LoRicco Ronald Joseph Sr. 4
4 · BASANITE, INC. · Filed Mar 9, 2022
Insider Transaction Report
Form 4
BASANITE, INC.BASA
LoRicco Ronald Joseph Sr.
Director10% Owner
Transactions
- Exercise/Conversion
Common Stock
2022-03-07$0.25/sh+500,000$125,000→ 60,915,912 total(indirect: See Footnote) - Exercise/Conversion
Stock Option (Right to Buy)
2022-03-07−500,000→ 0 totalExercise: $0.25From: 2017-10-17Exp: 2022-10-17→ Common Stock (500,000 underlying)
Footnotes (1)
- [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.