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

Role
President, Director, 10%+ Owner
Signature
/s/ Mark A. Smith
Stock symbol
BNET
Transactions as of
Nov 24, 2022
Transactions value $
$40,000
Form type
4
Date filed
12/5/2022, 04:02 PM
Previous filing
Sep 13, 2022
Next filing
Feb 27, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BNET Common Stock Gift $0 -32K -32% $0.00 68K Nov 24, 2022 Lotaylingkyur LLC F1
holding BNET Common Stock 324K Nov 24, 2022 Direct
holding BNET Common Stock 53.8K Nov 24, 2022 Wife IRA
holding BNET Common Stock 62.5K Nov 24, 2022 MAS IRA
holding BNET Common Stock 12.7K Nov 24, 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 $40K $1.38M Dec 1, 2022 Common Stock $40K $0.50 Direct F2
holding BNET Warrants Various Classes $1.27M Nov 24, 2022 Common Stock Direct F3
holding BNET Options (right to buy) $2.43M Nov 24, 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.