Jason Reese - Sep 20, 2022 Form 4 Insider Report for Great Elm Group, Inc. (GEG)

Role
Director, 10%+ Owner
Signature
Jason Reese, By: /s/ Jason Reese
Stock symbol
GEG
Transactions as of
Sep 20, 2022
Transactions value $
$12,482
Form type
4
Date filed
9/22/2022, 05:42 PM
Previous filing
Sep 12, 2022
Next filing
Sep 27, 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") Award $0 +160K +39.45% $0.00 565K Sep 20, 2022 Direct F1, F2, F5
transaction GEG Common Stock Purchase $12.5K +6.09K +0.13% $2.05 4.82M Sep 21, 2022 See Footnote F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On September 20, 2022, Jason Reese was awarded 159,817 restricted stock units, 25% of which vested on the date of grant, and 25% of the units will vest on each of the next three anniversaries thereof.
F2 Reflects shares directly beneficially owned by Mr. Reese.
F3 This purchase was effected pursuant to a Rule 10b5-1 Trading Plan established by Long Ball Partners, LLC ("Long Ball") on June 15, 2022.
F4 Consists of 3,452,488 shares held directly by Long Ball and 1,369,984 shares held directly by Imperial Capital Asset Management, LLC ("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.
F5 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.

Remarks:

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