PC Elfun LLC - Feb 5, 2025 Form 3 Insider Report for Great Elm Group, Inc. (GEG)

Role
10%+ Owner
Signature
/s/ Daniel J. Hopkins, Authorized Signatory
Stock symbol
GEG
Transactions as of
Feb 5, 2025
Transactions value $
$0
Form type
3
Date filed
2/20/2025, 08:23 PM
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding GEG 5.00% Convertible Senior PIK Notes due 2030 ("Notes") Feb 5, 2025 Common Stock 3.2M Direct F1, F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The maturity date is February 26, 2030.
F2 The reported securities represent common shares issuable upon conversion of Notes acquired by the Reporting Person on February 26, 2020, which became a right to acquire more than 10% of the Issuer's common stock as a result of Issuer stock repurchases and the corresponding decrease in outstanding shares as disclosed in the Issuer's periodic report on Form 10-Q filed on February 5, 2025.
F3 The conversion price is as of any time, $1,000, divided by the conversion rate as of such time.
F4 PC Elfun LLC is managed by Pine Crest Capital LLC, which is jointly owned by Michael Hughes and Daniel J. Hopkins.