Item 3.02. UNREGISTERED SALES OF EQUITY SECURITIES

On April 6, 2023, FullNet Communications, Inc. (the "Company") agreed to sell 382,333 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 (the "Options") held by various officers, directors and employees of the Company and their family members. Proceeds from the exercise of the Options were $5,383. 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 19,565,087 shares of common stock outstanding.







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