John-Williams Michael 4

What Happened
Michael John‑Williams, Chief Financial Officer of Guerrilla RF (GUER), was awarded restricted stock units (RSUs) in two grants: 46,534 RSUs on 2025‑11‑17 and 32,500 RSUs on 2026‑05‑15, for a total of 79,034 RSUs. These are derivative awards with a reported acquisition price of $0 (i.e., compensation awards, not an open‑market purchase). RSUs convert into common shares only upon vesting per the vesting schedule below.

Key Details

• Transaction dates and reported filing: grants dated 2025‑11‑17 and 2026‑05‑15; Form 4 filed 2026‑05‑19 reporting the 5/15/2026 transaction. (Note: Form 4 is generally due within 2 business days of the reportable transaction; this filing was 4 days after the 5/15 date.)
• Awarded amounts: 46,534 RSUs (11/17/2025) and 32,500 RSUs (5/15/2026) — total 79,034 RSUs; acquisition price reported $0 (derivative award).
• Shares owned after transaction: not specified in the provided excerpt.
• Relevant footnotes from the filing:
  • F1: Each RSU is a contingent right to one share upon vesting.
  • F2: The RSUs vest in installments (512 units on 6/8/2026 and monthly thereafter through 12/8/2028; 523 units on 1/8/2029), subject to continued service.
  • F3: No expiration date for the RSUs.
  • F4/F5: The filing also discloses option holdings/vesting schedules (15,509 options already vested; remaining options vest on stated future dates) — these relate to separate option awards disclosed in the same filing.

Context

• These transactions are awards (code "A") — common for executive compensation and not the same as a market purchase (bullish) or sale (liquidation). They represent potential future shares if and when vesting conditions are met.
• Because RSUs vest over time and require continued service, they primarily reflect compensation structure rather than an immediate trading view by the insider.
• Monitor vesting dates and any subsequent Form 4 filings if shares are delivered or sold upon vesting.