Guerrilla RF owner Bodford acquires 74,886 common shares

The reported 114,886 warrants have a $2.50 exercise price and expire September 28, 2029.

Available on EDGAR 11/06/2026 - 04:22 PM EST Accepted by SEC EDGAR 11/06/2026 - 04:22 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

AMB Investments reported indirect acquisitions associated with ten percent owner Alvin M. Bodford: 74,886 GUER common shares and 74,886 warrants on November 4, 2026. The reported positions afterward were 1,945,791 common shares and 114,886 warrants. The ownership footnote identifies the Alvin M. Bodford Revocable Trust as AMB Investments' sole member; Bodford is AMB Investments' manager and the trust's beneficiary. Salem Investment Partners V, Limited Partnership transferred 574,886 shares and 74,886 warrants to Bodford. The additional 74,886 shares and warrants reflect his pro rata interest in securities issued to Salem for $187,215 of deferred interest due to him in connection with his pro rata participation in a loan made by Salem to Guerrilla RF.

Insider Trade Summary

Other: 149,772 shares

Other 2 txns

Insider Bodford Alvin M.

Role 10% Owner

Type	Security	Shares	Price	Value
Other	Warrant F2, F1	74,886	--	--
Other	Common Stock F2, F1	74,886	--	--

Holdings After Transaction: Warrant — 114,886 contracts (Indirect, See Footnote 1.); Common Stock — 1,945,791 shares (Indirect, See Footnote 1.)

Holdings Before and After: Warrant, 40,000 to 114,886 contracts (Indirect, See Footnote 1.); Common Stock, 1,870,905 to 1,945,791 shares (Indirect, See Footnote 1.)

Footnotes (2)

1. F1. The Alvin M. Bodford Revocable Trust is the sole member of AMB Investments. The Reporting Person is a Manager of AMB Investments, and the beneficiary of the Trust.
2. F2. The Form 4 filed with the SEC on April 1, 2024, included 500,000 shares of common stock owned by Salem Investment Partners V, Limited Partnership ("Salem"), in which the Reporting Person had a pecuniary interest. On November 4, 2026, Salem transferred a total of 574,886 shares and 74,886 warrants to the Reporting Person. The additional 74,886 shares and 74,886 warrants reflect the Reporting Person's pro rata interest in those additional shares and warrants issued to Salem by the Issuer in exchange for $187,215 of deferred interest due the Reporting Person in connection with its pro rata participation in a loan made by Salem to the Issuer

Key Figures

Common shares reported acquired: 74,886 shares Warrants reported acquired: 74,886 warrants Common shares following transactions: 1,945,791 shares +4 more

7 metrics

Common shares reported acquired 74,886 shares Indirect acquisition on November 4, 2026

Warrants reported acquired 74,886 warrants Indirect acquisition on November 4, 2026

Common shares following transactions 1,945,791 shares Reported post-transaction position

Warrants following transaction 114,886 warrants Reported post-transaction position

Warrant exercise price $2.50 per share Warrants reported acquired

Shares transferred by Salem 574,886 shares Transfer to Bodford described in footnote

Deferred interest $187,215 Due to Bodford in connection with his pro rata participation in Salem's loan

Key Terms

pro rata interest, deferred interest, exercise price, pecuniary interest

4 terms

pro rata interest financial

"pro rata interest in those additional shares and warrants"

deferred interest financial

"deferred interest due the Reporting Person"

Deferred interest is a credit arrangement where interest on a purchase is postponed during a promotional period; if the borrower pays off the balance within that time no interest is charged, but if they miss the deadline the accumulated interest is billed retroactively. For investors this matters because it affects a company’s actual cash flow and credit losses—like a store offering a ‘pay later’ trial, it can boost short-term sales but raises the risk of larger unexpected write-offs if many customers fail to pay.

exercise price financial

"Warrant exercise price"

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

pecuniary interest financial

"the Reporting Person had a pecuniary interest"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many GUER shares and warrants did Alvin M. Bodford hold after the November 4, 2026 transactions?

The reported post-transaction positions were 1,945,791 common shares and 114,886 warrants, held indirectly. The transactions list acquisitions of 74,886 common shares and 74,886 warrants.

Why were additional GUER shares and warrants issued in the transaction?

Salem Investment Partners V, Limited Partnership received additional shares and warrants from Guerrilla RF in exchange for $187,215 of deferred interest due to Bodford. The 74,886-share and 74,886-warrant amounts reflect his pro rata interest in those securities, connected to his pro rata participation in a loan made by Salem to Guerrilla RF.

What are the exercise price and expiration date of the GUER warrants?

The 74,886 warrants reported as acquired have a $2.50 exercise price and expire on September 28, 2029.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Bodford Alvin M.

(Last) (First) (Middle)

1501 HIGHWOODS BOULEVARD

SUITE 302

(Street)

GREENSBORO NORTH CAROLINA 27410

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Guerrilla RF, Inc. [ GUER ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)	X	Other (specify below)
			Beneficial Owner

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
11/04/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	11/04/2026		J	V	74,886	A	(2)	1,945,791(2)	I	See Footnote 1.(1)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Warrant	$2.5	11/04/2026		J		74,886(2)		09/28/2024	09/28/2029	Common Stock	74,886	(2)	114,886	I	See Footnote 1.(1)

Explanation of Responses:

1. The Alvin M. Bodford Revocable Trust is the sole member of AMB Investments. The Reporting Person is a Manager of AMB Investments, and the beneficiary of the Trust.

2. The Form 4 filed with the SEC on April 1, 2024, included 500,000 shares of common stock owned by Salem Investment Partners V, Limited Partnership ("Salem"), in which the Reporting Person had a pecuniary interest. On November 4, 2026, Salem transferred a total of 574,886 shares and 74,886 warrants to the Reporting Person. The additional 74,886 shares and 74,886 warrants reflect the Reporting Person's pro rata interest in those additional shares and warrants issued to Salem by the Issuer in exchange for $187,215 of deferred interest due the Reporting Person in connection with its pro rata participation in a loan made by Salem to the Issuer

	/s/ Charnice Suggs, Attorney-in-Fact	11/06/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)