Kellie Hyon-Ok Chong - 03 Jan 2023 Form 4 Insider Report for Guerrilla RF, Inc. (GUER)

Signature
/s/ Corey Martens, Attorney-in-Fact
Issuer symbol
GUER
Transactions as of
03 Jan 2023
Net transactions value
$0
Form type
4
Filing time
05 Jan 2023, 08:48:45 UTC
Previous filing
25 Mar 2022
Next filing
01 Feb 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding GUER Common Stock 28,819 03 Jan 2023 See footnote. F1

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 Award $0 +75,000 $0.000000 75,000 03 Jan 2023 Common Stock 75,000 Direct F2, F3, F4
holding GUER Stock Option 130,000 03 Jan 2023 Common Stock 130,000 $2.00 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the Reporting Person's proportionate pecuniary interest in the 144,094 shares of common stock held directly by Ninth Technology, LLC ("Ninth Technology"). The Reporting Person is a member and manager of Ninth Technology. The Reporting Person disclaims beneficial ownership of the shares held by Ninth Technology except to the extent of her proportionate pecuniary interest therein.
F2 Each restricted stock unit represents a contingent right to receive one share of common stock upon vesting of the unit.
F3 The restricted stock units vest as follows: (i) 25,000 on 1/1/2024; (ii) 25,000 on 1/1/2025; and (iii) 25,000 on 1/1/2026, in each case subject to the Reporting Person's continued service through the applicable vesting date.
F4 No expiration date.
F5 Represents shares of common stock granted under the Company's 2021 Equity Incentive Plan. The shares subject to the option will vest in four equal annual installments beginning on January 24, 2023, subject to the Reporting Person's continued service to the Company on each vesting date.