Northern Right Capital Management, L.P. - Oct 26, 2022 Form 4 Insider Report for Great Elm Group, Inc. (GEG)

Role
Member of 13D 10% Group, 10%+ Owner
Signature
Northern Right Capital Management, L.P. By: BC Advisors, LLC, its general partner, By: /s/ Adam Cina, attorney-in-fact for authorized signatory
Stock symbol
GEG
Transactions as of
Oct 26, 2022
Transactions value $
$23,122
Form type
4
Date filed
10/28/2022, 08:31 PM
Previous filing
Oct 25, 2022
Next filing
Nov 8, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GEG Common Stock Purchase $6.32K +3.17K +0.09% $1.99 3.54M Oct 26, 2022 See Footnote F1, F2, F5, F6, F7
transaction GEG Common Stock Purchase $7.89K +3.96K +0.11% $1.99 3.54M Oct 27, 2022 See Footnote F2, F3, F5, F6, F7
transaction GEG Common Stock Purchase $8.92K +4.47K +0.13% $2.00 3.54M Oct 28, 2022 See Footnote F2, F4, F5, F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents 2,062 shares of common stock of Great Elm Group, Inc. ("GEG") purchased by Northern Right Capital (QP), L.P. ("Northern Right QP"), 675 shares of common stock of GEG purchased by NRC Partners I, LP ("NRC Partners I") and 431 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.
F2 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.
F3 Represents 2,582 shares of common stock of GEG purchased by Northern Right QP, 843 shares of common stock of GEG purchased by NRC Partners I and 539 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.
F4 Represents 2,904 shares of common stock of GEG purchased by Northern Right QP, 951 shares of common stock of GEG purchased by NRC Partners I and 613 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.
F5 Northern Right QP beneficially owns and has the power to vote or to direct the vote of 1,580,095 shares of common stock of GEG. NRC Partners I beneficially owns and has the power to vote or to direct the vote of 144,902 shares of common stock of GEG. The Managed Accounts, on behalf of certain investment advisory clients of Northern Right Management, beneficially own 1,819,961 shares of common stock of GEG.
F6 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.
F7 (Continued from footnote 6) 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 Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

Remarks:

The Reporting Persons are jointly filing this Form 4.