Mark Alan Mason - May 30, 2023 Form 4 Insider Report for Guerrilla RF, Inc. (GUER)

Role
Chief Operating Officer
Signature
/s/ Corey Martens, Attorney-in-Fact
Stock symbol
GUER
Transactions as of
May 30, 2023
Transactions value $
$1,017
Form type
4
Date filed
6/1/2023, 01:15 PM
Previous filing
Jan 5, 2023
Next filing
Feb 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GUER Common Stock Purchase $1.02K +225 $4.52 225 May 30, 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 12.5K May 30, 2023 Common Stock 12.5K Direct F1, F2, F7
holding GUER Restricted Stock Unit 2.76K May 30, 2023 Common Stock 2.76K Direct F1, F3, F7
holding GUER Restricted Stock Unit 2.17K May 30, 2023 Common Stock 2.17K Direct F1, F4, F7
holding GUER Stock Option 24.6K May 30, 2023 Common Stock 24.6K $2.22 Direct F5
holding GUER Stock Option 1.77K May 30, 2023 Common Stock 1.77K $3.18 Direct F6
* 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) 4,167 on 1/1/2024; (ii) 4,167 on 1/1/2025; and (iii) 4,166 on 1/1/2026, in each case subject to the Reporting Person's continued service through the applicable vesting date.
F3 The restricted stock units vest as follows: (i) 919 on 7/22/2023; (ii) 919 on 7/22/2024; and (iii) 920 on 7/22/2025, in each case subject to the Reporting Person's continued service through the applicable vesting date.
F4 The restricted stock units vest as follows: (i) 722 on 2/21/2023; (ii) 722 on 2/21/2024; and (iii) 723 on 2/21/2025, in each case subject to the Reporting Person's continued service through the applicable vesting date.
F5 18,464 of the shares subject to the option have vested, and the remaining shares vest on July 22, 2023, subject to the Reporting Person's continued service as of such vesting date.
F6 1,182 of the shares subject to the option are vested, and the remaining shares vest on July 22, 2023, subject to the Reporting Person's continued service as of such vesting date.
F7 No expiration date.

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.