SALEM INVESTMENT PARTNERS V, LIMITED PARTNERSHIP - 28 Mar 2024 Form 4 Insider Report for Guerrilla RF, Inc. (GUER)

Role: 10%+ Owner
Signature: /s/ John Berg, Attorney-in-Fact
Issuer symbol: GUER
Transactions as of: 28 Mar 2024
Net transactions value: +$654,308
Form type: 4
Filing time: 01 Apr 2024, 15:58:37 UTC
Previous filing: 15 Sep 2023
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		+261,723	+60%		695,378	28 Mar 2024	Direct	F1, F2

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	Warrant	Purchase	$654,308	+261,723		$2.50	261,723	28 Mar 2024	Common Stock	261,723	$2.50	Direct
holding	GUER	Warrant						48,078	28 Mar 2024	Common Stock	48,078	$12.00	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	In connection with the conversion of existing debt, the reporting person purchased 261,723 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.
F2	Excludes 760,000 shares of common stock held by the Reporting Person, in which the Reporting Person has no pecuniary interest.