Mark A. Smith - Mar 31, 2023 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: Mar 31, 2023
Transactions value $: -$29,889
Form type: 4
Date filed: 4/5/2023, 02:25 PM
Previous filing: Mar 9, 2023
Next filing: Jun 7, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BNET	Common Stock	Award	$0	+316K	+42.32%	$0.00	1.06M	Mar 31, 2023	Direct	F1
transaction	BNET	Common Stock	Gift	$0	-170K	-16%	$0.00	892K	Mar 31, 2023	Direct	F2
holding	BNET	Common Stock						53.8K	Mar 31, 2023	Wife IRA
holding	BNET	Common Stock						62.5K	Mar 31, 2023	MAS IRA
holding	BNET	Common Stock						12.7K	Mar 31, 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	-$29.9K				1.88M	Mar 31, 2023	Common Stock	0	$0.50	Direct	F1
transaction	BNET	Class MARCON-2 Warrants	Award	$0	+316K		$0.00	316K	Mar 31, 2023	Common Stock	316K	$0.75	Direct	F1
transaction	BNET	Class MARCON-2 Warrants	Gift	$0	-295K	-93.37%	$0.00	20.9K	Mar 31, 2023	Common Stock	295K	$0.75	Direct	F1, F3
holding	BNET	Various Other Classes Warrants						1.35M	Mar 31, 2023	Common Stock	1.35M		Direct	F4
holding	BNET	Options (right to buy)						2.43M	Mar 31, 2023	Common Stock	2.43M		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%.