Item 3.02. UNREGISTERED SALES OF EQUITY SECURITIES
On May 25, 2022, FullNet Communications, Inc. (the "Company") agreed to sell
529,004 restricted shares of its common stock, par value $0.00001 per share
pursuant to the exercise of previously issued and outstanding common stock
purchase options and warrants (the "Options & Warrants") held by various current
and former employees of the Company, their family members and others. Proceeds
from the exercise of the Options were $3,139. The common shares were issued
pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended without
payment of any form of commissions or other remuneration.
Immediately following the exercise of the Options, the Company had 18,989,086
shares of common stock outstanding.
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