Barbera Michael Vito 4
4 · BASANITE, INC. · Filed May 24, 2021
Insider Transaction Report
Form 4
BASANITE, INC.BASA
Barbera Michael Vito
Director
Transactions
- Award
Stock Option (Right to Buy)
2021-05-20+777,778→ 777,778 totalExercise: $0.27From: 2021-05-20Exp: 2026-05-20→ Common Stock (777,778 underlying)
Footnotes (1)
- [F1]This non-qualified option to purchase up to 777,778 shares of the Issuer's common stock (the "Option") was issued to the Reporting Person on May 20, 2021 with an exercise price of $0.27 per share, which was the closing price of the Issuer's common stock on May 20, 2021. The Reporting Person's right to exercise the Option for all of the shares underlying the Option vested immediately and the Option is exercisable for the shorter of (i) five years from the date of issuance or (ii) one year from the date the Reporting Person ceases to serve as a member of the Issuer's Board of Directors.