X0206 3 2023-05-15 0 0001831096 Great Elm Group, Inc. GEG 0001770670 Davis Keri C/O GREAT ELM GROUP, INC. 800 SOUTH STREET, SUITE 230 WALTHAM MA 02453 true Chief Financial Officer Option (right to buy) 3.43 2022-11-07 2028-11-07 Common Stock 20000 D Option (right to buy) 4.12 2029-05-14 Common Stock 10000 D Option (right to buy) 3.35 2029-11-08 Common Stock 10000 D 20% of the option vested on May 14, 2020, with 5.00% of the option vesting per quarter thereafter, until fully vested on May 14, 2024. 20% of the option vested on November 8, 2020, with 5.00% of the option vesting per quarter thereafter, until fully vested on November 8, 2024. /s/ Adam M. Kleinman, attorney-in-fact 2023-05-22