Mark A. Smith - 28 Jun 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: 28 Jun 2023
Net transactions value: -$49,048
Form type: 4
Filing time: 28 Jul 2023, 17:17:16 UTC
Previous filing: 07 Jun 2023
Next filing: 04 Oct 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	Gift	$0	-20,000	-1.9%	$0.000000	1,009,091	28 Jun 2023	Direct	F1
transaction	BNET	Common Stock	Award	$0	+518,477	+51%	$0.000000	1,527,568	21 Jul 2023	Direct	F2
transaction	BNET	Common Stock	Gift	$0	-200,000	-13%	$0.000000	1,327,568	21 Jul 2023	Direct	F3
holding	BNET	Common Stock						53,756	28 Jun 2023	Wife IRA
holding	BNET	Common Stock						62,535	28 Jun 2023	MAS IRA
holding	BNET	Common Stock						12,681	28 Jun 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	$49,048				971,492	21 Jul 2023	Common Stock	$49,048	$0.5000	Direct	F2
transaction	BNET	Class JULYCONV-4 Warrants	Award	$0	+518,477		$0.000000	518,477	21 Jul 2023	Common Stock	518,477	$0.7500	Direct	F2
transaction	BNET	Class JULYCONV-4 Warrants	Gift	$0	-100,000	-19%	$0.000000	418,477	21 Jul 2023	Common Stock	100,000	$0.7500	Direct	F3, F4
holding	BNET	Various Other Classes Warrants						1,759,458	28 Jun 2023	Common Stock	1,759,458		Direct	F4, F5
holding	BNET	Options (right to buy)						2,425,000	28 Jun 2023	Common Stock	2,425,000		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 28, 2023, Mr. Smith and his wife gifted 20,000 shares to various nonprofit entities.
F2	On July 21, 2023, Mr. Smith converted $49,047.91 of principal from his Adjusted 2020 Convertible note into 518,477 Units; each unit consisting of one share and one warrant with the exercise price of $.75 until 7/21/2026. Each of these warrants carry an exercise bonus of 75%. The balance of the Adjusted 2020 Convertible note after the July 21, 2023, conversion is $91,903.05. The Adjusted 2020 Convertible note is convertible at $.0946/Unit.
F3	On July 21, 2023, Mr. Smith gifted/donated 200,000 shares to various nonprofit entities. Of the 318,477 shares not gifted, 100,000 shares are registered to Mr. Smith's wife.
F4	On July 21, 2023, Mr. Smith gifted/donated 100,000 warrants to various nonprofit entities. 100,000 of the warrants not gifted are registered to Mr. Smith's wife.
F5	As of July 21, 2023 Mr. Smith and his wife are the direct owners of 1,759,458 underlying other warrants in addition to those acquired in the July 21, 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%.
F6	As of July 21 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%.