Dunn James E. Jr. 4

What Happened James E. Dunn Jr., a director of Guerrilla RF (GUER), reported two transactions. On 2026-05-13 he purchased 3,335 shares in an open-market buy at $3.00 per share for a total of $10,005. On 2026-05-15 he acquired a 15,625-share derivative award (reported at $0.00)—the filing’s footnote indicates these are shares subject to an option that are fully vested and exercisable.

Key Details

• Transactions: 2026-05-13 open-market purchase of 3,335 shares @ $3.00 ($10,005); 2026-05-15 derivative acquisition of 15,625 shares @ $0.00 (reported as an award/option).
• Filing: Form 4 filed with the SEC on 2026-05-19. The May 13 purchase appears to have been filed late (filed 4 calendar days after the trade); the May 15 award was filed within the typical two-business-day window for that transaction.
• Ownership/recording: Footnote states shares and warrants are held of record by the James E. Dunn, Jr. Restated 1985 Revocable Trust for his benefit.
• Vesting: Footnote indicates the shares subject to the option are fully vested and exercisable.
• Shares owned after the transactions: not specified in the provided filing excerpt.

Context

• Purchases by insiders (open-market buys) are often of interest to retail investors as a direct cash purchase; this one was small ($10k) and should be viewed as routine insider buying rather than proof of a major shift in sentiment.
• The 15,625-share entry is a derivative award (likely option-related per the footnote). Because the award is vested and exercisable, Dunn can convert those derivative rights into shares subject to the option’s terms; the filing does not show an immediate sale (no cashless exercise/sale reported).
• Holdings through a revocable trust are common and do not by themselves indicate trading intent.