<SEC-DOCUMENT>0000950170-24-109094.txt : 20240924
<SEC-HEADER>0000950170-24-109094.hdr.sgml : 20240924
<ACCEPTANCE-DATETIME>20240924162847
ACCESSION NUMBER:		0000950170-24-109094
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20240920
FILED AS OF DATE:		20240924
DATE AS OF CHANGE:		20240924

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			LONG BALL PARTNERS LLC
		CENTRAL INDEX KEY:			0001308057
		ORGANIZATION NAME:           	
		STATE OF INCORPORATION:			DE

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-39832
		FILM NUMBER:		241320475

	BUSINESS ADDRESS:	
		STREET 1:		10100 SANTA MONICA BLVD.
		STREET 2:		SUITE 2400
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310-246-3700

	MAIL ADDRESS:	
		STREET 1:		10100 SANTA MONICA BLVD.
		STREET 2:		SUITE 2400
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Reese Jason W.
		CENTRAL INDEX KEY:			0001479613
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-39832
		FILM NUMBER:		241320477

	MAIL ADDRESS:	
		STREET 1:		C/O IMPERIAL CAPITAL ASSET MANAGEMENT, L
		STREET 2:		10100 SANTA MONICA BLVD. SUITE 2400
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Imperial Capital Group Holdings II, LLC
		CENTRAL INDEX KEY:			0001961798
		ORGANIZATION NAME:           	
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-39832
		FILM NUMBER:		241320474

	BUSINESS ADDRESS:	
		STREET 1:		3801 PGA BOULEVARD
		STREET 2:		SUITE 603
		CITY:			PALM BEACH GARDENS
		STATE:			FL
		ZIP:			33410
		BUSINESS PHONE:		5612147901

	MAIL ADDRESS:	
		STREET 1:		3801 PGA BOULEVARD
		STREET 2:		SUITE 603
		CITY:			PALM BEACH GARDENS
		STATE:			FL
		ZIP:			33410

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Imperial Capital Asset Management, LLC
		CENTRAL INDEX KEY:			0001805378
		ORGANIZATION NAME:           	
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-39832
		FILM NUMBER:		241320476

	BUSINESS ADDRESS:	
		STREET 1:		10100 SANTA MONICA BLVD.
		STREET 2:		SUITE 2400
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310.246.3644

	MAIL ADDRESS:	
		STREET 1:		10100 SANTA MONICA BLVD.
		STREET 2:		SUITE 2400
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Great Elm Group, Inc.
		CENTRAL INDEX KEY:			0001831096
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-PREPACKAGED SOFTWARE [7372]
		ORGANIZATION NAME:           	06 Technology
		IRS NUMBER:				853622015
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0630

	BUSINESS ADDRESS:	
		STREET 1:		3801 PGA BOULEVARD
		STREET 2:		SUITE 603
		CITY:			PALM BEACH GARDENS
		STATE:			FL
		ZIP:			33410
		BUSINESS PHONE:		(617) 375-3006

	MAIL ADDRESS:	
		STREET 1:		3801 PGA BOULEVARD
		STREET 2:		SUITE 603
		CITY:			PALM BEACH GARDENS
		STATE:			FL
		ZIP:			33410
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>ownership.xml
<DESCRIPTION>4
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0508</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2024-09-20</periodOfReport>

    <issuer>
        <issuerCik>0001831096</issuerCik>
        <issuerName>Great Elm Group, Inc.</issuerName>
        <issuerTradingSymbol>GEG</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001479613</rptOwnerCik>
            <rptOwnerName>Reese Jason W.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O IMPERIAL CAPITAL ASSET MANAGEMENT</rptOwnerStreet1>
            <rptOwnerStreet2>3801 PGA BOULEVARD, SUITE 603</rptOwnerStreet2>
            <rptOwnerCity>PALM BEACH GARDENS</rptOwnerCity>
            <rptOwnerState>FL</rptOwnerState>
            <rptOwnerZipCode>33410</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>true</isDirector>
            <isOfficer>true</isOfficer>
            <isTenPercentOwner>true</isTenPercentOwner>
            <isOther>false</isOther>
            <officerTitle>See remarks</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001805378</rptOwnerCik>
            <rptOwnerName>Imperial Capital Asset Management, LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>3801 PGA BOULEVARD, SUITE 603</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>PALM BEACH GARDENS</rptOwnerCity>
            <rptOwnerState>FL</rptOwnerState>
            <rptOwnerZipCode>33410</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>false</isDirector>
            <isOfficer>false</isOfficer>
            <isTenPercentOwner>true</isTenPercentOwner>
            <isOther>false</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001308057</rptOwnerCik>
            <rptOwnerName>LONG BALL PARTNERS LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O IMPERIAL CAPITAL ASSET MANAGEMENT</rptOwnerStreet1>
            <rptOwnerStreet2>3801 PGA BOULEVARD, SUITE 603</rptOwnerStreet2>
            <rptOwnerCity>PALM BEACH GARDENS</rptOwnerCity>
            <rptOwnerState>FL</rptOwnerState>
            <rptOwnerZipCode>33410</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>false</isDirector>
            <isOfficer>false</isOfficer>
            <isTenPercentOwner>true</isTenPercentOwner>
            <isOther>false</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001961798</rptOwnerCik>
            <rptOwnerName>Imperial Capital Group Holdings II, LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>3801 PGA BOULEVARD, SUITE 603</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>PALM BEACH GARDENS</rptOwnerCity>
            <rptOwnerState>FL</rptOwnerState>
            <rptOwnerZipCode>33410</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>false</isDirector>
            <isOfficer>false</isOfficer>
            <isTenPercentOwner>true</isTenPercentOwner>
            <isOther>false</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <aff10b5One>false</aff10b5One>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common stock, par value $0.01 per share (&quot;Common Stock&quot;)</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>6379646</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Footnotes</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                    <footnoteId id="F3"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2024-09-20</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>false</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>130208</value>
                    <footnoteId id="F4"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0.00</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>993119</value>
                    <footnoteId id="F5"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                    <footnoteId id="F3"/>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">This Common Stock is held directly by Long Ball Partners, LLC (&quot;Long Ball&quot;), Imperial Capital Asset Management, LLC (&quot;ICAM&quot;) and Imperial Capital Group Holdings II, LLC (&quot;ICGH2&quot;). 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. Mr. Reese is one of the owners of Imperial Capital Group Holdings, LLC, which is the managing member of ICGH2. Mr. Reese has voting and dispositive power over the shares of Common Stock held directly by each of Long Ball, ICAM and ICGH2.</footnote>
        <footnote id="F2">Consists of 5,009,662 shares held directly by Long Ball, 909,084 shares held directly by ICAM, and 460,900 shares held directly by ICGH2.</footnote>
        <footnote id="F3">Each of Mr. Reese, ICAM, Long Ball and ICGH2 disclaims beneficial ownership of the securities reported herein, except to the extent of that person's pecuniary interest.</footnote>
        <footnote id="F4">On September 20, 2024, Jason Reese was awarded 130,208 shares of restricted stock, 25% of which vested on September 20, 2024, with 25% to vest on each of September 20, 2025, September 20, 2026 and September 20, 2027.</footnote>
        <footnote id="F5">Reflects shares directly beneficially owned by Mr. Reese.</footnote>
    </footnotes>

    <remarks>Mr. Reese is the Chairman and Chief Executive Officer of the Issuer.</remarks>

    <ownerSignature>
        <signatureName>Jason Reese, By: /s/ Jason Reese</signatureName>
        <signatureDate>2024-09-24</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Long Ball Partners, LLC, By: Imperial Capital Asset Management, LLC, its Managing Member, By: /s/ Jason Reese, Chairman &amp; CEO</signatureName>
        <signatureDate>2024-09-24</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Imperial Capital Asset Management, LLC, By: /s/ Jason Reese, Chairman &amp; CEO</signatureName>
        <signatureDate>2024-09-24</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Imperial Capital Group Holdings II, LLC, By: /s/ Jason Reese, its Authorized Signatory</signatureName>
        <signatureDate>2024-09-24</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
