Guerrilla RF Director Gary L. Smith Receives Award of 14,164 Shares

What Happened

• Gary L. Smith, a director of Guerrilla RF, was granted a derivative award covering 14,164 shares on 2026-08-14. The transaction is reported as an acquisition/award (derivative) at an exercise/price of $0.00, so no cash was paid at grant and the reported value is $0.

Key Details

• Transaction date: 2026-08-14; filing date: 2026-08-18.
• Reported terms: 14,164 shares; price shown as $0.00 (derivative security).
• Shares owned after transaction: Not specified in the reported data provided here.
• Footnotes included in the filing:
  • F1: "The shares subject to the option are fully vested and exercisable."
  • F2: The option is immediately exercisable but subject to the issuer's right of repurchase for shares issued upon exercise prior to vesting; the option vests on the earlier of (i) the first anniversary of the grant and (ii) the issuer's next annual meeting (expected June 9, 2027), subject to continued service.
• Filing timeliness: The Form 4 was filed four days after the transaction (SEC Form 4 reports are generally due within two business days), which could mean the filing missed the usual reporting window.

Context

• This is a derivative award (an option/award convertible into shares). The filing does not show an immediate sale of shares (no cashless exercise or disposition reported), so this is not a sale signal.
• Awards and option grants are common for directors as compensation; they are informative but not a direct buy/sell decision by the insider.
• Retail investors should treat this as insider compensation rather than a clear bullish or bearish trade unless the insider subsequently buys or sells shares.