Ronald J. LoRicco Sr. - 07 Mar 2022 Form 4 Insider Report for BASANITE, INC. (BASA)

Role: Director, 10%+ Owner
Signature: /s/ Ronald J. LoRicco Sr.
Issuer symbol: BASA
Transactions as of: 07 Mar 2022
Net transactions value: +$125,000
Form type: 4
Filing time: 09 Mar 2022, 16:57:55 UTC
Previous filing: 03 Feb 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BASA	Common Stock	Options Exercise	$125,000	+500,000	+0.83%	$0.2500^*	60,915,912	07 Mar 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	-500,000	-100%	$0.000000^*	0	07 Mar 2022	Common Stock	500,000	$0.2500	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.

Content

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.