Stephen Craig Scott - 16 Dec 2024 Form 4 Insider Report for BION ENVIRONMENTAL TECHNOLOGIES INC (BNET)

Role
CEO, Director
Signature
/s/ Stephen Craig Scott
Issuer symbol
BNET
Transactions as of
16 Dec 2024
Transactions value $
$25,000
Form type
4
Filing time
16 Dec 2024, 20:15:37
Previous filing
26 Jun 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding BNET Common Stock 478K 16 Dec 2024 Direct
holding BNET Common Stock 4K 16 Dec 2024 By spouse

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 Promissory Note Other $25K $25K 16 Dec 2024 Common Stock By spouse F1
holding BNET Warrants 574K 16 Dec 2024 Common Stock 574K Direct F2
holding BNET Option to Buy 1.55M 16 Dec 2024 Common Stock 1.55M Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On Dec 16, 2024, Mr. Scott's spouse purchased a Convertible Promissory Note in the principal amount of $25,000. The Note is secured by the Company's Intellectual Property (IP)/Patents. The Note will convert into securities in the Company at the terms of a later capital raise (or other source of funding) in excess of $3.0 million. The maturity date of the note is December 31, 2025.
F2 573,747 warrants were issued on various dates from 2004 to 2021. 428,569 warrants carry a potential price adjustment of 50%, 85,000 warrants carry a potential price adjustment of 90% and 60,178 warrants have no price adjustment.
F3 1,545,000 options were issued on various dates from 2005 to 2023 with exercise prices ranging from $.60 to $2.00 and expiration dates from 12/31/2024 to 12/31/2026. These options carry a potential exercise bonus of 50%.