Mark A. Smith - 31 Mar 2023 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: 31 Mar 2023
Net transactions value: -$29,889
Form type: 4
Filing time: 05 Apr 2023, 14:25:57 UTC
Previous filing: 09 Mar 2023
Next filing: 07 Jun 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	+315,948	+42%	$0.000000	1,062,483	31 Mar 2023	Direct	F1
transaction	BNET	Common Stock	Gift	$0	-170,000	-16%	$0.000000	892,483	31 Mar 2023	Direct	F2
holding	BNET	Common Stock						53,756	31 Mar 2023	Wife IRA
holding	BNET	Common Stock						62,535	31 Mar 2023	MAS IRA
holding	BNET	Common Stock						12,681	31 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 Convertable Obligation	Disposed to Issuer	$29,889				1,876,570	31 Mar 2023	Common Stock	0	$0.5000	Direct	F1
transaction	BNET	Class MARCON-2 Warrants	Award	$0	+315,948		$0.000000	315,948	31 Mar 2023	Common Stock	315,948	$0.7500	Direct	F1
transaction	BNET	Class MARCON-2 Warrants	Gift	$0	-295,000	-93%	$0.000000	20,948	31 Mar 2023	Common Stock	295,000	$0.7500	Direct	F1, F3
holding	BNET	Various Other Classes Warrants						1,351,902	31 Mar 2023	Common Stock	1,351,902		Direct	F4
holding	BNET	Options (right to buy)						2,425,000	31 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 31, 2023, Mr. Smith converted $29,888.64 of principal from his Adjusted 2020 Convertible note into 315,948 Units; each unit consisting of one share and one warrant with the exercise price of $.75 until 3/31/2026. Each of these warrants carry an exercise bonus of 75%.
F2	On March 31, 2023, Mr. Smith gifted/donated 170,000 shares to various nonprofit entities and/or family members. Of the 165,948 shares not gifted, 100,000 shares are registered to Mr. Smith's wife.
F3	On March 31, 2023, Mr. Smith gifted/donated 295,000 warrants to various nonprofit entities and/or family members. 20,948 of the warrants not gifted are registered to Mr. Smith's wife.
F4	As of March 31, 2023, Mr. Smith is the direct owner of 1,351,902 underlying other warrants in addition to those acquired in the March 31, 2023 conversion (see Note 1). These warrants 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%.
F5	As of March 31, 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%.