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

Role
President, Director, 10%+ Owner
Signature
Mark Smith
Issuer symbol
BNET
Transactions as of
31 Mar 2024
Net transactions value
+$119,904
Form type
4
Filing time
03 Apr 2024, 11:00:06 UTC
Previous filing
14 Feb 2024
Next filing
01 Aug 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 -4,847 -0.11% $0.000000 4,421,102 01 Apr 2024 Direct F1
holding BNET Common Stock 85,354 31 Mar 2024 Lotaylingkyur LLC
holding BNET Common Stock 53,756 31 Mar 2024 Wife IRA
holding BNET Common Stock 62,535 31 Mar 2024 MAS IRA
holding BNET Common Stock 12,681 31 Mar 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 $119,904 239,808 31 Mar 2024 Common Stock 239,808 $0.5000 Direct F2
transaction BNET Deferred Compensation Disposed to Issuer $0 -75,000 -56% $0.000000 60,134 01 Apr 2024 Common Stock 60,134 $0.7500 Direct F3
transaction BNET Options )right to buy) Disposed to Issuer $0 -2,425,000 -98% $0.000000 60,134 01 Apr 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.