Jason Reese - 04 May 2022 Form 4 Insider Report for Great Elm Group, Inc. (GEG)

Role
Director, 10%+ Owner
Signature
Jason Reese, By: /s/ Jason Reese
Issuer symbol
GEG
Transactions as of
04 May 2022
Transactions value $
$2,479,671
Form type
4
Filing time
06 May 2022, 17:54:23 UTC
Previous filing
05 Jan 2022
Next filing
16 May 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GEG Common stock, par value $0.01 per share ("Common Stock") Purchase $2.48M +1.37M +51.54% $1.81 4.03M 04 May 2022 See Footnotes F1, F2, F3
holding GEG Common Stock 405K 04 May 2022 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Price determined pursuant to the terms of an Asset Purchase Agreement (the "Agreement") between the Issuer and Imperial Capital Asset Management, LLC ("ICAM"), dated May 4, 2022.
F2 Consists of 2,657,998 shares held directly by Long Ball Partners, LLC ("Long Ball") and 1,369,984 shares held directly by ICAM. Mr. Reese is portfolio manager to Long Ball and is Chairman and Chief Executive Officer of ICAM, which is the managing member of and investment manager to Long Ball.
F3 Each of Mr. Reese, ICAM and Long Ball disclaims beneficial ownership of the securities reported herein, except to the extent of that person's pecuniary interest.
F4 Consists of shares held directly by Mr. Reese.

Remarks:

Mr. Reese is a director and Executive Chairman of the Issuer.