Great Elm Group, Inc. filings document an alternative asset manager's operating results, securities, governance and capital actions. Form 8-K reports furnish earnings releases and material events covering AUM, fee revenue, investment valuations, real estate activity, stock repurchase authorization, common stock and the company's 7.25% Notes due 2027.
The filing record also includes proxy materials for the annual stockholders' meeting, shareholder voting procedures and board matters. Material-event filings describe director changes, securities purchase agreements, private placements, registration-rights covenants and other capital-structure disclosures tied to Great Elm's asset management and real estate platforms.
Great Elm Group, Inc. Chief Operating Officer Nichole Milz was awarded 48,698 restricted shares and options to buy 50,000 common shares on September 21, 2026. The options have a $3 exercise price, expire September 20, 2031, and the reported option position following the award was 50,000 underlying shares.
One-quarter of the restricted stock and 50% of the options vested on the grant date. Remaining vesting is contingent on continued employment: the restricted stock vests in equal annual installments through September 20, 2029, and the remaining options vest on September 20, 2027. Another 23,701 shares, reported at $2.15 per share, were delivered or withheld for payment of exercise price or tax liability in connection with restricted-stock vesting. No Rule 10b5-1 plan is reported.
On September 21, 2026, Great Elm Group, Inc. Chief Financial Officer Keri Davis received awards of 20,052 restricted shares and options to purchase 20,000 common shares. One-quarter of the restricted shares vested on the grant date; the remainder vests in equal annual installments on September 20 through September 20, 2029, contingent on continued employment. For the options, 50% vested on the grant date and the remainder vests on September 20, 2027, also contingent on continued employment; the exercise price is $3.00 per share.
Separately, 7,642 shares were delivered or withheld for payment of exercise price or tax liability at a reported price of $2.15 per share. The footnote describes this as net share settlement of restricted-stock awards in connection with vesting, exempt pursuant to Rule 16b-3. No Rule 10b5-1 plan is reported.
Great Elm Group, Inc. President Adam M. Kleinman received awards on September 21, 2026, of 40,104 shares of restricted stock and options to purchase 40,000 common shares. One-quarter of the restricted stock vested on the grant date; the remainder will vest in equal annual installments on September 20 of each year through September 20, 2029, contingent on continued employment. Half of the options vested on the grant date, and the remainder will vest on September 20, 2027, also contingent on continued employment. The options have a $3.00 exercise price and expire September 20, 2031; his reported direct option position after the grant was 40,000 options. The report also records 17,367 common shares delivered or withheld for payment of exercise price or tax liability in a net share settlement connected with restricted-stock vesting, exempt under Rule 16b-3.
Great Elm Group, Inc. (symbol: GEG) is the issuer of record for a Form 4 filing submitted to the SEC. Reese Jason W. reported acquisition or exercise transactions in this Form 4 filing.
Great Elm Group, Inc. (GEG) reported that its Chairman and Chief Executive Officer, Jason W. Reese, received a 137,501-share restricted-stock award on September 21, 2026. The award vests in four equal annual installments: the first on the grant date and the remaining installments on September 20, 2027, September 20, 2028 and September 20, 2029, contingent on his continued service as a director. After the award, Reese held 1,141,828 shares directly. The company also reported 6,379,646 shares held indirectly through Long Ball Partners, LLC, Imperial Capital Asset Management, LLC and Imperial Capital Group Holdings II, LLC; Reese has voting and dispositive power over those shares, while each named party disclaims beneficial ownership except to the extent of its pecuniary interest.
Great Elm Group, Inc. (GEG) received an updated Schedule 13D/A from Imperial Capital Asset Management, LLC, Long Ball Partners, LLC, Imperial Capital Group Holdings II, LLC and Jason Reese, detailing their beneficial ownership of the company’s common stock and changes related to convertible securities. Based on 31,094,890 shares outstanding as of August 20, 2026, Jason Reese reports beneficial ownership of 7,252,754 shares, or 23.3% of the common stock, while Imperial Capital Asset Management reports 5,918,746 shares (19.0%), Long Ball Partners 5,009,662 shares (16.1%), and Imperial Capital Group Holdings II 460,900 shares (1.5%), each with sole voting and dispositive power over the reported amounts.
The amendment also describes a Forbearance Agreement dated September 8, 2026, under which Long Ball, as holder of $8,755,560 of Great Elm’s 5.0% Convertible Senior PIK Notes due 2030, irrevocably agrees to forbear from converting these notes (and any additional notes issued under them) into common stock until November 10, 2027, unless extended with the issuer’s consent. Absent this agreement, the notes would be convertible into 2,521,617 shares of common stock, which, due to the forbearance, are not currently deemed beneficially owned by the reporting persons.
Great Elm Group, Inc. (GEG) reported fiscal 2026 results showing strong top-line growth but a swing to loss driven by investment marks. Full-year revenue was $27.8 million, up about 70% from $16.3 million in 2025, while net loss was $35.4 million versus prior-year net income of $12.9 million, largely due to $22.2 million of net realized and unrealized losses associated with GECC-related investments versus gains a year earlier.
Fourth-quarter revenue rose 88% to $10.6 million, with net income of $1.1 million, down from $13.6 million on lower net unrealized gains. Full-year Adjusted EBITDA was $(3.4) million versus $4.3 million in 2025. GEG and its managed vehicles raised about $393 million of gross capital in fiscal 2026, and fee-paying AUM and total AUM reached $590 million and $771 million, respectively, as of June 30, 2026.
GEG ended the year with a strong liquidity position, holding about $53.5 million in cash and cash equivalents. The company continued capital returns, repurchasing about 8.1 million shares for $16.1 million under a $40 million authorization, leaving roughly $23.9 million of remaining capacity.
Great Elm Group, Inc. (GEG) reports a sharp swing to a net loss of $36.9 million for the year ended June 30, 2026, versus net income of $15.6 million a year earlier. Revenue rose 70% to $27.8 million, driven mainly by Real Estate property sales and growth in the construction management business after the Greenfield CRE acquisition.
The loss stems largely from significant unrealized losses on three special purpose vehicles, a listed equity investment, and a private fund, reversing large unrealized gains in 2025. GEG manages about $770.6 million in assets across Alternative Credit and Industrial Outdoor Storage–focused real estate vehicles, and held $53.5 million in cash plus $32.6 million in investments at June 30, 2026, alongside $26.9 million of 7.25% notes due 2027 and $36.8 million of 5.0% Convertible Senior Notes due 2030. Management states it has sufficient liquidity for at least the next 12 months and highlights federal and state NOL carryforwards that may offset future taxable income.
Northern Right Capital–affiliated funds reported internal rebalancing of their Great Elm Group common stock and convertible note holdings. Northern Right Capital (QP), L.P. transferred 7,887 common shares at $2.18 per share and $13,087 principal of 5.0% Convertible Senior PIK Notes due 2030 to Northern Right Long Only Master Fund LP.
After these transfers, Northern Right QP, NRC LO and managed accounts advised by Northern Right Capital Management collectively beneficially own 4,243,168 shares of Great Elm Group common stock. Northern Right QP, NRC LO and Matthew A. Drapkin also entered a Forbearance Agreement with the company to forbear converting the notes into common stock until July 15, 2027.
Northern Right Capital Management, related funds and BC Advisors, LLC, together with Matthew A. Drapkin, report aggregate beneficial ownership of 6,211,072 shares of Great Elm Group, Inc. common stock, representing 19.1% of the outstanding shares as of July 13, 2026. This percentage is based on 32,539,020 shares, including 31,357,008 shares outstanding as of April 30, 2026 and 1,182,012 shares that could be issued upon maximum conversion of certain PIK Notes held by the Managed Accounts.
Northern Right QP, NRC LO and Mr. Drapkin hold PIK Notes with principal amounts of $2,745,290, $1,016,880 and $342,021, respectively, convertible into 790,648, 292,863 and 98,502 shares of common stock if converted. Under a Forbearance Agreement dated July 10, 2026, they irrevocably agree to forbear from converting these PIK Notes (and any additional PIK Notes issued under them) into common stock until July 15, 2027, so the related conversion shares are not treated as beneficially owned for Northern Right QP, NRC LO, Mr. Drapkin, BCA or NRC Fund GP.
Great Elm Group, Inc. insider Jason W. Reese reported a non-market transfer of shares. He made a bona fide gift of 99,637 shares of Common Stock at no consideration to a charitable giving fund, leaving him with 1,004,327 shares held directly after the transaction. The filing also shows 6,379,646 shares of Common Stock held indirectly through Long Ball Partners LLC, Imperial Capital Asset Management, LLC, and Imperial Capital Group Holdings II, LLC, over which Mr. Reese has voting and dispositive power, while each party disclaims beneficial ownership except to the extent of its pecuniary interest.