Great Elm Group, Inc.: 5%+ holders

Great Elm Group, Inc. has 8 Schedule 13D or 13G filings on record since 2025-07-17. 4 holders' latest filing reports 5% or more of common stock, par value $0.001 per share. Each figure below is the holder's own, as filed, with the filing linked.

Holders

Purpose of Transaction (Item 4)

Northern Right Capital Management, L.P.

Item 4 is amended and supplemented to add the following information for updating as of the date hereof: As of the date of this Statement, each of Northern Right QP, NRC LO and Mr. Drapkin is the holder of an aggregate principal amount of $2,745,290, $1,016,880 and $342,021, respectively, of the PIK Notes. The PIK Notes are convertible into Common Stock. On July 10, 2026, Northern Right QP, NRC LO and Mr. Drapkin entered into a letter agreement (the "Forbearance Agreement") with the Issuer, supplementing that certain letter agreement, dated as of December 6, 2024, by and among Northern Right QP, Mr. Drapkin and the Issuer (as previously supplemented by that certain letter agreement dated January 13, 2025), pursuant to which Northern Right QP, NRC LO and Mr. Drapkin irrevocably agreed to forbear from exercising their respective rights to convert the PIK Notes (and any additional PIK Notes issued pursuant to the PIK Notes) into Common Stock until July 15, 2027 (the "Forbearance End Date"). The Forbearance End Date may be extended by each of Northern Right QP, NRC LO or Mr. Drapkin as to their respective PIK Notes with the prior written consent of the Issuer. As of the date of this Statement, if the Forbearance Agreement were not in place, the PIK Notes would be convertible by Northern Right QP, NRC LO and Mr. Drapkin into 790,648 shares, 292,863 shares and 98,502 shares, respectively, of Common Stock. As a result of the Forbearance Agreement, the Common Stock issuable upon …The first part of Item 4 of the SCHEDULE 13D/A filed 2026-07-14; the filing has the rest

Randall D. Smith

On August 27, 2025, the Issuer entered into the Securities Purchase Agreement with WVF, pursuant to which WVF purchased from the Issuer an aggregate of 4,000,000 shares of Common Stock, at a purchase price of $2.25 per share. Pursuant to the Securities Purchase Agreement, the Issuer also issued to WVF a Series A Warrant to purchase an aggregate of 1,000,000 shares of Common Stock and a Series B Warrant to purchase an aggregate of 1,000,000 shares of Common Stock. The transactions contemplated by the Securities Purchase Agreement closed on August 27, 2025. WVF used its own working capital to acquire the securities. The Series A Warrant is exercisable at any time on or after the Series A Warrant Exercisability Date for 1,000,000 shares of Common Stock, expires on the ten-year anniversary of the Series A Warrant Exercisability Date and has an exercise price of $3.50 per share. The Series B Warrant is exercisable at any time on or after the Series B Warrant Exercisability Date for 1,000,000 shares of Common Stock, expires on the ten-year anniversary of the Series B Warrant Exercisability Date and has an exercise price of $5.00 per share. Concurrent with the closing, the Issuer's board of directors (the "Board") appointed a new director to the Board designated by WVF pursuant to the Securities Purchase Agreement. The shares of Common Stock owned by the Reporting Persons have been acquired for investment purposes. The Reporting Persons may make further acquisitions of the shares …The first part of Item 4 of the SCHEDULE 13D filed 2025-09-04; the filing has the rest

Long Ball Partners, LLC

Item 4 is hereby supplemented as follows: As of the date of this Amendment, Long Ball is the holder of an aggregate principal amount of $8,755,560.00 of the Issuer's 5.0% Convertible Senior PIK Notes Due 2030 (the "PIK Notes"). The PIK Notes are convertible into Common Stock. On September 8, 2026, Long Ball entered into a letter agreement (the "Forbearance Agreement") with the Issuer, pursuant to which Long Ball irrevocably agreed to forbear from exercising its right to convert the PIK Notes (and any additional PIK Notes issued pursuant to the PIK Notes) into Common Stock until November 10, 2027 (the "Forbearance End Date"). The Forbearance End Date may be extended by Long Ball with the prior written consent of the Issuer. As of the date of this Amendment, if the Forbearance Agreement were not in place, the PIK Notes would be convertible into 2,521,617 shares of Common Stock. As a result of the Forbearance Agreement, the Common Stock issuable upon conversion of the PIK Notes will not be deemed to be beneficially owned by ICAM, Long Ball, ICGH2 or Jason Reese. The Forbearance Agreement may only be amended or terminated by a written amendment, fully executed and delivered by Long Ball with no less than 61 days' prior written notice to the Issuer. The Forbearance Agreement supplements the prior forbearance agreements Long Ball entered into with the Issuer dated June 16, 2023, October 25, 2024 and September 8, 2025. The foregoing description of the Forbearance Agreement is …The first part of Item 4 of the SCHEDULE 13D/A filed 2026-09-10; the filing has the rest

Timeline

Where this comes from

Anyone who comes to own more than 5% of a class of a listed company's voting shares has to tell the SEC. A holder who may seek to change or influence the company files Schedule 13D, and has to say in Item 4, "Purpose of Transaction", what it intends to do. A holder with no such intent, such as many index and passive funds, may file the shorter Schedule 13G. Both are amended when the stake changes, including when it falls below 5%.

Every row here is one of those filings, linked to the filing itself. Percentages and share counts are exactly as the holder filed them, for the holder the filing names; an amendment showing a lower figure is shown as filed. Item 4 text is quoted word for word. Where a 13D's Item 4 contains a sentence stating a definite intent to influence the company, that sentence is marked and quoted; the page does not describe the holder or its motives beyond the words it filed. Nothing here is investment advice.

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