Form 4: Great Elm Capital Corp. Director Matthew Drapkin Reports Stock Purchase

Director Matthew Drapkin reports the acquisition of 9,600 shares of Great Elm Capital Corp. common stock at an average price of $9.9204 on September 16, 2024.

Summary

• On September 16, 2024, Matthew Drapkin, a director of Great Elm Capital Corp., purchased 9,600 shares of common stock.
• The shares were bought at a weighted average price of $9.9204, with individual transaction prices ranging from $9.68 to $9.98.
• Following the transaction, Drapkin directly owns 75,716 shares.
• Additionally, Drapkin indirectly owns 429,331 shares through Northern Right Capital (QP), L.P. and 369,140 shares through managed accounts.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a standard disclosure of a stock purchase by a director. The purchase itself could be seen as slightly positive, but the filing is simply a procedural requirement.

Positives

• A director's purchase of company stock can be seen as a positive signal, indicating confidence in the company's future prospects.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential sentiment.

Stakeholder Impact

• The stock purchase by a director may have a slightly positive impact on shareholder sentiment.

Key Dates