What did Great Elm's Board approve in the fourth quarter of 2026?

The Board approved a $15 million increase to the stock repurchase program, raising the total authorization to $40 million for open-market repurchases of the company's common stock.

How much has Great Elm repurchased so far under this program?

As of August 24, 2026, the company has repurchased approximately 8.1 million shares at an average price of $2.00 per share, equating to $16.1 million. This leaves approximately $23.9 million of remaining authorization.

Why did Great Elm repurchase shares in the fourth quarter despite reporting a net loss?

CEO Jason Reese stated the repurchases reflect management's conviction in the intrinsic value of Great Elm. The fiscal 2026 net loss of $35.4 million was primarily driven by unrealized losses on GECC investments, not operational deterioration. The company maintains a strong balance sheet with $53.5 million in cash and equivalents.

For how long has Great Elm been executing share repurchases?

Great Elm has repurchased shares for eleven consecutive quarters, demonstrating a sustained commitment to returning capital through buybacks even as market conditions and valuation have fluctuated.

How does the repurchase mechanism work?

Great Elm executes repurchases through open-market purchases under Rule 10b-18, which provides a safe harbor for timing, pricing, and volume. The company has discretion to repurchase shares opportunistically within the authorized amount and regulatory constraints.

What is the current status of the remaining authorization capacity?

Approximately $23.9 million remains available under the $40 million total authorization as of August 24, 2026. The company has stated this capacity will support future share repurchases as management identifies strategic opportunities to deploy capital.

GEGGL 8-K Filed 2026-08-26 Amendment

Great Elm Group increases stock repurchase authorization by $15M to $40M total

Company has already repurchased 8.1M shares at $2.00 average price; $23.9M remains under expanded program

Remaining$24M

MechanismRule 10b-18 open-market purcha

What the filing says

Great Elm Group, Inc. (NASDAQ: GEG) announced that its Board of Directors approved a $15 million increase to the Company's stock repurchase program in the fiscal fourth quarter of 2026, authorizing the repurchase of up to $40 million in aggregate of its outstanding common stock in the open market.

As of August 24, 2026, Great Elm has repurchased approximately 8.1 million shares at an average price of $2.00 per share, totaling $16.1 million since the initiation of the repurchase program. This leaves approximately $23.9 million of remaining capacity for future repurchases. During the fourth quarter alone, the company repurchased approximately 0.3 million shares (roughly 1% of shares outstanding) at an average price of $2.18 per share.

The repurchase represents the eleventh consecutive quarter of share buybacks by Great Elm, reflecting management's conviction in the intrinsic value of the company. The program executes through open-market purchases under Rule 10b-18.

In the fiscal fourth quarter of 2026, GEG's Board of Directors approved a $15 million increase to the Company's stock repurchase program, authorizing the repurchase of up to $40 million in aggregate of its outstanding common stock in the open market. — Great Elm Group, Inc. 8-K filing · View on SEC EDGAR →

What this means

Great Elm's $15 million program expansion increases its total authorization to $40 million, with nearly $24 million remaining after $16.1 million in cumulative repurchases since initiation. The company has executed buybacks in eleven consecutive quarters, reducing outstanding shares by roughly 8.1 million. At the current stock price of approximately $2.00 per share and with a market cap substantially larger than the remaining authorization, this represents a modest but consistent capital return program. The buybacks occur against a backdrop of fiscal 2026 net losses driven largely by mark-to-market declines in GECC holdings, suggesting management views the stock as undervalued at current levels despite near-term headwinds.

Frequently asked questions

What did Great Elm's Board approve in the fourth quarter of 2026?: The Board approved a $15 million increase to the stock repurchase program, raising the total authorization to $40 million for open-market repurchases of the company's common stock.
How much has Great Elm repurchased so far under this program?: As of August 24, 2026, the company has repurchased approximately 8.1 million shares at an average price of $2.00 per share, equating to $16.1 million. This leaves approximately $23.9 million of remaining authorization.
Why did Great Elm repurchase shares in the fourth quarter despite reporting a net loss?: CEO Jason Reese stated the repurchases reflect management's conviction in the intrinsic value of Great Elm. The fiscal 2026 net loss of $35.4 million was primarily driven by unrealized losses on GECC investments, not operational deterioration. The company maintains a strong balance sheet with $53.5 million in cash and equivalents.
For how long has Great Elm been executing share repurchases?: Great Elm has repurchased shares for eleven consecutive quarters, demonstrating a sustained commitment to returning capital through buybacks even as market conditions and valuation have fluctuated.
How does the repurchase mechanism work?: Great Elm executes repurchases through open-market purchases under Rule 10b-18, which provides a safe harbor for timing, pricing, and volume. The company has discretion to repurchase shares opportunistically within the authorized amount and regulatory constraints.
What is the current status of the remaining authorization capacity?: Approximately $23.9 million remains available under the $40 million total authorization as of August 24, 2026. The company has stated this capacity will support future share repurchases as management identifies strategic opportunities to deploy capital.

amendment authorization rule-10b-18 open-market asset-manager mid-cap

Source. This editorial summary is based on the SEC filing linked above. BuybackStocks aggregates and editorializes publicly available SEC EDGAR filings. Not investment advice. Past authorization announcements do not guarantee future repurchase activity or share price performance. See our full disclosures policy.