Guerrilla RF (GUER) Director David B. Bell Receives 14,164-Share Award

What Happened
David B. Bell, a director of Guerrilla RF, reported a grant (derivative acquisition) of 14,164 shares on 2026-08-14. The filing lists a per-share price of $0.00 (total cash paid $0). The transaction is reported as an award/derivative (code A) rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-08-14; Form 4 filed: 2026-08-18 (timely filing).
• Transaction type/code: Grant / Award (derivative) — code A.
• Shares involved: 14,164 shares; reported price: $0.00 per share (no cash reported).
• Post-transaction holdings: Not specified in the information provided.
• Footnotes provided by the filer:
  • F1: "The shares subject to the option are fully vested and exercisable."
  • F2: The award/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 of stockholders (expected June 9, 2027), subject to continued service.
• No indication this was a sale or a cash exercise; treated as a compensation-style award.

Context
This filing reports a derivative award rather than a market purchase or sale. Awards with $0.00 listed per share can reflect stock-based compensation structures (options, restricted stock, or repurchase-restricted shares); the footnotes indicate immediate exercisability but also a repurchase right and a vesting schedule. Such compensation grants are common for directors and do not by themselves signal open-market buying or selling intentions. Check future filings for any exercise, sale, or disclosure of post-transaction ownership for clarity.