Mark A. Smith - Jun 4, 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: Jun 4, 2023
Transactions value $: -$36,573
Form type: 4
Date filed: 6/7/2023, 04:24 PM
Previous filing: Apr 5, 2023
Next filing: Jul 28, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BNET	Common Stock	Award	$0	-387K	-23.21%	$0.00	1.28M	Jun 4, 2023	Direct	F1
transaction	BNET	Common Stock	Gift	$0	-250K	-19.55%	$0.00	1.03M	Jun 4, 2023	Direct	F2
holding	BNET	Common Stock						53.8K	Jun 4, 2023	Wife IRA
holding	BNET	Common Stock						62.5K	Jun 4, 2023	MAS IRA
holding	BNET	Common Stock						12.7K	Jun 4, 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	-$36.6K				$1.49M	Jun 4, 2023	Common Stock	$36.6K	$0.50	Direct	F1
transaction	BNET	Class JUNECONV-3 Warrants	Award	$0	+387K		$0.00	387K	Jun 4, 2023	Common Stock	387K	$0.75	Direct	F1
transaction	BNET	Class JUNECONV-3 Warrants	Gift	$0	-250K	-64.66%	$0.00	137K	Jun 4, 2023	Common Stock	250K	$0.75	Direct	F3
holding	BNET	Various Other Classes Warrants						1.35M	Jun 4, 2023	Common Stock	1.35M		Direct	F4
holding	BNET	Optioins (right to buy)						2.43M	Jun 4, 2023	Common Stock	2.43M		Direct	F5, F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On June 4, 2023, Mr. Smith converted $36,573.11 of principal from his Adjusted 2020 Convertible note into 386,608 Units; each unit consisting of one share and one warrant with the exercise price of $.75 until 6/4/2026. Each of these warrants carry an exercise bonus of 75%. The balance of the Adjusted 2020 Convertible note after the June 4, 2023, conversion is $140,950.41. The Adjusted 2020 Convertible note is convertible at $.0946/Unit.
F2	On June 4, 2023, Mr. Smith gifted/donated 250,000 shares to various nonprofit entities. Of the 136,608 shares not gifted, 100,000 shares are registered to Mr. Smith's wife.
F3	On June 4, 2023, Mr. Smith gifted/donated 250,000 warrants to various nonprofit entities. 100,000 of the warrants not gifted are registered to Mr. Smith's wife.
F4	As of June 4, 2023 Mr. Smith is the direct owner of 1,351,902 underlying other warrants in addition to those acquired in the June 4, 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 June 4, 2023, the total of 370,948 warrants are registered to Mr. Smith's wife which includes the June 4, 2023, issuance.
F6	As of June 4, 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%.