Mark A. Smith - Mar 31, 2024 Form 4 Insider Report for BION ENVIRONMENTAL TECHNOLOGIES INC (BNET)

Role
President, Director, 10%+ Owner
Signature
Mark Smith
Stock symbol
BNET
Transactions as of
Mar 31, 2024
Transactions value $
$119,904
Form type
4
Date filed
4/3/2024, 11:00 AM
Previous filing
Feb 14, 2024
Next filing
Aug 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BNET Common Stock Award $0 -4.85K -0.11% $0.00 4.42M Apr 1, 2024 Direct F1
holding BNET Common Stock 85.4K Mar 31, 2024 Lotaylingkyur LLC
holding BNET Common Stock 53.8K Mar 31, 2024 Wife IRA
holding BNET Common Stock 62.5K Mar 31, 2024 MAS IRA
holding BNET Common Stock 12.7K Mar 31, 2024 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 2020 non-adjusted Convertible Obligation Conversion of derivative security $120K 240K Mar 31, 2024 Common Stock 240K $0.50 Direct F2
transaction BNET Deferred Compensation Disposed to Issuer $0 -75K -55.5% $0.00 60.1K Apr 1, 2024 Common Stock 60.1K $0.75 Direct F3
transaction BNET Options )right to buy) Disposed to Issuer $0 -2.43M -97.58% $0.00 60.1K Apr 1, 2024 Common Stock 0 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 As of April 1, 2024, Mr. Smith and his spouse are the owners of 4,421,102 shares of common stock. 1,624,323 shares are registered to Mr. Smith's wife. The total number of shares of common stock was understated, in error, on the February 14, 2024 Form 4 report by 4,847 shares.
F2 As of March 31, 2024, the balance of the 2020 Convertible Obligation owned by Mr. Smith was $119,903.63 convertible into 239,808 units (each unit consisting of one share and one warrant exercisable at $.75/warrant). Each warrant carries the potential to have a price adjustment of 75%.
F3 On April 1, Mr. Smith voluntarily waived all claim to $56,250 of his deferred compensation which was convertible into 75,000 shares of common stock. The balance of his deferred compensation as of April 1, 2024 is $45,100 which is convertible into 60,134 shares of common stock.
F4 On April 1, 2024, Mr. Smith voluntarily surrendered 2,425,000 options (in aggregate) for cancellation.