Manuel Antonio Rodriguez - 02 Jun 2022 Form 4 Insider Report for BASANITE, INC. (BASA)

Role: Director
Signature: /s/ Manuel A. Rodriquez
Issuer symbol: BASA
Transactions as of: 02 Jun 2022
Net transactions value: $0
Form type: 4
Filing time: 07 Jun 2022, 16:15:22 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	Award		+122,713	+39%		435,743	02 Jun 2022	U.S. Supplies, Inc.	F1, F2

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

Explanation of Responses:

Id	Content
F1	On December 10, 2021, U.S. Supplies, Inc. ("U.S. Supplies") and Basanite, Inc. (the "Company") entered into certain agreements whereby U.S. Supplies has a right to sales commissions for distributions occurring in the United Mexican States (the "Sales Commissions"). In consideration and satisfaction of the Sales Commissions owed to U.S. Supplies, the Company issued U.S. Supplies shares of restricted common stock of the Company.
F2	Mr. Rodriguez is the President of U.S. Supplies.

Content

On December 10, 2021, U.S. Supplies, Inc. ("U.S. Supplies") and Basanite, Inc. (the "Company") entered into certain agreements whereby U.S. Supplies has a right to sales commissions for distributions occurring in the United Mexican States (the "Sales Commissions"). In consideration and satisfaction of the Sales Commissions owed to U.S. Supplies, the Company issued U.S. Supplies shares of restricted common stock of the Company.

Mr. Rodriguez is the President of U.S. Supplies.