Dunn James E. Jr. 4

What Happened

• James E. Dunn Jr., a director of Guerrilla RF (GUER), exercised stock options on June 11, 2026. He converted option derivatives into 6,155 common shares in three tranches: 2,462 shares at $1.42 ($3,496), 2,464 shares at $1.93 ($4,756), and 1,229 shares at $2.20 ($2,704). Corresponding derivative holdings were reported as disposed at $0.00 (reflecting the option-to-share conversion). The total cash paid for the acquired shares was $10,956. No sales of the acquired shares were reported in this filing.

Key Details

• Transaction date: 2026-06-11 (reported on Form 4 filed 2026-06-15).
• Lots exercised/prices/amounts: 2,462 @ $1.42 ($3,496); 2,464 @ $1.93 ($4,756); 1,229 @ $2.20 ($2,704). Total shares acquired: 6,155; total cash outlay: $10,956.
• Shares owned after transaction: not specified in the provided filing details.
• Footnotes: F1 — shares/warrants held of record by the James E. Dunn, Jr. Restated 1985 Revocable Trust for his benefit; F2 — options were fully vested and exercisable; F3 — transaction was pursuant to exercise of stock options.
• Filing timeliness: Form 4 filed 2026-06-15 for a 2026-06-11 transaction (appears timely relative to the 2-business-day Form 4 requirement).

Context

• This was an option exercise (transaction code M). The filing shows the option derivatives were converted into common shares; there is no indication the shares were immediately sold (i.e., not a cashless exercise/sale reported). Exercises convert vested option rights into stock and involve an outlay to pay the exercise price — here about $11k total. This is a purchase/acquisition of company shares via option exercise; factual reporting only, not a statement about the insider's motives.