Form 4: Great Elm Group Insider Jason Reese Increases Stake Through Multiple Purchases

Jason Reese, a director, 10% owner, and officer of Great Elm Group, Inc., has increased his indirect holdings of common stock through a series of purchases made by related entities.

Summary

• Jason Reese, who is a director, 10% owner, and officer of Great Elm Group, Inc. (GEG), has reported changes in his beneficial ownership of the company's common stock.
• Between May 21 and May 23, 2024, entities related to Mr. Reese, including Long Ball Partners, LLC, Imperial Capital Asset Management, LLC (ICAM), and Imperial Capital Group Holdings II, LLC (ICGH2), purchased shares of GEG common stock.
• On May 21, 2024, 24,984 shares were purchased at an average price of $1.77.
• On May 22, 2024, 20,001 shares were purchased at an average price of $1.76.
• On May 23, 2024, 5,015 shares were purchased at an average price of $1.75.
• Following these transactions, the total number of shares indirectly beneficially owned by Mr. Reese through these entities is 6,379,646.
• Mr. Reese also directly owns 862,911 shares of GEG common stock.
• Mr. Reese disclaims beneficial ownership of the indirectly held securities except to the extent of his pecuniary interest.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. Insider buying is generally viewed as a positive sign, but the document is simply reporting transactions without expressing an opinion on the company's performance or future prospects.

Positives

• Insider buying can be seen as a positive signal, indicating that a company insider believes the company's stock is undervalued.

Industry Context

Insider buying and selling activity is closely monitored by investors as it can provide insights into management's perspective on the company's prospects.

Stakeholder Impact

• The increased stake of a key insider could boost investor confidence.

Key Dates