Kellie Hyon-Ok Chong - Jan 3, 2023 Form 4 Insider Report for Guerrilla RF, Inc. (GUER)

Role: Chief Business Officer
Signature: /s/ Corey Martens, Attorney-in-Fact
Stock symbol: GUER
Transactions as of: Jan 3, 2023
Transactions value $: $0
Form type: 4
Date filed: 1/5/2023, 08:48 AM
Previous filing: Mar 25, 2022
Next filing: Feb 1, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	GUER	Common Stock						28.8K	Jan 3, 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	+75K		$0.00	75K	Jan 3, 2023	Common Stock	75K		Direct	F2, F3, F4
holding	GUER	Stock Option						130K	Jan 3, 2023	Common Stock	130K	$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.