DAVID B. BELL - 05 Apr 2023 Form 4 Insider Report for Guerrilla RF, Inc. (GUER)

Role: Director
Signature: /s/ John Berg, Attorney-in-Fact
Issuer symbol: GUER
Transactions as of: 05 Apr 2023
Net transactions value: $0
Form type: 4
Filing time: 01 Apr 2024, 15:39:37 UTC
Previous filing: 07 Jun 2022
Next filing: 07 Jun 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	GUER	Common Stock						6,251	05 Apr 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
transaction	GUER	Restricted Stock Unit	Award	$0	+6,411		$0.000000	6,411	05 Apr 2023	Common Stock	6,411		Direct	F1, F2, F4
holding	GUER	Stock Option						3,693	05 Apr 2023	Common Stock	3,693	$2.22	Direct	F3

* 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 100% on the earliest of (i) April 5, 2024, subject to the recipient's continued service as a Board member of the Company, (ii) the recipient's death, or (iii) the recipient's disability.
F3	The shares subject to the option are fully vested and exercisable.
F4	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.