Mark A. Smith - Mar 7, 2023 Form 4 Insider Report for BION ENVIRONMENTAL TECHNOLOGIES INC (BNET)

Role
President, Director, 10%+ Owner
Signature
/s/ Mark Smith
Stock symbol
BNET
Transactions as of
Mar 7, 2023
Transactions value $
-$70,000
Form type
4
Date filed
3/9/2023, 05:14 PM
Previous filing
Feb 27, 2023
Next filing
Apr 5, 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BNET Common Stock Award $0 +740K +241.36% $0.00 1.05M Mar 7, 2023 Direct F1
transaction BNET Common Stock Gift $0 -300K -28.67% $0.00 747K Mar 7, 2023 Direct F2
holding BNET Common Stock 53.8K Mar 7, 2023 Wife IRA
holding BNET Common Stock 62.5K Mar 7, 2023 MAS IRA
holding BNET Common Stock 12.7K Mar 7, 2023 Lotaylingkyur Foundation

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 2020 Convertible Obligation Disposed to Issuer -$70K 2.19M Mar 7, 2023 Common Stock $0 $0.50 Direct F1
transaction BNET Class MARCON Warrants Award $0 +740K $0.00 740K Mar 7, 2023 Common Stock 740K $0.75 Direct F1
transaction BNET Class MARCON Warrants Gift $0 -410K -55.41% $0.00 330K Mar 7, 2023 Common Stock 410K $0.75 Direct F1, F3
holding BNET Various Other Classes-Warrants 1.27M Mar 7, 2023 Common Stock 1.27M Direct F4
holding BNET Options (right to buy) 2.43M Mar 7, 2023 Common Stock 2.43M Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 7, 2023, Mr. Smith converted $70,000 of principal from his Adjusted 2020 Convertible note into 739,958 Units; each unit consisting of one share and one warrant with the exercise price of $.75 until 3/7/2026. Each of these warrants carry an exercise bonus of 75%.
F2 On March 7, Mr. Smith gifted/donated 300,000 shares to various nonprofit entities and/or family members. Of the 439,958 shares not gifted, 250,000 shares are registered to Mr. Smith's wife.
F3 On March 7, 2023, Mr. Smith gifted/donated 410,000 warrants to various nonprofit entities and/or family members. Of the 329,958 warrants not gifted, 250,000 warrants are registered to Mr. Smith's wife.
F4 As of March 7, 2023, Mr. Smith is the direct owner of 1,271,944 underlying other warrants in addition to those acquired in the March 7, 2023 conversion (see Note 1). These warrants are comprised of various classes and various prices with expiration dates ranging from 2024 to 2025 and exercise bonus terms ranging from 75% to 90%.
F5 As of March 7, 2023, Mr. Smith is the direct owner of 2,425,000 underlying options. These options are comprised of various classes and various prices with expiration dates ranging from 2024 to 2026 and exercise bonus terms ranging from 75% to 90%.