Guerrilla RF director buys 14K shares at $6
Guerrilla RF, Inc. (GUER) director and ten percent owner Thomas B. Ellis reported an option exercise and updated holdings.
Rhea-AI Filing Summary
Guerrilla RF, Inc. (GUER) director and ten percent owner Thomas B. Ellis reported an option exercise and updated holdings. On 2026-08-28, he exercised 14,164 stock options at an exercise price of $6.00 per share, acquiring the same number of GUER common shares and increasing his directly held common stock to 46,456 shares. The exercised option grant now shows 0 options remaining. The option was immediately exercisable but is subject to a right of repurchase by Guerrilla RF for shares issued before vesting, with vesting scheduled on the earlier of the first anniversary of grant or the next annual meeting, currently expected to be June 9, 2027. Ellis is also reported as having indirect economic interests in 7,213,115 underlying common shares via Series A Convertible Preferred Stock and 2,885,246 underlying common shares via common stock purchase warrants held by NR-PRL Partners, LP, though he disclaims beneficial ownership beyond his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
14,164 shares exercised/converted
Exercise
4 txns
Insider
ELLIS THOMAS B
Role
Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option F4 | 14,164 | $0.00 | $0.00 |
| Exercise | Common Stock F5 | 14,164 | $6.00 | $85K |
| holding | Series A Convertible Preferred Stock F1, F2, F3 | -- | -- | -- |
| holding | Common Stock Purchase Warrants F2, F3 | -- | -- | -- |
Holdings After Transaction:
Stock Option — 0 contracts (Direct);
Common Stock — 46,456 shares (Direct);
Series A Convertible Preferred Stock — 7,213,115 contracts (Indirect, See Footnotes.);
Common Stock Purchase Warrants — 2,885,246 contracts (Indirect, See Footnotes.)
Footnotes (5)
- F1. The securities do not have any expiration date.
- F2. The reported securities are directly held by NR-PRL Partners, LP, and may be deemed to be indirectly beneficially owned by NR-PRL Partners GP, LLC as the general partner of NR-PRL Partners, LP. The securities may also be deemed to be indirectly beneficially owned by the Reporting Person as a member of NR-PRL Partners GP, LLC.
- F3. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission of beneficial ownership of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
- F4. The option is immediately exercisable, subject to a right of repurchase in favor of the Issuer with respect to shares issued to the Reporting Person upon exercise of the option prior to vesting. The option vests on the earlier of (i) the first anniversary of the grant date and (ii) the date of the Issuer's next annual meeting of stockholders (currently expected to be June 9, 2027), subject to the Reporting Person's continued service through such vesting date.
- F5. Pursuant to the exercise of stock options.
Key Figures
Options exercised: 14,164 shares
Option exercise price: $6.00 per share
Direct common stock holdings: 46,456 shares
+5 more
8 metrics
Options exercised
14,164 shares
Stock option exercise on 2026-08-28
Option exercise price
$6.00 per share
Exercise price for 14,164 stock options
Direct common stock holdings
46,456 shares
Common stock directly held following the 2026-08-28 transaction
Series A Convertible Preferred underlying shares
7,213,115 underlying common shares
Indirect interest via Series A Convertible Preferred Stock
Series A conversion price
$327.87
Exercise/conversion price per underlying common share for Series A Convertible Preferred Stock
Common Stock Purchase Warrants underlying shares
2,885,246 underlying common shares
Indirect interest via common stock purchase warrants
Warrant exercise price
$3.05
Exercise price per underlying common share for Common Stock Purchase Warrants
Warrant expiration date
2030-02-05
Expiration of Common Stock Purchase Warrants
Key Terms
Stock Option, Series A Convertible Preferred Stock, Common Stock Purchase Warrants, pecuniary interest, +1 more
5 terms
Stock Option financial
"The option is immediately exercisable, subject to a right of repurchase"
A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.
Series A Convertible Preferred Stock financial
"The reported securities are directly held by NR-PRL Partners, LP"
Series A convertible preferred stock is a class of shares sold in an early funding round that gives investors a mix of protection and upside: it pays a priority claim over common shares if the company is sold or closes, but can be converted into ordinary shares to share in future growth. Think of it like a hybrid between a safer stake and a ticket to ownership; it matters to investors because it affects who controls the company, how future gains are split, and how much their investment is protected from downside.
Common Stock Purchase Warrants financial
"Common Stock Purchase Warrants, underlyingSecurityShares 2,885,246.0000"
Common stock purchase warrants are tradable instruments that give the holder the right to buy a company’s common shares at a set price before a specified date, like a coupon that lets you purchase stock later at a fixed rate. They matter to investors because they offer a way to gain future upside if the stock rises, but when exercised they increase the number of shares outstanding and can reduce existing shareholders’ ownership and earnings per share.
pecuniary interest financial
"disclaims beneficial ownership of these securities except to the extent of his pecuniary interest"
right of repurchase financial
"subject to a right of repurchase in favor of the Issuer"
FAQ
What did Thomas B. Ellis report in this Form 4 for GUER?
He reported exercising 14,164 stock options at an exercise price of $6.00 per share on 2026-08-28, receiving 14,164 GUER common shares and bringing his directly held common stock to 46,456 shares after the transaction.
How many Guerrilla RF (GUER) options did Ellis have after this transaction?
After the 2026-08-28 transaction, the reported stock option position used for the exercise shows 0 options remaining, indicating the 14,164 options reported were fully exercised into common stock.
What indirect holdings in GUER does Ellis report?
Ellis is associated with 7,213,115 underlying common shares via Series A Convertible Preferred Stock and 2,885,246 underlying common shares via Common Stock Purchase Warrants, held indirectly through NR-PRL Partners, LP. He disclaims beneficial ownership except to the extent of his pecuniary interest.
What are the key terms of Ellis’s GUER stock option that was exercised?
The option covered 14,164 shares at an exercise price of $6.00 per share, with an expiration date of 2036-08-14. It is immediately exercisable but subject to a company repurchase right for shares issued before vesting, with vesting tied to the next annual meeting or first anniversary.
What are the exercise prices of Ellis’s indirect GUER derivative holdings?
The Series A Convertible Preferred Stock is convertible into GUER common stock at an exercise price of $327.87 per underlying share equivalent, and the Common Stock Purchase Warrants are exercisable at $3.05 per underlying common share, both reported as indirectly held.
AI-generated analysis. How Rhea-AI works. Not financial advice.
