Mark A. Smith - Dec 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
Dec 31, 2023
Transactions value $
-$91,903
Form type
4
Date filed
1/8/2024, 11:16 AM
Previous filing
Oct 4, 2023
Next filing
Feb 14, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BNET Common Stock Award $0 +449K +33.84% $0.00 1.78M Dec 31, 2023 Direct F1
transaction BNET Common Stock Gift $0 -200K -11.26% $0.00 1.58M Dec 31, 2023 Direct F2
transaction BNET Common Stock Award $0 +522K +33.12% $0.00 2.1M Jan 1, 2024 Direct F3
transaction BNET Common Stock Gift $0 -122K -5.82% $0.00 1.98M Jan 1, 2024 Direct F4
holding BNET Common Stock 53.8K Dec 31, 2023 Wife IRA
holding BNET Common Stock 62.5K Dec 31, 2023 MAS IRA
holding BNET Common Stock 12.7K Dec 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 Convertible Obligation Disposed to Issuer -$42.5K 522K Dec 31, 2023 Common Stock $42.5K $0.09 Direct F1
transaction BNET Adjusted 2020 Convertible Obligation Disposed to Issuer -$49.4K 0 Jan 1, 2024 Common Stock $49.4K $0.09 Direct F3
transaction BNET ClassDECCONV-1 warrants Award $0 +449K $0.00 449K Dec 31, 2023 Common Stock 449K $0.75 Direct F1
transaction BNET ClassDECCONV-1 warrants Gift $0 -200K -44.52% $0.00 249K Dec 31, 2023 Common Stock 200K $0.75 Direct F2
transaction BNET Class JAN2024CONV-1 warrants Award $0 +522K $0.00 522K Jan 1, 2024 Common Stock 522K $0.75 Direct F3
transaction BNET Class JAN2024CONV-1 warrants Gift $0 -122K -23.41% $0.00 400K Jan 1, 2024 Common Stock 122K $0.75 Direct F4
holding BNET Various Other Classes warrants 2.18M Dec 31, 2023 Common Stock 2.18M Direct F5
holding BNET Class FEB2021-2 100K Dec 31, 2023 Common Stock 100K Lotaylingkyur Inc. F5
holding BNET Options (right to buy) 2.43M Dec 31, 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 December 31, 2023 Mr. Smith converted $42,500 from his Adjusted 2020 Convertible note into 449,261 Units; each unit consisting of one share and one warrant with the exercise price of $.75 until 12/31/2026. Each of these warrants carry an exercise bonus of 75%. The balance of the Adjusted 2020 Convertible note after the December 31, 2023, conversion is $49,403.05. The Adjusted 2020 Convertible note is convertible at $.0946/Unit.
F2 On December 31, 2023, Mr. Smith gifted 200,000 units to various family members and non profit entities. Of the 249,261 units not gifted, 149,261 are registered to Mr. Smith's wife.
F3 On January 1, 2024, Mr. Smith converted the remaining balance of $49,403.05 of his Adjusted 2020 Convertible note into 522,231 Units; each unit consisting of one share and one warrant with the exercise price of $.75 until 1/1/2027. Each of these warrants carry an exercise bonus of 75%. The Adjusted 2020 Convertible note is convertible at $.0946/Unit.
F4 On January 1, 2024, Mr. Smith gifted 122,231 Units to various family members and non profit entities. Of the 400,000 units not gifted, 200,000 are registered to Mr. Smith's wife.
F5 As of January 2, 2024, Mr. Smith and his wife are the direct owners of 2,827,196 underlying warrants (1,906.987 Mark Smith, 920,209 Kelly Smith) and indirect owners of 100,001 warrants registered to Lotaylingkyur Inc. (controlled by Mr. & Mrs. Smith) for an aggregate beneficial ownership of 2,927,197 warrants. These warrants are comprised of various classes and various prices with expiration dates ranging from 2024 to 2027 and exercise bonus terms ranging from 75% to 90%.
F6 As of January 2, 2024, 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%.