Schafer Edward T. - 16 Jan 2025 Form 4 Insider Report for BION ENVIRONMENTAL TECHNOLOGIES INC (BNET)

Role
Former Board member-12/31/24
Signature
/s/ Edward Schafer
Issuer symbol
BNET
Transactions as of
16 Jan 2025
Net transactions value
-$4,245
Form type
4
Filing time
28 Jan 2025, 11:01:15 UTC
Previous filing
27 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 158,254 16 Jan 2025 Direct 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 Adjusted 2015 Convertble Note Other $4,245 0 16 Jan 2025 See footnote 0 $0.1150 Direct F2, F4
holding BNET Adjust 2020 Convertible Obligation $101,973 16 Jan 2025 See footnote $101,973 $0.0953 Direct F3
holding BNET Options Right to buy 1,215,000 16 Jan 2025 Common Stock 1,215,000 Direct F4
holding BNET Class Coverage Warrants 23,934 16 Jan 2025 Common Stock 23,934 $0.7500 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Schafer Edward T. 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 1/16/2025 Mr. Schafer owns 158,254 shares of Common Stock. Effective 12/31/2024, Mr. Schafer retired from the Board of Directors of Bion Environmental Technologies, Inc.. This will be the final filing for Mr. Schafer.
F2 Effective 1/16/2025, Mr. Schafer voluntarily surrendered 36,918 shares that would have been issued as the result of the conversion of $4,245.48 of the Adjusted 2015 Convertible Note.
F3 As of 1/16/2025, Mr. Schafer is the owner of the Adjusted 2020 Convertible Note. The balance of the note is $101,973.02 and is convertible at $.0953 into 1,070,021 shares and 535,011 warrants. The maturity date of this note is 4/15/25.
F4 As of 1/16/2025, Mr. Schafer owns 1,215,000 options to purchase common stock with exercise prices ranging from $.60 to $1.20 and expiration dates ranging from 12/31/2025 to 12/31/2026. These options carry the potential price adjustment of 75%.
F5 As of 1/16/2025, Mr. Schafer owns 23,934 warrants with an exercise price of $.75 until 12/31/2026. These warrants carry a potential price adjustment of 75%.