Form 4: Great Elm Group CEO Gifts Shares to Charitable Fund

Great Elm Group's Chairman and CEO, Jason W. Reese, reported an exempt gift of 100,000 common shares to a charitable giving fund.

Summary

• Jason W. Reese, Chairman and Chief Executive Officer of Great Elm Group, Inc. (GEG), reported a change in his beneficial ownership.
• The transaction involved an exempt gift of 100,000 shares of Common Stock to a charitable giving fund.
• Following this transaction, Mr. Reese directly beneficially owns 1,076,942 shares of Common Stock.
• Mr. Reese also indirectly beneficially owns 6,379,646 shares through Long Ball Partners, LLC, Imperial Capital Asset Management, LLC, and Imperial Capital Group Holdings II, LLC.
• The total beneficial ownership for Mr. Reese, combining direct and indirect holdings, is 7,456,588 shares.

Sentiment

Score: 5

Explanation: The filing reports an exempt gift of shares by an insider to a charitable fund, which is a neutral event from a direct financial performance perspective for the company.

Positives

• The gift to a charitable fund could be viewed positively from a corporate social responsibility perspective.

Negatives

• A reduction of 100,000 shares in direct beneficial ownership by the Chairman and CEO.

Future Outlook

No future outlook or guidance is provided in this Form 4 filing, as it primarily reports a change in beneficial ownership.

Management Comments

• Jason W. Reese is the Chairman and Chief Executive Officer of Great Elm Group, Inc.

Industry Context

This filing is a routine disclosure of an insider transaction and does not provide information relevant to broader industry trends or competitors.

Related Party Transactions

• Jason W. Reese indirectly beneficially owns shares through Long Ball Partners, LLC, Imperial Capital Asset Management, LLC (ICAM), and Imperial Capital Group Holdings II, LLC (ICGH2).
• Mr. Reese is the portfolio manager to Long Ball, Chairman and CEO of ICAM (which is the managing member and investment manager to Long Ball), and an owner of Imperial Capital Group Holdings, LLC (which is the managing member of ICGH2).
• Mr. Reese has voting and dispositive power over the shares held by Long Ball, ICAM, and ICGH2.

Stakeholder Impact

• Shareholders: A minor reduction in direct insider ownership, but the overall beneficial ownership structure remains largely consistent.

Key Dates

Keywords

Great Elm Group, GEG, Jason W. Reese, Form 4, insider transaction, beneficial ownership, stock gift, charitable giving, Imperial Capital