Northern Right Capital Management, L.P. - May 31, 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/ Matthew A. Drapkin, Matthew A. Drapkin, Authorized Signatory
Stock symbol
GEG
Transactions as of
May 31, 2022
Transactions value $
$98,575
Form type
4
Date filed
6/2/2022, 08:17 PM
Previous filing
May 25, 2022
Next filing
Jun 13, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GEG Common Stock Purchase $24.2K +10.5K +0.37% $2.31 2.82M May 31, 2022 See Footnote F1, F4, F5, F6
transaction GEG Common Stock Purchase $59.2K +24.9K +0.88% $2.38 2.85M Jun 1, 2022 See Footnote F2, F4, F5, F6
transaction GEG Common Stock Purchase $15.1K +6.29K +0.22% $2.41 2.86M Jun 2, 2022 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 Represents 3,403 shares of common stock of Great Elm Group, Inc. ("GEG") purchased by Northern Right Capital (QP), L.P. ("Northern Right QP"), 1,143 shares of common stock of GEG purchased by NRC Partners I, L.P. ("NRC Partners") and 5,938 shares of common stock of GEG purchased by managed accounts (the "Accounts") on behalf of an investment advisory client of Northern Right Capital Management, L.P. ("Northern Right Management"). Northern Right Management acts as investment manager for the Accounts.
F2 Represents 8,098 shares of common stock of Great Elm Group, Inc. ("GEG") purchased by Northern Right Capital (QP), L.P. ("Northern Right QP"), 2,718 shares of common stock of GEG purchased by NRC Partners I, L.P. ("NRC Partners") and 14,108 shares of common stock of GEG purchased by managed accounts (the "Accounts") on behalf of an investment advisory client of Northern Right Capital Management, L.P. ("Northern Right Management"). Northern Right Management acts as investment manager for the Accounts.
F3 Represents 2,035 shares of common stock of Great Elm Group, Inc. ("GEG") purchased by Northern Right Capital (QP), L.P. ("Northern Right QP"), 687 shares of common stock of GEG purchased by NRC Partners I, L.P. ("NRC Partners") and 3,570 shares of common stock of GEG purchased by managed accounts (the "Accounts") on behalf of an investment advisory client of Northern Right Capital Management, L.P. ("Northern Right Management"). Northern Right Management acts as investment manager for the Accounts.
F4 Northern Right QP beneficially owns and has the power to vote or to direct the vote of 1,336,961 shares of common stock of GEG. NRC Partners beneficially owns and has the power to vote or to direct the vote of 65,089 shares of common stock of GEG. Managed accounts (the "Managed Accounts") on behalf of certain investment advisory clients of Northern Right Capital Management beneficially own 1,453,234 shares of common stock of GEG.
F5 As general partner and investment manager of NRC Partners and Northern Right QP, Northern Right Management may be deemed to be the beneficial owner of the securities held by NRC Partners and Northern Right QP. As the investment manager of the Accounts and the Managed Accounts, Northern Right Management may also be deemed to be the beneficial owner of the securities held by such accounts. As general partner of Northern Right Management, BC Advisors, LLC ("BCA") may be deemed to be the beneficial owner of the securities beneficially owned (or deemed beneficially owned) by Northern Right Management. 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,
F6 (continued from footnote 5) 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.