Alvin M. Bodford - Sep 5, 2023 Form 4 Insider Report for Guerrilla RF, Inc. (GUER)

Role: Beneficial Owner, 10%+ Owner
Signature: /s/ Corey M. Martens, Attorney-in-Fact
Stock symbol: GUER
Transactions as of: Sep 5, 2023
Transactions value $: $0
Form type: 4
Date filed: 9/8/2023, 02:41 PM
Previous filing: Aug 18, 2023
Next filing: Apr 1, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GUER	Common Stock	Discretionary transaction in accordance with Rule 16b-3(f) resulting in acquisition or disposition of issuer securities		+311K	+20.49%		1.83M	Sep 5, 2023	See Footnote 2.	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On September 5, 2023, Guerrilla RF, Inc. (the "Company") entered into an amended and restated loan agreement with Salem Investment Partners V, Limited Partnership ("Salem") in order to provide for additional advances of up to $4.0 million to be made to the Company (the "New Loan Facility"). The Company agreed to issue 660,000 shares of common stock to Salem as partial consideration for the New Loan Facility. AMB Investments LLC ("AMB Investments") owns a 47% participation interest in the New Loan Facility, giving it a pecuniary interest in 311,321 shares of Company common stock.
F2	The Alvin M. Bodford Revocable Trust is the sole member of AMB Investments. The Reporting Person is a Manager of AMB Investments, and the beneficiary of the Trust.

Content

On September 5, 2023, Guerrilla RF, Inc. (the "Company") entered into an amended and restated loan agreement with Salem Investment Partners V, Limited Partnership ("Salem") in order to provide for additional advances of up to $4.0 million to be made to the Company (the "New Loan Facility"). The Company agreed to issue 660,000 shares of common stock to Salem as partial consideration for the New Loan Facility. AMB Investments LLC ("AMB Investments") owns a 47% participation interest in the New Loan Facility, giving it a pecuniary interest in 311,321 shares of Company common stock.

The Alvin M. Bodford Revocable Trust is the sole member of AMB Investments. The Reporting Person is a Manager of AMB Investments, and the beneficiary of the Trust.