Northern Right Capital Management, L.P. - Mar 1, 2023 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
Mar 1, 2023
Transactions value $
$103,732
Form type
4
Date filed
3/13/2023, 08:48 PM
Previous filing
Feb 27, 2023
Next filing
Mar 20, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GEG Common Stock Other $0 +152K +4.44% $0.00 3.58M Mar 1, 2023 See Footnote F1, F4, F5, F6
transaction GEG Common Stock Purchase $66.1K +28.6K +0.8% $2.31 3.61M Mar 9, 2023 See Footnote F2, F4, F5, F6
transaction GEG Common Stock Purchase $37.6K +16.8K +0.47% $2.24 3.63M Mar 10, 2023 See Footnote F3, F4, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Northern Right Capital Management, L.P. ("Northern Right Management") is the general partner and investment manager of NRC Partners I, LP ("NRC Partners I") and Northern Right Capital (QP), L.P. ("Northern Right QP"), and Northern Right QP acquired 152,315 shares of common stock of Great Elm Group, Inc. ("GEG") for no consideration upon a distribution by NRC Partners I.
F2 Represents 24,564 shares of common stock of GEG purchased by Northern Right QP and 4,049 shares of common stock of GEG purchased by managed accounts (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.
F3 Represents 14,437 shares of common stock of GEG purchased by Northern Right QP and 2,379 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 Northern Right QP beneficially owns and has the power to vote or to direct the vote of 1,794,232 shares of common stock of GEG. The Managed Accounts, on behalf of certain investment advisory clients of Northern Right Management, beneficially own 1,831,325 shares of common stock of GEG.
F5 As general partner and investment manager of Northern Right QP, Northern Right Management may be deemed to be the beneficial owner of the securities held by 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.
F6 (Continued from Footnote 5) 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.