X0306 4 2022-05-18 0001831096 Great Elm Group, Inc. GEG 0001475698 Hugar James H C/O GREAT ELM GROUP, INC. 800 SOUTH STREET, SUITE 230 WALTHAM MA 02453 true Common Stock 2022-05-18 4 P 0 1577 2.0307 A 166295 D The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.01 to $2.10, inclusive. The Reporting Person undertakes to provide to Great Elm Group, Inc. ("GEG"), any security holder of GEG, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased in each transaction at each separate price within the ranges set forth herein. /s/ Adam M. Kleinman, attorney-in-fact 2022-05-20