Great Elm Group (GEG) Chairman Jason Reese Receives Award

What Happened
Jason W. Reese, Chairman and CEO of Great Elm Group, was granted 137,501 shares of restricted stock on September 21, 2026. The grant was reported on a Form 4 filed September 23, 2026. The shares were issued at $0.00 (an award/compensation grant), not a purchase or sale. The restricted stock vests in four equal annual installments — one installment vested on the grant date and the remaining installments vest each year through September 20, 2029, contingent on continued service as a director.

Key Details

• Transaction date: 2026-09-21; Form 4 filed: 2026-09-23 (timely filing).
• Transaction type/code: Award/Grant (A); 137,501 shares granted at $0.00.
• Vesting: Four equal annual installments; first installment vested on grant date, remaining installments on 9/20/2027, 9/20/2028 and 9/20/2029, subject to continued board service.
• Reported holdings (per footnotes): Mr. Reese has voting/dispositive power over 6,379,646 shares held directly by entities Long Ball Partners, LLC (5,009,662), Imperial Capital Asset Management, LLC (909,084) and Imperial Capital Group Holdings II, LLC (460,900). Each of Mr. Reese and the entities disclaims beneficial ownership except to the extent of pecuniary interest.
• Filing timeliness: Filed within two days of the transaction; no late filing indicated.

Context
This was a compensation award (not an open‑market buy or sale). Awards like this are common for executive/director compensation and include service-based vesting conditions — they do not necessarily signal immediate buying or selling intent. As a significant holder with control via affiliated entities, Mr. Reese’s reported holdings reflect institutional/managerial ownership structure rather than a simple personal brokerage position.