GREGORY J. THOMPSON - 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, 15:47:41 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 43,015 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, F3
holding GUER Stock Option 4,924 05 Apr 2023 Common Stock 4,924 $2.22 Direct F4
holding GUER Stock Option 1,970 05 Apr 2023 Common Stock 1,970 $3.18 Direct F4
* 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) the first anniversary date of the award, subject to the recipient's continued service as a Board member of the Company as of the first anniversary date, (ii) the recipient's death, or (iii) the recipient's disability.
F3 No expiration date.
F4 The shares subject to the option are fully vested and exercisable.

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.