct amount of securities beneficially owned following the reported transaction reported in the June 13 Form 4 should have been 237,367 and 3,092,651, respectively. The broker's error was corrected in the Form 4 filed by the Reporting Persons on June 16, 2022, wherein the amount of securities beneficially owned following the reported transactions reflects the correct number of shares of common stock of GEG beneficially owned by the Reporting Persons as of the date thereof.
(Continued Footnote 4) The amounts reported in this Form 4 also reflect the correction to the broker's error and are accurate as of the date hereof.
Northern Right QP beneficially owns and has the power to vote or to direct the vote of 1,449,673 shares of common stock of GEG. NRC Partners I beneficially owns and has the power to vote or to direct the vote of 102,582 shares of common stock of GEG. The Managed Accounts, on behalf of certain investment advisory clients of Northern Right Management, beneficially own 1,648,720 shares of common stock of GEG.
As general partner and investment manager of NRC Partners I and Northern Right QP, Northern Right Management may be deemed to be the beneficial owner of the securities held by NRC Partners I 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 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. 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
(Continued Footnote 7) Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.