William O'Neill - 31 May 2024 Form 4 Insider Report for BION ENVIRONMENTAL TECHNOLOGIES INC (BNET)

Role
Prior CEO and Director
Signature
/s/ William O'Neill
Issuer symbol
BNET
Transactions as of
31 May 2024
Net transactions value
$0
Form type
4
Filing time
02 Jul 2024, 08:48:33 UTC
Previous filing
15 Feb 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding BNET Common Stock 10,088 31 May 2024 Wife HSA F1

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 Options (right to buy) Other $0 -500,000 -100% $0.000000* 0 31 May 2024 Common Stock 500,000 $1.60 Direct F2
transaction BNET Warrants Incentive-3 Other $0 -304,743 -87% $0.000000 45,257 31 May 2024 Common Stock 45,257 $1.00 Identifoods, LLC F3
holding BNET Warrants Incentive-1 300,000 31 May 2024 Common Stock 300,000 $1.00 Identifoods, LLC F3
holding BNET Warrants Incentive-2 350,000 31 May 2024 Common Stock 350,000 $1.00 Identifoods, LLC F3
holding BNET Warrents (VNETNOV-1) 50,000 31 May 2024 Common Stock 50,000 $1.50 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

William O'Neill is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 As of May 31, , 2024 Mr. O'Neill's wife is the owner of 10,088 shares of common stock in her HSA (Health Savings Account).
F2 Effective May 31 2024, the Company accepted the resignation of Mr. O'Neill as the Company's CEO and as a Director on the Board of Directors. 500,000 options with the exercise price of $1.60 until 6/30/2006 were cancelled as the resignation occurred prior to the vesting date of the options.
F3 As of May 31, 2024, pursuant to the terms of Mr. O'Neill's employee contract, 304,743 warrants of 1,000,000 warrants registered to Identifoods, LLC were cancelled. Identifoods, LLC is owned by Mr. O'Neill and his wife. As of May 31, 2024, Identifoods, LLC is the owner of 695,257 warrants at the price of $1.00 until 4/30/2026. Each of these warrants carry a price adjustment of 75%.
F4 As of May 31, 2024, Mr. O'Neill is the owner of 50,000 warrants to purchase common stock at the price of $1.50 until 11/9/2026.