X0306 4 2022-06-09 0001831096 Great Elm Group, Inc. GEG 0001931402 Matter David C/O GREAT ELM GROUP, INC. 800 SOUTH STREET, SUITE 230 WALTHAM MA 02453 true Common Stock 2022-06-09 4 A 0 17074 0 A 50022 D Common Stock 2022-06-09 4 A 0 17074 0 A 67096 D Common Stock 2022-06-10 4 P 0 24499 2.3957 A 91595 D Common Stock 2022-06-13 4 P 0 6622 2.365 A 98217 D The Reporting Person was awarded 17,074 shares of restricted stock, 442 of which vested on May 31, 2022, and the remaining of which vest in equal monthly installments on the end of each month beginning on June 30, 2022 through December 31, 2022, contingent upon continued service as a member of the board of directors of Great Elm Group, Inc. ("GEG"). The Reporting Person was awarded 17,074 shares of restricted stock in lieu of cash for retainer fees for service on the Registrant's board of directors, 2,820 of which vest on June 30, 2022, and the remaining of which vest in equal quarterly installments on the end of each quarter beginning on September 30, 2022 through December 31, 2022, contingent upon continued service as a member of the board of directors of GEG. /s/ Adam M. Kleinman, attorney-in-fact 2022-06-13