WILLIAM J. PRATT - 15 May 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
15 May 2023
Net transactions value
+$1,550
Form type
4
Filing time
16 May 2023, 15:41:35 UTC
Previous filing
31 Aug 2022
Next filing
19 May 2023
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 $1,550 +200 +241% $7.75 283 15 May 2023 Held by Spouse
holding GUER Common Stock 100,072 15 May 2023 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
holding GUER Restricted Stock Unit 4,167 15 May 2023 Common Stock 4,167 Direct F1, F2, F3
holding GUER Stock Option 2,462 15 May 2023 Common Stock 2,462 $1.44 Direct F4
holding GUER Stock Option 2,462 15 May 2023 Common Stock 2,462 $1.92 Direct F4
holding GUER Stock Option 1,970 15 May 2023 Common Stock 1,970 $2.22 Direct F4
holding GUER Stock Option 1,970 15 May 2023 Common Stock 1,970 $3.18 Direct F4
* 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 a 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) the first anniversary date of the award, 06/03/2023, subject to the recipient's continued service as a Board member of the Company as of the first anniversary date, (ii) the recipient's death, or (iii) the recipient's disability.
F3 No expiration date.
F4 The shares subject to the option are fully vested and exercisable.

Remarks:

On April 17, 2023, Guerrilla RF, Inc. (the "Company") effected a 1-for-6 reverse stock split of its Common Stock. This Form 4 reflects the beneficial ownership post-stock split, including proportionate adjustments made to the exercise price and the number of shares of Common Stock issuable upon the exercise of outstanding stock options.