Ronald J. LoRicco Sr. - Mar 7, 2022 Form 4 Insider Report for BASANITE, INC. (BASA)

Role
Director, 10%+ Owner
Signature
/s/ Ronald J. LoRicco Sr.
Stock symbol
BASA
Transactions as of
Mar 7, 2022
Transactions value $
$125,000
Form type
4
Date filed
3/9/2022, 04:57 PM
Previous filing
Feb 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BASA Common Stock Options Exercise $125K +500K +0.83% $0.25* 60.9M Mar 7, 2022 See Footnote F1

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) Options Exercise $0 -500K -100% $0.00* 0 Mar 7, 2022 Common Stock 500K $0.25 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 7, 2022, the reporting person exercised options (previously granted to the reporting person on October 17, 2017) to purchase 500,000 shares of common stock at $0.25 per share for $125,000. The shares have been issued in the name of LoRi Co. an entity which the reporting person has joint control. The amount of securities beneficially owned include shares held by RVRM Holdings, Inc., First New Haven Mortgage Company, LLC and LoRi Co. (collectively the "Entities"). The reporting person has a pecuniary interest in the Entities.