X0306 4 2021-01-21 0 0001675033 Great Elm Capital Corp. GECC 0001688208 Kuperschmid Mark C/O GREAT ELM CAPITAL CORP. 800 SOUTH STREET, SUITE 230 WALTHAM MA 02453 1 0 0 0 Common Stock 2021-01-21 4 A 0 603 0.00 A 35917 I By Benmark Investments LLC Shares acquired as a result of a stock dividend. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of any of the reported shares for purposes of Section 16 or for any other purpose. /s/ Adam M. Kleinman, as Attorney-in-Fact for Reporting Person 2021-01-26