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

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ John Berg, Attorney-in-Fact
Issuer symbol
GUER
Transactions as of
28 Mar 2024
Net transactions value
+$84,555
Form type
4
Filing time
01 Apr 2024, 15:55:18 UTC
Previous filing
01 Feb 2024
Next filing
28 May 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GUER Common Stock Purchase $84,555 +33,822 +3.7% $2.50 947,844 28 Mar 2024 Direct
holding GUER Common Stock 63,022 28 Mar 2024 By Trust F1
holding GUER Common Stock 63,022 28 Mar 2024 By Trust F2
holding GUER Common Stock 63,022 28 Mar 2024 By Trust F3
holding GUER Common Stock 476 28 Mar 2024 Held by Spouse

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 +35,377 35,377 30 Jan 2024 Common Stock 35,377 Direct F4, F10, F13
transaction GUER Warrant Purchase +33,822 33,822 28 Mar 2024 Common Stock 33,822 $2.50 Direct F14
holding GUER Restricted Stock Unit 512 28 Mar 2024 Common Stock 512 Held by Spouse F4, F6, F10
holding GUER Restricted Stock Unit 89 28 Mar 2024 Common Stock 89 Held by Spouse F4, F7, F10
holding GUER Restricted Stock Unit 8,334 28 Mar 2024 Common Stock 8,334 Direct F4, F8, F10
holding GUER Restricted Stock Unit 1,389 28 Mar 2024 Common Stock 1,389 Direct F4, F9, F10
holding GUER Stock Option 1,477 28 Mar 2024 Common Stock 1,477 $1.44 Held by Spouse F11
holding GUER Stock Option 640 28 Mar 2024 Common Stock 640 $1.92 Held by Spouse F11
holding GUER Stock Option 1,477 28 Mar 2024 Common Stock 1,477 $2.22 Held by Spouse F11
holding GUER Stock Option 1,329 28 Mar 2024 Common stock 1,329 $3.18 Held by Spouse F11
holding GUER Restricted Stock Unit 16,667 28 Mar 2024 Common Stock 16,667 Direct F4, F5, F10
holding GUER Restricted Stock Unit 2,500 28 Mar 2024 Common Stock 2,500 Held by Spouse F4, F10, F12
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.
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.
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.
F4 Each restricted stock unit represents a contingent right to receive one share of common stock upon vesting of the unit.
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.
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.
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.
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.
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.
F10 No expiration date.
F11 The options are fully vested and exercisable.
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.
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.
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.