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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