LORICCO RONALD JOSEPH SR. purchased 6.60M shares of BASANITE, INC. on the open market
Open‑market purchase worth $799.9K. The strongest form of insider conviction signal.
P · 2 purchases
Filed: 5/21/2021ACC: 0001553350-21-000446
Director10% Owner
Since Aug 2018
+12.23M
Net shares
Net buyer
$799.9K
Total acquired
2
Open market trades
2B · 0S
4
Total transactions
12.23M acquired
Non-Derivative Transactions2
Common Stock
Indirect
Shares
+2.48M
Price / share
$0.12
Trade value
$299.97K
% of position
New position
5/17/2021
0.00→2.48M
Common Stock
Indirect
Shares
+4.13M
Price / share
$0.12
Trade value
$499.95K
% of position
825.0%
5/17/2021
500K→4.63M
Total
Net shares
+6.60M
Net value
$799.92K
| Security | Date | Type | Shares | Price / Share | Trade Value | % of Position | Held Before | Held After |
|---|---|---|---|---|---|---|---|---|
| Common Stock Indirect | 5/17/2021 | P · Purchase | +2.48M | $0.12 | $299.97K | New position | 0.00 | 2.48M |
| Common Stock Indirect | 5/17/2021 | P · Purchase | +4.13M | $0.12 | $499.95K | 825.0% | 500K | 4.63M |
| Total | +6.60M | $799.92K | ||||||
Derivative Transactions2
Convertible Promissory Note
Indirect
Converts to
Common Stock
Shares
+N/A
Strike price
Held after
0.00
Exercisable
—
5/12/2021
Warrant
Indirect
Converts to
Common Stock
5.63M shares
Shares
+5.63M
Strike price
0.35
Held after
5.63M
Exercisable
—
5/12/2021
| Security | Converts To | Date | Type | Shares | Strike Price | Exercisable | Held After |
|---|---|---|---|---|---|---|---|
| Convertible Promissory Note Indirect | Common Stock | 5/12/2021 | J · J | +N/A | — | 0.00 | |
| Warrant Indirect | Common Stock5.63M shares | 5/12/2021 | J · J | +5.63M | 0.35 | — | 5.63M |
Non-Derivative Holdings (Post-Transaction)4
Common Stock
IndirectShares owned4.40M
Common Stock
IndirectShares owned1.57M
Common Stock
IndirectShares owned1.57M
Common Stock
IndirectShares owned31.65M
Total
39.18M indirect39.18M
| Security Title | Shares Owned | Ownership Type |
|---|---|---|
| Common Stock | 4.40M | Indirect |
| Common Stock | 1.57M | Indirect |
| Common Stock | 1.57M | Indirect |
| Common Stock | 31.65M | Indirect |
| Total | 39.18M | 39.18M indirect |
Derivative Holdings (Post-Transaction)0
No derivative holdings reported