X0306 4 2023-01-05 0001831096 Great Elm Group, Inc. GEG 0001479613 Reese Jason W. C/O IMPERIAL CAPITAL ASSET MANAGEMENT 3801 PGA BOULEVARD, SUITE 603 PALM BEACH GARDENS FL 33410 true true 0001805378 Imperial Capital Asset Management, LLC 3801 PGA BOULEVARD, SUITE 603 PALM BEACH GARDENS FL 33410 true 0001308057 LONG BALL PARTNERS LLC C/O IMPERIAL CAPITAL ASSET MANAGEMENT 3801 PGA BOULEVARD, SUITE 603 PALM BEACH GARDENS FL 33410 true Common Stock 5620000 I See Footnotes Common Stock 2023-01-05 4 A 0 29412 0 A 594314 D Common Stock 2023-01-05 4 A 0 135747 0 A 730061 D Consists of 4,250,016 shares held directly by Long Ball Partners, LLC ("Long Ball") and 1,369,984 shares held directly by Imperial Capital Asset Management, LLC ("ICAM"). Mr. Reese is portfolio manager to Long Ball and is Chairman and Chief Executive Officer of ICAM, which is the managing member of and investment manager to Long Ball. Each of Mr. Reese, ICAM and Long Ball disclaims beneficial ownership of the securities reported herein, except to the extent of that person's pecuniary interest. Mr. Reese was awarded 29,412 shares of restricted stock, which vest in equal monthly installments on the end of each month beginning on January 31, 2023 through December 31, 2023, contingent upon continued service as a member of the board of directors of Great Elm Group, Inc. ("GEG"). Mr. Reese was awarded 135,747 shares of restricted stock, which vest in equal quarterly installments on the end of each quarter beginning on March 31, 2023 through December 31, 2023, contingent upon continued service as a member of the board of directors of GEG. Mr. Reese is a director and Executive Chairman of the Issuer. Long Ball Partners, LLC Imperial Capital Asset Management, LLC, its Managing Member By: /s/ Jason W. Reese Name: Jason W. Reese Title: Chairman & CEO 2023-01-09 Imperial Capital Asset Management, LLC By: /s/ Jason W. Reese Name: Jason W. Reese Title: Chairman & CEO 2023-01-09 By: /s/ Jason W. Reese Name: Jason W. Reese 2023-01-09