Mark A. Smith - Jun 28, 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 28, 2023
Transactions value $
-$49,048
Form type
4
Date filed
7/28/2023, 05:17 PM
Previous filing
Jun 7, 2023
Next filing
Oct 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BNET Common Stock Gift $0 -20K -1.94% $0.00 1.01M Jun 28, 2023 Direct F1
transaction BNET Common Stock Award $0 +518K +51.38% $0.00 1.53M Jul 21, 2023 Direct F2
transaction BNET Common Stock Gift $0 -200K -13.09% $0.00 1.33M Jul 21, 2023 Direct F3
holding BNET Common Stock 53.8K Jun 28, 2023 Wife IRA
holding BNET Common Stock 62.5K Jun 28, 2023 MAS IRA
holding BNET Common Stock 12.7K Jun 28, 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 -$49K 971K Jul 21, 2023 Common Stock $49K $0.50 Direct F2
transaction BNET Class JULYCONV-4 Warrants Award $0 +518K $0.00 518K Jul 21, 2023 Common Stock 518K $0.75 Direct F2
transaction BNET Class JULYCONV-4 Warrants Gift $0 -100K -19.29% $0.00 418K Jul 21, 2023 Common Stock 100K $0.75 Direct F3, F4
holding BNET Various Other Classes Warrants 1.76M Jun 28, 2023 Common Stock 1.76M Direct F4, F5
holding BNET Options (right to buy) 2.43M Jun 28, 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 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%.