Form 4: Great Elm Capital Director and 10% Owner Richard Cohen Increases Stake with Recent Share Purchases

Richard M. Cohen, a Director and 10% Owner of Great Elm Capital Corp. (GECC), has increased his direct beneficial ownership through two separate open market purchases of common stock in June 2025.

Summary

• Richard M. Cohen, a Director and 10% Owner of Great Elm Capital Corp. (GECC), acquired additional shares of common stock through open market transactions.
• On June 11, 2025, Mr. Cohen purchased 5,000 shares at a weighted average price of $11.1817 per share, with individual transaction prices ranging from $11.1150 to $11.2000.
• On June 12, 2025, he acquired an additional 3,100 shares at a price of $10.95 per share.
• Following these transactions, Mr. Cohen directly beneficially owns 18,100 shares of Great Elm Capital Corp. common stock.
• An additional 2,612 shares are indirectly beneficially owned by his spouse, for which Mr. Cohen disclaims beneficial ownership except to the extent of his pecuniary interest.

Sentiment

Score: 8

Explanation: The sentiment is positive due to significant insider buying by a Director and 10% Owner, indicating strong confidence in the company's prospects and valuation.

Positives

• A Director and 10% Owner, Richard M. Cohen, has significantly increased his direct stake in Great Elm Capital Corp. through open market purchases, signaling strong confidence.
• Insider buying, especially from a director and substantial shareholder, often indicates management's belief in the company's future prospects and that the stock is undervalued.
• The purchases were made at prices ranging from $10.95 to $11.2000, suggesting the insider sees value at these levels.

Negatives

• No negative information or adverse events were disclosed in this Form 4 filing.

Risks

• This Form 4 filing does not contain information regarding company-specific risks.

Future Outlook

This Form 4 filing does not provide any forward-looking statements or guidance regarding the company's future outlook.

Management Comments

• This Form 4 filing does not contain notable quotes or paraphrased statements from company management.

Industry Context

Insider buying, as reported in this Form 4, is a company-specific event that typically reflects the insider's view on the company's intrinsic value rather than broader industry trends. While not directly tied to industry context, significant insider purchases can sometimes indicate a belief that the company is undervalued relative to its peers or the overall market.

Comparison to Industry Standards

• This Form 4 filing, detailing insider stock purchases, does not provide information that allows for a direct comparison to industry-wide financial performance benchmarks or specific projects of comparable companies. The significance of insider buying is typically assessed against the company's own historical insider activity and the general market sentiment towards the sector.

Related Party Transactions

• The filing notes indirect beneficial ownership of 2,612 shares by the reporting person's spouse, for which the reporting person disclaims beneficial ownership except to the extent of pecuniary interest. This is a disclosure of beneficial ownership by a related party.

Stakeholder Impact

• Shareholders: The insider buying by a significant shareholder and director may instill confidence among existing shareholders and potentially attract new investors, suggesting management believes the stock is undervalued.
• Employees, Customers, Suppliers, Creditors: This specific filing does not contain information directly impacting these stakeholders.

Next Steps

• This Form 4 filing does not outline specific future actions, events, or milestones for the company.

Key Dates

Recommendation

Keywords

Great Elm Capital Corp., GECC, Richard M. Cohen, Insider Buying, Form 4, SEC Filing, Director, 10% Owner, Stock Purchase, Beneficial Ownership