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

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
05 Dec 2022, 16:02:14 UTC
Prior SEC filing
13 Sep 2022
Next SEC filing
27 Feb 2023
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Mark A. Smith

Key filing fact

Mark A. Smith filed Form 4 for BION ENVIRONMENTAL TECHNOLOGIES INC (BNET) on 05 Dec 2022.

Key facts

  • This page summarizes Mark A. Smith's Form 4 filing for BION ENVIRONMENTAL TECHNOLOGIES INC (BNET).
  • 2 reported transactions and 3 derivative rows are listed below.
  • Accepted by SEC: 05 Dec 2022, 16:02.

Change

  • Previous filing in this sequence was filed on 13 Sep 2022.
  • Current net transaction value: +$40,000.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

BNET transaction

Common Stock

Gift

Transaction value
$0
Shares
-32,000
Change %
-32%
Price
$0.000000
Shares after
68,001
Date
24 Nov 2022
Ownership
Lotaylingkyur LLC
Footnotes
F1
BNET holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
324,077
Date
24 Nov 2022
Ownership
Direct
BNET holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
53,756
Date
24 Nov 2022
Ownership
Wife IRA
BNET holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
62,535
Date
24 Nov 2022
Ownership
MAS IRA
BNET holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
12,681
Date
24 Nov 2022
Ownership
Lotaylingkyur Foundation

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

BNET transaction Derivative

2020 Convertible Obligation

Award

Transaction value
$40,000
Shares
Change %
Price
Shares after
$1,375,199
Date
01 Dec 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
$40,000
Exercise price
$0.5000
Footnotes
F2
BNET holding Derivative

Warrants Various Classes

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
$1,271,944
Date
24 Nov 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
Exercise price
Footnotes
F3
BNET holding Derivative

Options (right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
$2,425,000
Date
24 Nov 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
Exercise price
Footnotes
F4
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote 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.

Footnote 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%.

Footnote 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.

Footnote 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.

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