Susan Berish Barkal - 20 Jan 2023 Form 4 Insider Report for Guerrilla RF, Inc. (GUER)

Role
Director
Signature
/s/ Corey Martens, Attorney-in-Fact
Issuer symbol
GUER
Transactions as of
20 Jan 2023
Net transactions value
+$52,000
Form type
4
Filing time
23 Jan 2023, 19:29:48 UTC
Previous filing
11 Oct 2022
Next filing
01 Apr 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GUER Common Stock Purchase $52,000 +40,000 $1.30 40,000 20 Jan 2023 Direct F4

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 Warrant Purchase +20,000 20,000 20 Jan 2023 Common Stock 20,000 $2.00 Direct F4, F5
holding GUER Restricted Stock Unit 25,000 20 Jan 2023 Common Stock 25,000 Direct F1, F2, F3
* 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 100% on the earliest of (i) June 2, 2023, subject to the recipient's continued service as a Board member of the Company, (ii) the recipient's death, or (iii) the recipient's disability.
F3 No expiration date.
F4 The reporting person purchased 40,000 units (the "Units"), each Unit consisting of one (1) share of the Company's common stock and one (1) warrant to purchase one-half (0.5) of a share of Common Stock. The purchase price of each Unit was $1.30 per Unit.
F5 Each Warrant is exercisable for a period of five (5) years beginning six (6) months from the date of the final closing of the private placement.