Great Elm Group (GEG) director receives restricted stock grants in 2026

Rhea-AI Filing Summary

Great Elm Group director James P. Parmelee reported equity grants in the form of restricted stock. On January 8, 2026, he was awarded 26,531 shares of common stock and a separate award of 48,980 restricted shares. Both grants 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. The 48,980-share award was taken at his election in lieu of a cash retainer. Following these awards, he beneficially owned 513,442 shares of Great Elm Group common stock.

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

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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^*

Parmelee James P

(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	464,462	D(1)
Common Stock	01/08/2026		A		48,980	A	$0	513,442	D(2)

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").

2. The Reporting Person was awarded 48,980 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 GEG. These shares were awarded at the Reporting Person's election in lieu of a cash retainer.

	/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).
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FAQ

What insider activity did Great Elm Group (GEG) report for James P. Parmelee?

The filing shows that director James P. Parmelee received two grants of restricted common stock on January 8, 2026, totaling 26,531 shares in one award and 48,980 shares in another.

How many Great Elm Group shares did James P. Parmelee own after the reported grants?

After the reported transactions, James P. Parmelee beneficially owned 513,442 shares of Great Elm Group common stock in direct ownership.

What are the vesting terms of the restricted stock awards reported by GEG?

Both restricted stock awards vest in equal quarterly installments at the end of each quarter from March 31, 2026 through December 31, 2026, subject to Parmelee’s continued service on the board.

Were any of the Great Elm Group restricted stock awards in lieu of cash compensation?

Yes. The award of 48,980 restricted shares was granted at James P. Parmelee’s election in lieu of a cash retainer for his service as a director.

Does the Form 4 indicate whether James P. Parmelee is an officer or major shareholder of GEG?

The report identifies James P. Parmelee as a director of Great Elm Group and does not mark him as an officer or a 10% owner.

What type of securities are involved in this Great Elm Group Form 4 filing?

The transactions involve non-derivative securities, specifically restricted shares of Great Elm Group common stock.