SCHEDULE: Laurence Lytton Reports 9.99% Stake in Guerrilla RF

Laurence W. Lytton has disclosed a 9.99% beneficial ownership stake in Guerrilla RF, Inc., primarily through a recent private placement.

Summary

• Laurence W. Lytton reported beneficial ownership of 1,088,179 shares of Guerrilla RF, Inc. Common Stock.
• This stake represents 9.99% of the company's outstanding Common Stock.
• The percentage is calculated based on 10,517,278 shares of Common Stock outstanding as of August 8, 2025, as reported in Guerrilla RF, Inc.'s Form 10-Q for the quarter ended June 30, 2025.
• The reporting person acquired 400,000 shares of Common Stock and warrants to purchase an additional 400,000 shares in a private placement from Guerrilla RF, Inc. on March 28, 2024.
• Lytton holds sole voting and dispositive power over 1,084,179 shares and shared voting and dispositive power over 4,400 shares.
• The beneficial ownership is subject to a 9.99% limitation.
• The securities were not acquired for the purpose of changing or influencing the control of the issuer.

Sentiment

Score: 7

Explanation: The filing indicates a substantial investment by Laurence W. Lytton in Guerrilla RF, Inc., through a private placement, suggesting investor confidence. This is generally viewed as a positive signal, although it is a disclosure of ownership rather than an operational update.

Positives

• A significant individual investor, Laurence W. Lytton, has taken a substantial 9.99% stake in Guerrilla RF, Inc., indicating confidence in the company's prospects.
• The acquisition of shares and warrants through a private placement provided capital to Guerrilla RF, Inc.

Risks

• The beneficial ownership is subject to a 9.99% limitation, which could restrict the investor's ability to increase their stake beyond this threshold without further disclosures or potential regulatory implications.

Future Outlook

The reporting person certified that the securities were not acquired and are not held for the purpose of changing or influencing the control of the issuer, nor in connection with any transaction having that purpose or effect, other than activities solely in connection with a nomination under Rule 14a-11.

Management Comments

• Laurence W. Lytton certified that, to the best of his knowledge and belief, the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under Rule 14a-11.

Industry Context

This filing does not provide specific industry context or analysis.

Related Party Transactions

• The acquisition of shares and warrants by Laurence W. Lytton in a private placement from the Issuer on March 28, 2024, represents a direct transaction between the investor and the company.

Stakeholder Impact

• Shareholders: The entry of a significant individual investor may be viewed positively, potentially signaling confidence in the company's future. The private placement also provided capital to the company.
• Company (Guerrilla RF, Inc.): The private placement provided capital to the company, strengthening its financial position.

Key Dates

Keywords

Guerrilla RF, Inc., GRRF, Laurence W. Lytton, Schedule 13G, beneficial ownership, common stock, private placement, investor stake, equity, SEC filing