SCHEDULE 13D/A

Great Elm Group Inc

Common Stock, $0.001 Par Value · CUSIP: 39037G109

Event date: 2025-07-15

Reporting persons may disclose overlapping interests. Their amounts are shown individually and are not added into a filing total.

Filing-level shares

Unavailable

Percent of class

Unavailable

• Northern Right Capital Management, L.P.Reported CIK 0001346543

  Shares: 5,368,223 · Class: 18.5%

• Northern Right Capital (QP), L.P.Reported CIK 0001451722

  Shares: 1,662,331 · Class: 5.7%

• Northern Right Long Only Master Fund LPReported CIK 0002052537

  Shares: 617,147 · Class: 2.1%

• Northern Right Fund GP LLCReported CIK 0002053060

  Shares: 617,147 · Class: 2.1%

• BC Advisors LLCReported CIK 0001349003

  Shares: 5,368,223 · Class: 18.5%

• Drapkin Matthew AReported CIK 0001458693

  Shares: 6,026,001 · Class: 20.7%

Amounts are as disclosed in this filing. Schedule type alone does not establish investment intent.