X0306 4 2021-03-19 0001831096 Great Elm Group, Inc. GEG 0001589127 Scheyer Eric J C/O GREAT ELM GROUP, INC. 800 SOUTH STREET, SUITE 230 WALTHAM MA 02453 true Common Stock 2021-03-19 4 A 0 19945 0 A 82313 D The Reporting Person was awarded 19,945 restricted stock units, one-tenth of which vested on March 19, 2021, and the remainder of which vest in equal monthly installments on the first of each month beginning April 1, 2021 through December 1, 2021, contingent upon continued service as a member of the board of directors of Great Elm Group, Inc. /s/ Adam M. Kleinman, attorney-in-fact 2021-03-23