John Berg - Jan 30, 2024 Form 4 Insider Report for Guerrilla RF, Inc. (GUER)

Role
Chief Financial Officer
Signature
/s/ John Berg, Attorney-in-Fact
Stock symbol
GUER
Transactions as of
Jan 30, 2024
Transactions value $
$0
Form type
4
Date filed
2/1/2024, 03:41 PM
Previous filing
Jan 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding GUER Common Stock 33K Jan 30, 2024 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
transaction GUER Restricted Stock Unit Award $0 +17.7K $0.00 17.7K Jan 30, 2024 Common Stock 17.7K Direct F1, F6, F7
holding GUER Restricted Stock Unit 8.33K Jan 30, 2024 Common Stock 8.33K Direct F1, F2, F6
holding GUER Restricted Stock Unit 1.45K Jan 30, 2024 Common Stock 1.45K Direct F1, F4, F6
holding GUER Stock Option 6.16K Jan 30, 2024 Common Stock 6.16K $1.44 Direct F5
holding GUER Stock Option 4.27K Jan 30, 2024 Common Stock 4.27K $1.92 Direct F5
holding GUER Stock Option 2.07K Jan 30, 2024 Common Stock 2.07K $2.22 Direct F5
holding GUER Stock Option 1.48K Jan 30, 2024 Common Stock 1.48K $3.18 Direct F5
holding GUER Restricted Stock Unit 1.75K Jan 30, 2024 Common Stock 1.75K Direct F1, F3, 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 1/1/2025; and (ii) 4,167 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) 876 on 12/6/2024; and (ii) 877 on 12/6/2025, 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 2/21/2024; and (ii) 723 on 2/21/2025, in each case subject to the Reporting Person's continued service through the applicable vesting date.
F5 The shares subject to the option are fully vested and exercisable.
F6 No expiration date.
F7 The restricted stock units vest as follows: (i) 5,896 on 1/1/2025; (ii) 5,896 on 1/1/2026; and (iii) 5,897 on 1/1/2027, in each case subject to the Reporting Person's continued service through the applicable vesting 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.