Guerrilla RF (GUER) Director James E. Dunn Jr. Receives Option Award (14,164)

What Happened

• James E. Dunn Jr., a director of Guerrilla RF, received a grant recorded on Aug 14, 2026: a derivative award covering 14,164 shares at a reported price of $0.00 (an option/award rather than an open-market purchase or sale).
• The filing shows the award as immediately exercisable, but the company retains a repurchase right on shares issued upon exercise prior to vesting. No cash changed hands in the reported grant.

Key Details

• Transaction date: 2026-08-14; Filing date: 2026-08-18 (filed within the usual 2 business-day window).
• Reported amount: 14,164 shares (derivative award), reported price $0.00.
• Shares owned after the transaction: not specified in the Form 4 filing.
• Relevant footnotes from the filing:
  • F1: Some securities are held of record by the James E. Dunn, Jr. Restated 1985 Revocable Trust for the reporting person’s benefit.
  • F2: The filing states the shares subject to the option are fully vested and exercisable.
  • F3: The option is immediately exercisable but is subject to a company repurchase right for shares issued upon exercise prior to vesting; vesting occurs on the earlier of (i) the first anniversary of the grant date or (ii) the issuer’s next annual meeting (expected June 9, 2027), subject to continued service.
• No 10b5-1 plan, tax-withholding sale, or cashless exercise was reported.

Context

• This is a grant/award of derivative securities (an option or similar award), not an open-market buy or sale. For retail investors, grants signal company compensation or retention efforts rather than direct buying/selling for personal liquidity.
• The immediate exercisability combined with the issuer’s repurchase right means the holder can exercise the option now, but the company can repurchase shares issued on exercise until the vesting condition is fully met.