Management Change/Compensation (Form 8-K)

Item 5.02 Departure of directors or certain officers; election of directors; appointment of certain officers; compensatory arrangements of certain officers

Appointment of Chief Executive Officer

On April 18, 2025 the Board of Directors of Basanite, Inc. (the "Company") approved the reappointment of Ronald LoRicco, Sr. as the Company's Acting Interim Chief Executive Officer, effective immediately.

Mr. LoRicco previously served as Acting Interim Chief Executive Officer of the Company from April 12, 2024 through October 1, 2024, during which time he led multiple strategic and operational initiatives. His return to the role reflects the Board's confidence in his leadership and vision for the Company's growth and provides continuity while the Company engages in a search for a new Chief Executive Offer.

The reappointment follows Mike Nelson's departure from the role of Chief Executive Officer and reflects the Company's ongoing focus on strategic continuity and execution.

There are no arrangements or understandings between Mr. LoRicco and any other person pursuant to which he was selected as Acting Interim Chief Executive Officer. Mr. LoRicco has no family relationships with any director or executive officer of the Company and has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.