| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| holding | GUER | Stock Option | Oct 22, 2021 | Common Stock | 281K | $0.34 | Direct | F1, F2 | ||||||
| holding | GUER | Stock Option | Oct 22, 2021 | Common Stock | 23.9K | $0.24 | Direct | F2 | ||||||
| holding | GUER | Stock Option | Oct 22, 2021 | Common Stock | 29.5K | $0.32 | Direct | F2 | ||||||
| holding | GUER | Stock Option | Oct 22, 2021 | Common Stock | 12.4K | $0.37 | Direct | F3 |
| Id | Content |
|---|---|
| F1 | On October 22, 2021, the Issuer's wholly-owned subsidiary, Guerrilla RF Acquisition Co. ("Acquisition Sub"), merged with and into Guerrilla RF, Inc., a privately held Delaware corporation ("Guerrilla RF"). Pursuant to this transaction (the "Merger"), Guerrilla RF was the surviving corporation and became the Issuer's wholly owned subsidiary, and all of the outstanding stock of Guerrilla RF was converted into shares of the Issuer's common stock. All of Guerrilla RF's outstanding options were assumed by the Issuer. As a result of the Merger, each of Guerrilla RF's shares of capital stock issued and outstanding immediately prior to the closing of the Merger was converted into the right to receive approximately 2.95 shares of the Issuer's common stock. Following the consummation of the Merger, Guerrilla RF changed its name to "Guerrilla RF Operating Corporation", and the Issuer changed its name to "Guerrilla RF, Inc." |
| F2 | The shares subject to the option are fully vested and exercisable. |
| F3 | 4,136 of the shares subject to the option vested on February 17, 2020, 4,136 of the shares subject to the option vested on February 17, 2021, and the remainder vest in one installment on February 17, 2022, subject to the Reporting Person's continued service as of such vesting date. |
Exhibit List: Exhibit 24 - Power of Attorney