SMITH GARY L /NC/ 4

What Happened Gary L. Smith, a director of Guerrilla RF, Inc. (GUER), was awarded/acquired 15,625 derivative shares on May 15, 2026. The Form 4 reports the acquisition at $0.00 per share (transaction code A), indicating a grant/award of derivative securities rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-15; Form 4 filed: 2026-05-19 (check timeliness vs. the 2-business-day reporting rule).
• Amount: 15,625 derivative shares reported at $0.00 per share.
• Shares owned after transaction: Not specified in the provided filing.
• Footnote: The shares subject to the option are fully vested and exercisable (F1).
• Transaction type: Award/acquisition of derivative securities (not a sale or cash purchase).

Context This reporting reflects a grant or other award of derivative securities (e.g., option/RSU-type award) to a company director. Because the award is fully vested and exercisable per the footnote, Smith could potentially convert or exercise these rights under the plan terms. Awards are often part of compensation and don’t necessarily signal a personal purchase decision; they differ from open-market buys or sales when assessing insider sentiment.