Keri Davis - 20 Sep 2023 Form 4 Insider Report for Great Elm Capital Corp. (GECC)

Role: CFO
Signature: /s/ Adam M. Kleinman, attorney-in-fact
Issuer symbol: GECC
Transactions as of: 20 Sep 2023
Transactions value $: $0
Form type: 4
Filing time: 22 Sep 2023, 21:02:58 UTC
Previous filing: 22 May 2023
Next filing: 27 Sep 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GECC	Common Stock	Other	$0	+5,585	+61.82%	$0	14,619	20 Sep 2023	Direct	F1
transaction	GECC	Common Stock	Other	$0	+196	+1.34%	$0	14,815	20 Sep 2023	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Ms. Davis is the CFO of Great Elm Capital Management, Inc. ("GECM"), the external investment manager of Great Elm Capital Corp. ("GECC"). Ms. Davis received an award of 5,585 shares of common stock of GECC as equity compensation for her position at GECM, 1,396 of which vested on the grant date, September 20, 2023, and the remainder of which will vest in equal annual installments on each anniversary of the grant date until September 20, 2026, subject to continued service with GECM.
F2	Represents shares of common stock of GECC acquired as a result of a stock dividend associated with the portion of the equity compensation awarded to Ms. Davis on September 20, 2022 that vested on the one-year anniversary of that date.

Content

Ms. Davis is the CFO of Great Elm Capital Management, Inc. ("GECM"), the external investment manager of Great Elm Capital Corp. ("GECC"). Ms. Davis received an award of 5,585 shares of common stock of GECC as equity compensation for her position at GECM, 1,396 of which vested on the grant date, September 20, 2023, and the remainder of which will vest in equal annual installments on each anniversary of the grant date until September 20, 2026, subject to continued service with GECM.

Represents shares of common stock of GECC acquired as a result of a stock dividend associated with the portion of the equity compensation awarded to Ms. Davis on September 20, 2022 that vested on the one-year anniversary of that date.