Ryan Michael Pratt - 02 Mar 2022 Form 4 Insider Report for Guerrilla RF, Inc. (GUER)

Footnote F1

Shares held of record by the 2021 Irrevocable Trust for Patrick Joseph Pratt u/a dated June 7, 2021, for the benefit of Reporting Person's child. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities on this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the reported securities for purposes of Section 16 of the Exchange Act or for any other purpose.

Footnote F2

Shares held of record by the 2021 Irrevocable Trust for Rachel Katherin Pratt u/a dated June 7, 2021, for the benefit of Reporting Person's child. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities on this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the reported securities for purposes of Section 16 of the Exchange Act or for any other purpose.

Footnote F3

Shares held of record by the 2021 Irrevocable Trust for Nikolas Ryan Pratt u/a dated June 7, 2021, for the benefit of Reporting Person's child. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities on this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the reported securities for purposes of Section 16 of the Exchange Act or for any other purpose.

Footnote F4

Each restricted stock unit represents a contingent right to receive one share of common stock upon vesting of the unit.

Footnote F5

The restricted stock units vest as follows: (i) 50,000 on 1/1/2023; (ii) 50,000 on 1/1/2024; and (iii) 50,000 on 1/1/2025, in each case subject to the recipient's continued service through the applicable vesting date.

Footnote F6

The restricted stock units vest as follows: (i) 8,333 on 1/1/2023; (ii) 8,333 on 1/1/2024; and (iii) 8,334 on 1/1/2025, in each case subject to the recipient's continued service through the applicable vesting date.

Footnote F7

No expiration date.

Footnote F8

The shares subject to the option are fully vested and exercisable.

Footnote F9

2,954 of the shares subject to the option vested on 5/4/2020; 2,954 of the shares subject to the option vested on 5/4/2021; and the remaining shares vest in one installment on 5/4/2022, subject to the holder's continued service as of each vesting date.

Footnote F10

2,659 of the shares subject to the option vested on 5/4/2021; and the remaining shares vest in two equal installments on 5/4/2022 and 5/4/2023, subject to the holder's continued service as of each vesting date.