Form 4: Matthew Drapkin of Great Elm Group Increases Stake Through Market Purchases

Matthew Drapkin, a Director and 10% Owner of Great Elm Group, Inc., has increased his indirect holdings of common stock through a series of market purchases.

Summary

• Matthew Drapkin, a Director and 10% Owner of Great Elm Group, Inc. (GEG), has reported changes in his beneficial ownership of the company's common stock.
• The transactions involved purchases of common stock through Northern Right Capital (QP), L.P. and managed accounts of Northern Right Capital Management, L.P.
• On May 21, 2024, 24,984 shares were purchased at a weighted average price of $1.7717 per share.
• On May 22, 2024, 20,001 shares were purchased at a weighted average price of $1.7633 per share.
• On May 23, 2024, 5,015 shares were purchased at a weighted average price of $1.7536 per share.
• Following these transactions, Drapkin indirectly owns 1,963,690 shares through managed accounts and directly owns 574,903 shares.
• Drapkin disclaims beneficial ownership of shares indirectly owned through his position with BC Advisors, LLC, 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 a report of transactions.

Positives

• The insider's purchase of shares could be interpreted as a positive signal about the company's prospects.

Industry Context

Insider buying is often monitored by investors as an indicator of management's confidence in the company's future performance. It's a common practice and is regulated to ensure transparency and prevent illegal activities.

Key Dates