Mark A. Smith - 07 Mar 2023 Form 4 Insider Report for BION ENVIRONMENTAL TECHNOLOGIES INC (BNET)

Role
President, Director, 10%+ Owner
Signature
/s/ Mark Smith
Issuer symbol
BNET
Transactions as of
07 Mar 2023
Net transactions value
-$70,000
Form type
4
Filing time
09 Mar 2023, 17:14:13 UTC
Previous filing
27 Feb 2023
Next filing
05 Apr 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 Award $0 +739,958 +241% $0.000000 1,046,535 07 Mar 2023 Direct F1
transaction BNET Common Stock Gift $0 -300,000 -29% $0.000000 746,535 07 Mar 2023 Direct F2
holding BNET Common Stock 53,756 07 Mar 2023 Wife IRA
holding BNET Common Stock 62,535 07 Mar 2023 MAS IRA
holding BNET Common Stock 12,681 07 Mar 2023 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 Adjusted 2020 Convertible Obligation Disposed to Issuer $70,000 2,192,518 07 Mar 2023 Common Stock $0 $0.5000 Direct F1
transaction BNET Class MARCON Warrants Award $0 +739,958 $0.000000 739,958 07 Mar 2023 Common Stock 739,958 $0.7500 Direct F1
transaction BNET Class MARCON Warrants Gift $0 -410,000 -55% $0.000000 329,958 07 Mar 2023 Common Stock 410,000 $0.7500 Direct F1, F3
holding BNET Various Other Classes-Warrants 1,271,944 07 Mar 2023 Common Stock 1,271,944 Direct F4
holding BNET Options (right to buy) 2,425,000 07 Mar 2023 Common Stock 2,425,000 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 7, 2023, Mr. Smith converted $70,000 of principal from his Adjusted 2020 Convertible note into 739,958 Units; each unit consisting of one share and one warrant with the exercise price of $.75 until 3/7/2026. Each of these warrants carry an exercise bonus of 75%.
F2 On March 7, Mr. Smith gifted/donated 300,000 shares to various nonprofit entities and/or family members. Of the 439,958 shares not gifted, 250,000 shares are registered to Mr. Smith's wife.
F3 On March 7, 2023, Mr. Smith gifted/donated 410,000 warrants to various nonprofit entities and/or family members. Of the 329,958 warrants not gifted, 250,000 warrants are registered to Mr. Smith's wife.
F4 As of March 7, 2023, Mr. Smith is the direct owner of 1,271,944 underlying other warrants in addition to those acquired in the March 7, 2023 conversion (see Note 1). These warrants are comprised of various classes and various prices with expiration dates ranging from 2024 to 2025 and exercise bonus terms ranging from 75% to 90%.
F5 As of March 7, 2023, Mr. Smith is the direct owner of 2,425,000 underlying options. These options are comprised of various classes and various prices with expiration dates ranging from 2024 to 2026 and exercise bonus terms ranging from 75% to 90%.