Manuel Antonio Rodriguez - 01 Feb 2022 Form 4 Insider Report for BASANITE, INC. (BASA)

Role: Director
Signature: /s/ Manuel A. Rodriquez
Issuer symbol: BASA
Transactions as of: 01 Feb 2022
Net transactions value: +$300,000
Form type: 4
Filing time: 03 Feb 2022, 16:17:39 UTC
Previous filing: 20 Dec 2021
Next filing: 07 Jun 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BASA	Restricted Common Stock	Award	$100,000	+303,030		$0.3300^*	303,030	03 Feb 2022	Direct	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	BASA	Stock Option (Right to Buy)	Award	$0	+242,424		$0.000000	242,424	01 Feb 2022	Common Stock	242,424	$0.3300	Direct	F1
transaction	BASA	Warrants	Award	$200,000	+606,061		$0.3300^*	606,061	03 Feb 2022	Common Stock	606,061	$0.3300	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The option vests in one year on February 1, 2023.
F2	These shares and warrants were purchased in a private transaction by the Reporting Person from the Issuer as part of a unit (the "Unit"), although no Units were issued as part of the offering. The shares, and shares underlying the warrants purchased once exercised, will be "restricted securities" as such term is defined by the Securities Act of 1933, as amended.