BELL DAVID B 4

What Happened David B. Bell, a director of Guerrilla RF, was granted a derivative award on May 15, 2026 for 15,625 shares. The grant is reported as an award/acquisition (code A) with an acquisition price of $0 (derivative security). The filing notes the shares subject to the option are fully vested and exercisable.

Key Details

• Transaction date: 2026-05-15; filing date (Form 4): 2026-05-19 (filed within the required reporting window).
• Instrument: Derivative award (reported as an award/grant, code A); reported per-share acquisition price: $0.
• Shares granted: 15,625.
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Footnote: The shares subject to the option are fully vested and exercisable.
• No indication in the filing excerpt of a sale, exercise-for-cash, tax withholding, or 10b5-1 plan.

Context This was a compensation-related equity award (derivative), not an open-market purchase or sale. Such grants are common for directors as part of compensation and do not necessarily indicate immediate buying or selling intent; because the shares/options are fully vested and exercisable, Bell could potentially exercise or sell them according to company policies and securities laws.