Great Elm Group (GEG) awards director 26,531 restricted stock award

Rhea-AI Filing Summary

Great Elm Group director Nathan Lloyd reported a new equity award. On January 8, 2026, he was granted 26,531 shares of Great Elm Group common stock at a price of $0 per share. These are restricted shares that vest in equal quarterly installments at the end of each quarter from March 31, 2026 through December 31, 2026, and the award depends on his continued service on the company’s board of directors. After this grant, Lloyd beneficially owned 49,348 shares of Great Elm Group common stock directly.

Insider Trade Summary

Net Buyer: 26,531 shares

Net Buy 1 txn

Insider Nathan Lloyd

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	26,531	$0.00	$0.00

Holdings After Transaction: Common Stock — 49,348 shares (Direct)

Footnotes (1)

1. F1. The Reporting Person was awarded 26,531 shares of restricted stock, which vest in equal quarterly installments on the end of each quarter beginning on March 31, 2026 through December 31, 2026, contingent upon continued service as a member of the board of directors of Great Elm Group, Inc. ("GEG").

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 01/12/2026 - 09:13 PM Learn about SEC filing dates

FAQ

What does the latest Form 4 for GEG report?

The Form 4 reports that director Nathan Lloyd received an award of 26,531 shares of Great Elm Group common stock on January 8, 2026, as restricted stock granted for his board service.

Who is the insider involved in this Great Elm Group (GEG) Form 4?

The reporting person is Nathan Lloyd, who is identified as a director of Great Elm Group, Inc.

How many Great Elm Group shares did Nathan Lloyd receive and at what price?

Nathan Lloyd was granted 26,531 shares of Great Elm Group common stock at a reported price of $0 per share, reflecting an equity compensation award rather than an open-market purchase.

What are the vesting terms of Nathan Lloyd’s 26,531-share award at GEG?

The 26,531 restricted shares vest in equal quarterly installments at the end of each quarter from March 31, 2026 through December 31, 2026, contingent on his continued service on the board of directors.

How many Great Elm Group shares does Nathan Lloyd own after this transaction?

Following the reported grant, Nathan Lloyd beneficially owned 49,348 shares of Great Elm Group common stock in direct ownership.

Is the Great Elm Group Form 4 transaction a purchase, sale, or award?

The Form 4 shows a transaction code “A”, indicating an acquisition of shares. The footnote explains this was an award of restricted stock tied to his role as a director, not an open-market trade.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Nathan Lloyd

(Last) (First) (Middle)

3801 PGA BOULEVARD

SUITE 603

(Street)

PALM BEACH GARDENS FL 33410

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Great Elm Group, Inc. [ GEG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/08/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	01/08/2026		A		26,531	A	$0	49,348	D(1)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The Reporting Person was awarded 26,531 shares of restricted stock, which vest in equal quarterly installments on the end of each quarter beginning on March 31, 2026 through December 31, 2026, contingent upon continued service as a member of the board of directors of Great Elm Group, Inc. ("GEG").

	/s/ Adam M. Kleinman, attorney-in-fact	01/12/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.