Ryan Michael Pratt - 03 Jan 2023 Form 4 Insider Report for Guerrilla RF, Inc. (GUER)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Corey Martens, Attorney-in-Fact
Issuer symbol
GUER
Transactions as of
03 Jan 2023
Transactions value $
$0
Form type
4
Filing time
05 Jan 2023, 08:45:55 UTC
Previous filing
17 Nov 2022
Next filing
30 May 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding GUER Common Stock 5,317,467 03 Jan 2023 Direct
holding GUER Common Stock 378,131 03 Jan 2023 By Trust F1
holding GUER Common Stock 378,131 03 Jan 2023 By Trust F2
holding GUER Common Stock 378,131 03 Jan 2023 By Trust F3

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 +150,000 $0 150,000 03 Jan 2023 Common Stock 150,000 Direct F4, F5, F10
holding GUER Restricted Stock Unit 4,600 03 Jan 2023 Common Stock 4,600 Held by Spouse F4, F6, F10
holding GUER Restricted Stock Unit 1,600 03 Jan 2023 Common Stock 1,600 Held by Spouse F4, F7, F10
holding GUER Restricted Stock Unit 150,000 03 Jan 2023 Common Stock 150,000 Direct F4, F8, F10
holding GUER Restricted Stock Unit 25,000 03 Jan 2023 Common Stock 25,000 Direct F4, F9, F10
holding GUER Stock Option 8,862 03 Jan 2023 Common Stock 8,862 $0.24 Held by Spouse F11
holding GUER Stock Option 3,840 03 Jan 2023 Common Stock 3,840 $0.32 Held by Spouse F11
holding GUER Stock Option 8,862 03 Jan 2023 Common Stock 8,862 $0.37 Held by Spouse F11
holding GUER Stock Option 7,976 03 Jan 2023 Common stock 7,976 $0.53 Held by Spouse 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) 50,000 on 1/1/2024; (ii) 50,000 on 1/1/2025; and (iii) 50,000 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) 1,533 on 5/4/2023; (ii) 1,533 on 5/4/2024; and (iii) 1,534 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) 533 on 2/21/2023; (ii) 533 on 2/21/2024; and (iii) 534 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) 50,000 on 1/1/2023; (ii) 50,000 on 1/1/2024; and (iii) 50,000 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) 8,333 on 1/1/2023; (ii) 8,333 on 1/1/2024; and (iii) 8,334 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 shares subject to the option are fully vested and exercisable.
F12 2,659 of the shares subject to the option vested on 5/4/2021; 2,659 of the shares subject to the option vested on 5/2/2022; and the remaining 2,658 shares vest on 5/4/2023, subject to the holder's continued service as of the vesting date.