Mark A. Smith - 31 Dec 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
31 Dec 2023
Net transactions value
-$91,903
Form type
4
Filing time
08 Jan 2024, 11:16:48 UTC
Previous filing
04 Oct 2023
Next filing
14 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BNET Common Stock Award $0 +449,261 +34% $0.000000 1,776,829 31 Dec 2023 Direct F1
transaction BNET Common Stock Gift $0 -200,000 -11% $0.000000 1,576,829 31 Dec 2023 Direct F2
transaction BNET Common Stock Award $0 +522,231 +33% $0.000000 2,099,060 01 Jan 2024 Direct F3
transaction BNET Common Stock Gift $0 -122,231 -5.8% $0.000000 1,976,829 01 Jan 2024 Direct F4
holding BNET Common Stock 53,756 31 Dec 2023 Wife IRA
holding BNET Common Stock 62,535 31 Dec 2023 MAS IRA
holding BNET Common Stock 12,681 31 Dec 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 $42,500 522,231 31 Dec 2023 Common Stock $42,500 $0.0946 Direct F1
transaction BNET Adjusted 2020 Convertible Obligation Disposed to Issuer $49,403 0 01 Jan 2024 Common Stock $49,403 $0.0946 Direct F3
transaction BNET ClassDECCONV-1 warrants Award $0 +449,261 $0.000000 449,261 31 Dec 2023 Common Stock 449,261 $0.7500 Direct F1
transaction BNET ClassDECCONV-1 warrants Gift $0 -200,000 -45% $0.000000 249,261 31 Dec 2023 Common Stock 200,000 $0.7500 Direct F2
transaction BNET Class JAN2024CONV-1 warrants Award $0 +522,231 $0.000000 522,231 01 Jan 2024 Common Stock 522,231 $0.7500 Direct F3
transaction BNET Class JAN2024CONV-1 warrants Gift $0 -122,231 -23% $0.000000 400,000 01 Jan 2024 Common Stock 122,231 $0.7500 Direct F4
holding BNET Various Other Classes warrants 2,177,935 31 Dec 2023 Common Stock 2,177,935 Direct F5
holding BNET Class FEB2021-2 100,001 31 Dec 2023 Common Stock 100,001 Lotaylingkyur Inc. F5
holding BNET Options (right to buy) 2,425,000 31 Dec 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 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%.