Dominic Bassani - Jun 30, 2024 Form 4 Insider Report for BION ENVIRONMENTAL TECHNOLOGIES INC (BNET)

Role
10%+ Owner
Signature
/s/ Linda Bassani Individually and on the behalf of the Dominic Bassani Estate
Stock symbol
BNET
Transactions as of
Jun 30, 2024
Transactions value $
-$669,986
Form type
4
Date filed
7/9/2024, 03:37 PM
Previous filing
Feb 27, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding BNET Common Stock 1.44M Jun 30, 2024 Dominic Bassani Estate 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 Convertible Deferred Compensation Other -$300K 0 Jun 30, 2024 Common Stock 400K $0.75 By Estate F2
transaction BNET Convertible Deferred Compensation Other -$352K 0 Jun 30, 2024 Common Stock 371K $0.95 By Estate F2
transaction BNET Options (right to buy) Other $0 -3.03M -100% $0.00* 0 Jun 30, 2024 Common Stock 3.03M $0.75 By Estate F3
transaction BNET Adjusted 2015 Replacement Note 2 Other -$17.7K 68.8K Jun 30, 2024 Common Stock 154K $0.12 By Estate F4
holding BNET Warrants 475K Jun 30, 2024 Common Stock 475K $0.75 By Estate and Linda Bassani F5
holding BNET Warrants (CAP2017) 740K Jun 30, 2024 Common Stock 740K $0.75 By Estate and Linda Bassani F6
holding BNET 2020 Convertible Collateral Note 748K Jun 30, 2024 Common Stock 748K $0.50 By Estate F7
holding BNET 2020 Convertible Collateral Note 494K Jun 30, 2024 Warrants 494K $0.50 By Estate F7
holding BNET 2015 Replacement Note 1 274K Jun 30, 2024 Common Stock 274K $0.60 By Estate F8
holding BNET The holdings of Danielle Lominy 748K Jun 30, 2024 See Note $0.50 By Estate F7, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On November 11, 2023, Dominic Bassani (The Company's COO) passed away (see 8k filed 11/15/2023) leaving his ownership in Bion securities to his spouse, Linda Bassani, who is the executor of the Dominic Bassani Estate "DB Estate".
F2 On June 30, 2024 the "DB Estate" voluntarily surrendered 770,792 shares that would have been issued as the result of the conversion of $652,252.15 of deferred compensation. $300,000 was convertible @ $.75/share and $352,252.15 was convertible @ $.95 under the terms of his agreement.
F3 On June 30, 2024, the DB Estate voluntarily surrendered 3,025,000 options with exercise prices ranging from $.75 to $ 1.20 and with a price adjustment ranging from 75% to 90%. These options had expiration dates from 1/15/2025 to 12/31/2026.
F4 On June 30, 2024, the DB Estate voluntarily surrendered $17,733.92 of the Adjusted 2015 Replacement Note # 2 balance which was convertible into 154,208 shares of common stock at $.115. The balance of the note after this transaction is $7,906.66 which is convertible into 68,754 shares of common stock under the same terms. The maturity date of this note is 1/15/2025.
F5 As of June 30, 2024, the DB Estate owns 325,000 warrants @ $.75 until 1/15/2025 and Linda Bassani owns 150,000 warrants @ $.75 until 1/15/2025. These warrants carry a potential price adjustment of 75%.
F6 As of June 30, 2024, the DB Estate owns 640,000 warrants @ $.75 until 1/15/2025 and Linda Bassani owns 100,000 warrants @ $.75 until 1/15/2025. These warrants carry a potential price adjustment of 90%.
F7 As of June 30, 2024, the DB Estate is the owner of the 2020 Convertible Collateral Note with a balance of $373,998.60 which is convertible into 747,998 shares and 493,679 warrants. The maturity date of this convertible note is 1/15/2025.
F8 As of June 30, 2024 the DB Estate is the owner of the 2015 Replacement Note #1 with a balance of $164,182.66. This note is convertible into 273,638 shares. The maturity date of this convertible note is 1/15/2025.
F9 Included in the holdings of the DB Estate are all the securities held (directly and indirectly) by Danielle Lominy, the adult daughter of Linda Bassani who resides within Linda Bassani's residence. See Form 4 filing of 7/2/2024 for Danielle Lominy.