Great Elm Capital Corp. insider trading

Every open-market purchase and sale by Great Elm Capital Corp.'s officers, directors and largest shareholders since November 4, 2021, and what the share price did next.

Insider purchases, 5 years $150,126 1 trade by 1 insider 3 months later: median −11.0% (−14.2% vs S&P 500) Insider sales, 5 years $45,903 2 trades by 1 insider 3 months later: median −37.7% (−42.5% vs S&P 500)

Insider purchase Insider sale Marker size reflects trade value. Weekly closes adjusted for splits; may be delayed.

Great Elm Capital Corp. insider open-market trades
Date	Insider	Trade	Shares	Price	Value	1M after	3M after	6M after

From insiders' Form 4 filings with the SEC: open-market purchases and sales only (awards, option exercises and shares withheld for tax are excluded), combined to one line per insider per day. "Plan" marks trades the filing says were made under a pre-set Rule 10b5-1 trading plan, which are scheduled in advance. Price changes run from the close on the trade date; hover a figure for the change relative to the S&P 500. Past moves don't predict future ones.

Does following Great Elm Capital Corp.’s insiders pay?

From September 18, 2017 to November 10, 2025, 14 insiders reported 38 open-market purchases and 65 sales not made under a pre-set plan in Great Elm Capital Corp. Twelve months after each purchase was reported, the shares were −24.0% against the S&P 500 on average (median −12.8%), over 37 purchases with a full year of prices; 11% beat the index. After sales, the shares moved −29.0% against the index over 12 months (a negative figure means selling was the right call). Buying each purchase the day after it was reported, an equal amount each, held 12 months or until that insider reported a sale, would have turned $10,000 on November 14, 2017 into $3,799 by November 2, 2026, −10.3% a year. It held shares 86% of the time; the S&P 500 on those same days, with Treasury bills otherwise, made $28,199 (+12.3% a year), and held throughout $33,688 (+14.6%).

Copying Great Elm Capital Corp.'s insidersS&P 500, same days investedS&P 500, held throughout $10,000 copying every open-market purchase by Great Elm Capital Corp.'s insiders from November 14, 2017, before costs and taxes, marked weekly. Uninvested money earns the Treasury bill rate; the portfolio held shares 86% of the time.

Great Elm Capital Corp.: each insider's record
Insider	Role	Purchases	12 months after their purchases	Beat the S&P 500	Sales	12 months after their sales	Latest report
Steinberg David J.	10% owner	0	—	—	30	−18.5% (30)	June 7, 2019
Mast Capital Management, LLC	10% owner	0	—	—	24	−27.8% (24)	June 4, 2019
Great Elm Strategic Partnership I, LLC	10% owner	0	—	—	11	−60.3% (11)	September 26, 2025
Reed Peter A	President and CEO	8	−31.6% (8)	0%	0	—	August 28, 2019
Drapkin Matthew A	Director	5	−12.9% (5)	40%	0	—	September 17, 2024
Horsey Randall Revell	Director	4	−21.6% (4)	0%	0	—	August 29, 2019
Kaplan Matthew D	CEO and President	4	−7.9% (3)	33%	0	—	November 10, 2025
Kleinman Adam M	Chief Compliance Officer	4	−33.5% (4)	0%	0	—	November 21, 2019
Kuperschmid Mark	Director	4	−1.9% (4)	25%	0	—	May 16, 2023
Cohen Richard M	Director	3	−47.4% (3)	0%	0	—	June 12, 2025
Speller Michael C	Director	3	−29.6% (3)	0%	0	—	November 21, 2019
Great Elm Group, Inc.	10% owner	1	−17.6% (1)	0%	0	—	November 21, 2023
Perry Chad	Director	1	−57.7% (1)	0%	0	—	June 5, 2025
Sell Michael J.	See Remarks	1	−12.8% (1)	0%	0	—	November 13, 2017

Moves are the shares’ return including dividends minus the S&P 500’s, from the close on the first trading day after each report; the number of trades with a finished 12-month window is in brackets. Green means the trade went the insider’s way (a purchase ahead of the index, a sale followed by the shares trailing it). A trade reported both by a director or officer and by a fund or company they are linked to counts once here, under the person. Purchases count only where the share price actually traded was at least $5. These figures describe what the shares did, not why anyone traded. Insiders across all companies.

When several insiders traded Great Elm Capital Corp.

Months when 2 or more insiders became net buyers, or 3 or more net sellers, of Great Elm Capital Corp. in reports dated in the 91 days before the month end, and how the stock did against the S&P 500 from that month end. After the 6 buying crowds with six months of prices, it averaged −7.3% against the index. One company's history is too short to judge by; the test across every company is the better guide.

Month	Crowd	3 months on, vs S&P 500	6 months	12 months
June 30, 2025	2 buying	−3.5%	−42.5%	−60.7%
May 31, 2023	2 buying	+24.3%	+28.0%	+20.7%
March 31, 2022	2 buying	+4.8%	−11.6%	−20.1%
August 30, 2019	3 buying	−9.8%	−19.2%	−59.7%
November 30, 2018	5 buying	+2.7%	+7.2%	−8.1%
November 30, 2017	3 buying	−7.1%	−5.8%	−12.4%

Colours show whether the crowd was right: green when buyers were followed by a rise above the index, or sellers by a fall below it. Total returns from the month end; past patterns are not a forecast.

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