John Alen Berg - 08 Apr 2022 Form 4 Insider Report for Guerrilla RF, Inc. (GUER)

Role: Chief Financial Officer
Signature: /s/ John Berg by Corey Martens, Attorney-in-Fact
Issuer symbol: GUER
Transactions as of: 08 Apr 2022
Net transactions value: $0
Form type: 4
Filing time: 12 Apr 2022, 13:56:06 UTC
Previous filing: 10 Nov 2021
Next filing: 17 Nov 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	GUER	Common Stock						143,581	08 Apr 2022	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	GUER	Restricted Stock Unit	Award	$0	+13,000		$0.000000	13,000	08 Apr 2022	Common Stock	13,000		Direct	F1, F2
holding	GUER	Stock Option						36,926	08 Apr 2022	Common Stock	36,926	$0.2400	Direct	F3
holding	GUER	Stock Option						25,604	08 Apr 2022	Common Stock	25,604	$0.3200	Direct	F3
holding	GUER	Stock Option						12,407	08 Apr 2022	Common Stock	12,407	$0.3700	Direct	F4
holding	GUER	Stock Option						8,862	08 Apr 2022	Common Stock	8,862	$0.5300	Direct	F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted stock unit represents the contingent right to receive one share of common stock upon vesting of the unit.
F2	The restricted stock units vest as follows: (i) 4,333 on 2/21/2023; (ii) 4,333 on 2/21/2024; and (iii) 4,334 on 2/21/2025, in each case subject to the recipient's continued service through the applicable vesting date.
F3	The shares subject to the option are fully vested and exercisable.
F4	8,272 of the shares subject to the option are vested, and the remaining shares vest on December 6, 2022, subject to the Reporting Person's continued service as of such vesting date.
F5	2,954 of the shares subject to the option are vested, and the remaining shares vest in two equal annual installments on December 6, 2022 and December 6, 2023, subject to the Reporting Person's continued service as of each such vesting date.