Great Elm Capital (GECC) 10% Owner Sells 180,000 Shares

What Happened
Great Elm Strategic Partnership I, LLC — identified as a 10% owner of Great Elm Capital Corp. (GECC) — disposed of 180,000 shares of GECC common stock on 2026-06-29 at $5.45 per share, for a total of $981,000. The filing reports this as a sale (disposition), and the transaction was a private sale rather than an open-market trade.

Key Details

• Transaction date: 2026-06-29; Filing date: 2026-06-30 (filed next day).
• Price and size: 180,000 shares at $5.45 per share; proceeds = $981,000.
• Transaction code: J (other acquisition/disposition); footnote states the sale was a private transaction, not on the open market.
• Shares owned after transaction: Not specified in the Form 4 filing.
• Accession No.: 0000950103-26-009870 (for reference).

Context
This disclosure involves a 10% institutional owner (an affiliated investor), not an individual officer or director. Private disposals by large shareholders can be routine portfolio management and do not necessarily signal company fundamentals; the filing provides no statement of motive.