Great Elm Group, Inc.
For the period ended Mar 31, 2026. Filed May 6, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 6, 2026
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Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.
In July 2025, the Board authorized an increase in the Company’s stock repurchase plan from $20 million to $25 million. Such repurchases may be accomplished through a Rule 10b5-1 plan, which sets certain restrictions on the method, timing, price and volume of share repurchases. The repurchase program does not obligate the Company to acquire any specific number of shares.
In December 2025, the Company adopted a Rule 10b5-1 plan under the Exchange Act authorizing us to repurchase up to 4,000,000 shares of our common stock in open market transactions through the close of business on the second full trading day following the filing with the SEC of the Company's Form 10-Q for the quarter ended December 31, 2025 unless extended or terminated by our Board. This Rule 10b5-1 plan expired on February 6, 2026.
In March 2026, the Company adopted a Rule 10b5-1 plan under the Exchange Act authorizing us to repurchase up to 5,000,000 shares of our common stock in open market transactions through the close of business on the second full trading day following the filing with the SEC of the Company's Form 10-Q for the quarter ended March 31, 2026 unless extended or terminated by our Board.
In April 2026, the Board authorized an increase in the Company’s stock repurchase plan from $25 million to $40 million. Such repurchases may be accomplished through a Rule 10b5-1 plan, which sets certain restrictions on the method, timing, price and volume of share repurchases. The repurchase program does not obligate the Company to acquire any specific number of shares. As of May 4, 2026, approximately $25 million remained available to repurchase shares under the program.
The following table summarizes common stock repurchases during the three months ended March 31, 2026:
| Month | Total Number of Shares Purchased(1) | Average Price Paid Per Share | Total Number of Shares Purchased as Part of 10b5-1 Plans | Maximum Number of Shares that May Yet Be Purchased Under the Plans or Programs |
|---|---|---|---|---|
| January 1-31, 2026 | 17,450 | $2.44 | 17,450 | - |
| February 1-28, 2026 | 322,967 | 2.02 | 5,000 | - |
| March 1-31, 2026 | 1,030,930 | 2.01 | 72,819 | 4,927,181 |
| Total | 1,371,347 | $2.04 | 95,269 |
(1)All shares were purchased in open market transactions.
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