4/A: Great Elm Group Amends Filing to Correct Stock Transfer Details

Great Elm Group, a 10% owner of Great Elm Capital Corp., amended its SEC filing to correct the amount of common stock transferred due to vested compensation awards.

Summary

• Great Elm Group, Inc. filed an amendment to its Form 4 with the SEC.
• The amendment corrects information regarding the amount of Great Elm Capital Corp. (GECC) common stock transferred on September 20, 2024, and September 24, 2024.
• The transfers resulted from vested compensation awards granted in prior years.
• On September 20, 2024, 25,573 shares were transferred at a price of $10.09, leaving Great Elm Group with 1,431,545 shares.
• On September 24, 2024, 9,177 shares were transferred at a price of $10.09, resulting in a total of 1,440,722 shares owned.
• The filing indicates that Great Elm Group is a 10% owner of Great Elm Capital Corp.

Sentiment

Score: 6

Explanation: The document is a routine amendment to correct previously filed information. It doesn't contain any particularly positive or negative news, hence a neutral sentiment score.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders and significant shareholders, providing transparency to the market.

Stakeholder Impact

• The correction of the filing ensures accurate information is available to shareholders regarding the ownership structure of Great Elm Capital Corp.

Key Dates