LONG BALL PARTNERS LLC 4
4 · Great Elm Group, Inc. · Filed Jun 1, 2026
Research Summary
AI-generated summary of this filing
Great Elm Group (GEG) CEO Jason Reese Gifts 99,637 Shares
What Happened Jason W. Reese, Chairman and Chief Executive Officer of Great Elm Group (GEG) and a 10% owner, made an exempt gift of 99,637 common shares on May 28, 2026. The shares were disposed as a gift (transaction code G) and had a reported price of $0.00 (no cash proceeds). The filing lists the transfer as to a charitable giving fund.
Key Details
- Transaction date: 2026-05-28; reported on Form 4 filed 2026-06-01 (timely).
- Shares gifted: 99,637; reported price: $0.00; total proceeds: $0.
- Shares owned/controlled after transaction: 6,379,646 shares (5,009,662 held by Long Ball Partners, LLC; 909,084 held by Imperial Capital Asset Management, LLC; 460,900 held by Imperial Capital Group Holdings II, LLC).
- Notable footnotes: Reese is portfolio manager of Long Ball and CEO/managing member of entities that directly hold the shares, and thus has voting and dispositive power over those holdings (F1–F3). F4 confirms the transfer was an exempt gift to a charitable giving fund.
- No indication of a sale or market trade; this was a charitable donation.
Context Gifts by insiders are generally charitable or estate-planning actions and do not necessarily signal a change in an insider’s view of the company. Reese’s ownership/control is largely through affiliated entities rather than direct personal holdings; those entities and Reese disclaim beneficial ownership except to the extent of any pecuniary interest.
Insider Transaction Report
- Gift
Common Stock
[F4]2026-05-28−99,637→ 1,004,327 total
- 6,379,646(indirect: See Footnotes)
Common stock, par value $0.01 per share ("Common Stock")
[F1][F2][F3]
Footnotes (4)
- [F1]This Common Stock is held directly by Long Ball Partners, LLC ("Long Ball"), Imperial Capital Asset Management, LLC ("ICAM") and Imperial Capital Group Holdings II, LLC ("ICGH2"). Mr. Reese is portfolio manager to Long Ball and is Chairman and Chief Executive Officer of ICAM, which is the managing member of and investment manager to Long Ball. Mr. Reese is one of the owners of Imperial Capital Group Holdings, LLC, which is the managing member of ICGH2. Mr. Reese has voting and dispositive power over the shares of Common Stock held directly by each of Long Ball, ICAM and ICGH2.
- [F2]Consists of 5,009,662 shares held directly by Long Ball, 909,084 shares held directly by ICAM, and 460,900 shares held directly by ICGH2.
- [F3]Each of Mr. Reese, ICAM, Long Ball and ICGH2 disclaims beneficial ownership of the securities reported herein, except to the extent of that person's pecuniary interest.
- [F4]Reflects an exempt gift made by Mr. Reese to a charitable giving fund.