Ryan Michael Pratt - 28 Mar 2024 Form 4 Insider Report for Guerrilla RF, Inc. (GUER)

Footnote F1

Shares held of record by the 2021 Irrevocable Trust for Patrick Joseph Pratt u/a dated June 7, 2021, for the benefit of Reporting Person's child. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities on this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the reported securities for purposes of Section 16 of the Exchange Act or for any other purpose.

Footnote F2

Shares held of record by the 2021 Irrevocable Trust for Rachel Katherin Pratt u/a dated June 7, 2021, for the benefit of Reporting Person's child. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities on this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the reported securities for purposes of Section 16 of the Exchange Act or for any other purpose.

Footnote F3

Shares held of record by the 2021 Irrevocable Trust for Nikolas Ryan Pratt u/a dated June 7, 2021, for the benefit of Reporting Person's child. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities on this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the reported securities for purposes of Section 16 of the Exchange Act or for any other purpose.

Footnote F4

Each restricted stock unit represents a contingent right to receive one share of common stock upon vesting of the unit.

Footnote F5

The restricted stock units vest as follows: (i) 8,333 on 1/1/2025; and (ii) 8,334 on 1/1/2026, in each case subject to the Reporting Person's continued service through the applicable vesting date.

Footnote F6

The restricted stock units vest as follows: (i) 256 on 5/4/2024; and (ii) 256 on 5/4/2025, in each case subject to the Reporting Person's continued service through the applicable vesting date.

Footnote F7

The restricted stock units vest as follows: (i) 89 on 2/21/2025, in each case subject to the Reporting Person's continued service through the applicable vesting date.

Footnote F8

The restricted stock units vest as follows: (i) 8,334 on 1/1/2025, in each case subject to the Reporting Person's continued service through the applicable vesting date.

Footnote F9

The restricted stock units vest as follows: (i) 1,389 on 1/1/2025, in each case subject to the Reporting Person's continued service through the applicable vesting date.

Footnote F10

No expiration date.

Footnote F11

The options are fully vested and exercisable.

Footnote F12

The restricted stock units vest as follows: (i) 833 on 8/21/2024; (ii) 833 on 8/21/2025; and (iii) 834 on 8/21/2026, in each case subject to the Reporting Person's continued service through the applicable vesting date.

Footnote F13

The restricted stock units vest as follows: (i) 11,792 on 1/1/2025; (ii) 11,792 on 1/1/2026; and (iii) 11,793 on 1/1/2027, in each case subject to the Reporting Person's continued service through the applicable vesting date.

Footnote F14

In connection with the conversion of existing debt, the reporting person purchased 33,822 units (the "Units"), each Unit consisting of one (1) share of the Company's common stock and one (1) warrant to purchase one share of Common Stock. The purchase price of each Unit was $2.50 per Unit.