Christopher B. Parlow - 30 Jun 2024 Form 4 Insider Report for BION ENVIRONMENTAL TECHNOLOGIES INC (BNET)

Role
10%+ Owner
Signature
/s/ Christopher B. Parlow
Issuer symbol
BNET
Transactions as of
30 Jun 2024
Net transactions value
$0
Form type
4
Filing time
03 Jul 2024, 12:03:06 UTC
Previous filing
27 Feb 2023
Next filing
22 Jan 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding BNET Common Stock 67,005 30 Jun 2024 Jointly with wife
holding BNET Common Stock 250,000 30 Jun 2024 By Trust
holding BNET Common Stock 50,000 30 Jun 2024 Minor Children

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) Disposed to Issuer $0 -500,000 -100% $0.000000* 0 30 Jun 2024 Common Stock 0 $0.7500 D. Bassani 2019 Irrevocable Trust F1
holding BNET Warrants 1,614,000 30 Jun 2024 Common Stock 1,614,000 By Trust F2
holding BNET Warrants 150,000 30 Jun 2024 Common Stock 150,000 Direct F3
holding BNET Warrants 147,154 30 Jun 2024 Common Stock 147,154 Direct F4
holding BNET Warrants 459,780 30 Jun 2024 Common Stock 459,780 By Children F5
holding BNET Warrants 1,500,000 30 Jun 2024 Common Stock 1,500,000 D. Bassani 2019 Irrevocable Trust F6
holding BNET Adjusted 2020 Trust Convertible Obligation 229,639 30 Jun 2024 See Note D. Bassani 2019 Irrevocable Trust F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On June 30, 2024, Christopher Parlow voluntarily surrendered 500,000 options registered to the Dominic Bassani 2019 Irrevocable Trust ("2019 Trust") for cancellation. Christopher Parlow is the 50% beneficial owner of 1,000,000 options registered to the 2019 Trust.
F2 As of June 30, 2024, 1,614,000 shares underlying warrants are held by the Christopher Parlow Trust with the exercise price of $.75 until
F3 As of June 30, 2024, Mr. Parlow is the owner of 150,000 warrants with the exercise price of $.75 until January 15, 2025. These warrants carry a potential price adjustment of 90%.
F4 As of June 30, 2024, 147,154 warrants are jointly owned with Christopher's spouse with the exercise price of $.75 until January 15, 2025. These warrants carry a potential price adjustment of 75%.
F5 As of June 30, 2024, 459,780 warrants are registered to Mr. Parlow's minor children who reside with him. These warrants have an exercise price of $.75 with the potential price adjustment ranging from 75% to 90%. These warrants will expire on January 15, 2025.
F6 As of June 30, 2024, Mr. Parlow is the owner of 1,500,000 warrants as 50% beneficial owner of the 2019 Trust. These warrants are exercisable at $.75 until January 15, 2025 and carry a potential price adjustment of 75%.
F7 As of June 30, 2024 Mr. Parlow is the 50% beneficial owner of the Adjusted 2020 Trust Convertible Obligation in the amount of $459,277.02. As a result, Mr. Parlow is the owner of $229,638.51 of the note balance which is convertible @ $.0953 into 2,409,639 shares and 1,607,229 warrants.