ELLIS THOMAS B - 25 Oct 2024 Form 4 Insider Report for Guerrilla RF, Inc. (GUER)

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	GUER	Restricted Stock Unit	Award	$0	+16,667	$0.000000	16,667	25 Oct 2024	Common Stock	16,667		Direct	F1, F4, F5
holding	GUER	Series A Convertible Preferred Stock					7,213,115	25 Oct 2024	Common Stock	7,213,115	$327.87	See Footnotes.	F1, F2, F3
holding	GUER	Common Stock Purchase Warrants					2,885,246	25 Oct 2024	Common Stock	2,885,246	$3.05	See Footnotes.	F2, F3

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

Id	Content
F1	The securities do not have any expiration date.
F2	The reported securities are directly held by NR-PRL Partners, LP, and may be deemed to be indirectly beneficially owned by NR-PRL Partners GP, LLC as the general partner of NR-PRL Partners, LP. The securities may also be deemed to be indirectly beneficially owned by the Reporting Person as a member of NR-PRL Partners GP, LLC.
F3	The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission of beneficial ownership of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, 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 100% on the earliest of (i) May 2, 2025, 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.