Mark A. Smith - 24 Nov 2022 Form 4 Insider Report for BION ENVIRONMENTAL TECHNOLOGIES INC (BNET)

Role: President, Director, 10%+ Owner
Signature: /s/ Mark A. Smith
Issuer symbol: BNET
Transactions as of: 24 Nov 2022
Net transactions value: +$40,000
Form type: 4
Filing time: 05 Dec 2022, 16:02:14 UTC
Previous filing: 13 Sep 2022
Next filing: 27 Feb 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BNET	Common Stock	Gift	$0	-32,000	-32%	$0.000000	68,001	24 Nov 2022	Lotaylingkyur LLC	F1
holding	BNET	Common Stock						324,077	24 Nov 2022	Direct
holding	BNET	Common Stock						53,756	24 Nov 2022	Wife IRA
holding	BNET	Common Stock						62,535	24 Nov 2022	MAS IRA
holding	BNET	Common Stock						12,681	24 Nov 2022	Lotaylingkyur Foundation

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	BNET	2020 Convertible Obligation	Award	$40,000				$1,375,199	01 Dec 2022	Common Stock	$40,000	$0.5000	Direct	F2
holding	BNET	Warrants Various Classes						$1,271,944	24 Nov 2022	Common Stock			Direct	F3
holding	BNET	Options (right to buy)						$2,425,000	24 Nov 2022	Common Stock			Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On November 24, 2022, Lotaylingkyur LLC gifted 32,000 shares to various nonprofit entities and family members. Lotaylingkyur LLC is controlled by Mr. Smith and his wife.
F2	On December 1, 2022, Mr. Smith transferred $15,000 of deferred compensation and $25,000 of salary to his 2020 Convertible Obligation. The Balance of the 2020 Convertible Obligation of $1,375,199.12 (after the transaction described in this Form 4) is convertible into 2,750,399 units; each unit consisting of one share and one warrant with the exercise price of $0.75. The warrants are exerciseable through three years after the conversion date. Each of these warrants carry an exercise bonus of 75%.
F3	As of December 5, 2022, Mr. Smith is the direct owner of 1,271,944 underlying warrants. These warrants are comprised of various classes, various prices, various expiration dates and various exercise bonus terms.
F4	As of December 5, 2022, Mr. Smith is the direct owner of 2,425,000 underlying options. These options are comprised of various classes, various prices, various expiration dates and various exercise bonus terms.