LONG BALL PARTNERS LLC 4

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.