---
schema_version: "secwatch.filing_event.v1"
accession: "0001079973-24-001365"
form_type: "8-K"
ticker: "BASA"
cik: "0001448705"
company_name: "BASANITE, INC."
filed_at: "2024-10-07T23:59:59+00:00"
generated_at: "2026-05-30T19:10:22.603402+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Basanite appoints Ali Manav as Interim CEO; grants 25M stock options at $0.0275

## Summary
- Ali Manav named Acting CEO through June 30, 2025; monthly fee $17,250 deferred until $1M raised.
- Manav receives 5M five-year options at $0.0275; vesting tied to milestones.
- Three advisors granted 20M options total (10M, 2.5M, 7.5M) with similar vesting conditions.
- Options exercisable at $0.0275 per share; no commissions paid; exemption under Section 4(2).

## SEC filing metadata
- accession: 0001079973-24-001365
- form_type: 8-K
- ticker: BASA
- cik: 0001448705
- company_name: BASANITE, INC.
- filed_at: 2024-10-07T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 5.02, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1448705/000107997324001365/0001079973-24-001365-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1448705/000107997324001365/basa_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001079973-24-001365
- JSON: https://secwatch.observer/filing/0001079973-24-001365.json
- Plain text: https://secwatch.observer/filing/0001079973-24-001365.txt

## Key facts
- Executive change
  Ali Manav was appointed as Acting Chief Executive Officer at BASANITE, INC..
  - Action: appointed
  - Role: Acting Chief Executive Officer
  source text: On October 2, 2024, Ali Manav agreed to become the Acting Chief Executive Officer of Basanite, Inc. (the “Company”) through June 30, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1448705/000107997324001365/0001079973-24-001365-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.