Kellie Hyon-Ok Chong - 30 Jan 2024 Form 4 Insider Report for Guerrilla RF, Inc. (GUER)

Role
Chief Business Officer
Signature
/s/ John Berg, Attorney-in-Fact
Issuer symbol
GUER
Transactions as of
30 Jan 2024
Net transactions value
$0
Form type
4
Filing time
01 Feb 2024, 15:44:28 UTC
Previous filing
05 Jan 2023
Next filing
18 Nov 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding GUER Common Stock 4,804 30 Jan 2024 See footnote. F1
holding GUER Common Stock 4,166 30 Jan 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 +17,689 $0.000000 17,689 30 Jan 2024 Common Stock 17,689 Direct F2, F4, F6
holding GUER Restricted Stock Unit 8,334 30 Jan 2024 Common Stock 8,334 Direct F2, F3, F4
holding GUER Stock Option 21,667 30 Jan 2024 Common Stock 21,667 $12.00 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the Reporting Person's proportionate pecuniary interest in the 24,016 shares of common stock held directly by Ninth Technology, LLC ("Ninth Technology"). The Reporting Person is a member and manager of Ninth Technology. The Reporting Person disclaims beneficial ownership of the shares held by Ninth Technology except to the extent of her proportionate pecuniary interest therein.
F2 Each restricted stock unit represents a contingent right to receive one share of common stock upon vesting of the unit.
F3 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.
F4 No expiration date.
F5 Represents shares of common stock granted under the Company's 2021 Equity Incentive Plan. The shares subject to the option will vest in four equal annual installments beginning on January 24, 2023, subject to the Reporting Person's continued service to the Company on each vesting date.
F6 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.