X0306 4 2023-01-05 0001831096 Great Elm Group, Inc. GEG 0001711322 Parmelee James P C/O GREAT ELM GROUP, INC. 800 SOUTH STREET, SUITE 230 WALTHAM MA 02453 true Common Stock 2023-01-05 4 A 0 29412 0 A 236837 D Common Stock 2023-01-05 4 A 0 38462 0 A 275299 D The Reporting Person 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"). The Reporting Person was awarded 38,462 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. /s/ Adam M. Kleinman, attorney-in-fact 2023-01-09