Manuel Antonio Rodriguez - Feb 1, 2022 Form 4 Insider Report for BASANITE, INC. (BASA)

Role: Director
Signature: /s/ Manuel A. Rodriquez
Stock symbol: BASA
Transactions as of: Feb 1, 2022
Transactions value $: $300,000
Form type: 4
Date filed: 2/3/2022, 04:17 PM
Previous filing: Dec 20, 2021
Next filing: Jun 7, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BASA	Restricted Common Stock	Award	$100K	+303K		$0.33^*	303K	Feb 3, 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	+242K		$0.00	242K	Feb 1, 2022	Common Stock	242K	$0.33	Direct	F1
transaction	BASA	Warrants	Award	$200K	+606K		$0.33^*	606K	Feb 3, 2022	Common Stock	606K	$0.33	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.