Dominic Bassani - Jan 3, 2025 Form 4 Insider Report for BION ENVIRONMENTAL TECHNOLOGIES INC (BNET)

Role
Ceased being an affiliate(8)
Signature
/s/ Linda Bassani Individually and on the behalf of the Dominic Bassani Estate
Stock symbol
BNET
Transactions as of
Jan 3, 2025
Transactions value $
$0
Form type
4
Date filed
1/24/2025, 02:45 PM
Previous filing
Jul 9, 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 1.44M Jan 3, 2025 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 The holdings of Danielle Lominy Other $0 -8.24M -100% $0.00 0 Jan 3, 2025 See Note 8.24M $0.50 Direct F8
holding BNET Convertible Deferred Compensation 71K Jan 3, 2025 Common Stock 71K $0.17 By Estate F2
holding BNET Adjusted 2015 Replacement Note 2 68.8K Jan 3, 2025 Common Stock 154K $0.12 By Estate F3
holding BNET 2015 Replacement Note 1 278K Jan 3, 2025 Common Stock 278K $0.60 By Estate F4
holding BNET 2020 Convertible Collateral Note 761K Jan 3, 2025 Common Stock 761K $0.50 By Estate F5
holding BNET 2020 Convertible Collateral Note 507K Jan 3, 2025 Warrant 507K $0.50 By Estate F5
holding BNET Warrants 475K Jan 3, 2025 Common Stock 475K $0.75 By Estate and Linda Bassani F6
holding BNET Warrants (CAP2017) 740K Jan 3, 2025 Common Stock 740K $0.75 By Estate and Linda Bassani F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Dominic Bassani 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 January 3, 2025, 1,444,968 shares of common stock are owned by Linda Bassani who is the executor of the Dominic Bassani Estate "DB Estate".
F2 As of January 3, 2025, the DB Estate owns $12,071.48 of deferred compensation which is convertible $.17/share. The conversion price is calculated by the average market price of the last ten days of the prior month (Dec 2024)
F3 As of January 3, 2025, the DB Estate owns the 2015 Replacement Note #2 with a balance of $7906.66 which is convertible into 68,754 shares of common stock at $.115/share. The maturity date of this note is 4/15/2025.
F4 As of January 3, 2025, the DB Estate owns the 2015 Replacement Note #1 with a balance of $166,782.66 which is convertible into 277,972 shares of common stock at $.60/share. The maturity date of this note is 4/15/2025.
F5 As of January 3, 2025, the DB Estate owns the 2020 Convertible Collateral Note with a balance of $380,337.56 which is convertible into 760,765 shares and 507,371 warrants. The maturity date of this convertible note is 4/15/2025.
F6 As of January 3, 2025, the DB Estate owns 325,000 warrants $.75 until 4/15/2025 and Linda Bassani owns 100,000 warrants @ $.75 until 4/15/2025. These warrants carry a potential price adjustment of 75%.
F7 As of January 3, 2025, the DB Estate owns 640,000 warrants $.75 until 4/15/2025 and Linda Bassani owns 100,000 warrants @ $.75 until 4/15/2025. These warrants carry a potential price adjustment of 90%.
F8 As of January 3, 2025, Danielle Lominy, the adult daughter of Linda Bassani , no longer resides within Linda Bassani's residence. As a result, the reported Bassani Estate and Linda Bassani's holding are substantially reduced as prior form 4's and other SEC filings included all the securities held (directly and indirectly) by Danielle Lominy. As of January 3, 2025, the DB Estate and Linda Bassani are no longer affiliates of the company as their beneficial ownership has been reduced to lower than 10%. This will be the final filing related to Linda Bassani and the DB Bassani Estate based on the residual beneficial ownership set forth above.

Remarks:

As of January 3, Danielle Lominy's ownership includes 170,000 shares held directly by Ms. Lominy, 1,511,477 shares underlying warrants held by the Danielle Christine Bassani Trust, 400,000 shares owned by the Danielle Bassani Trust, 311,458 shares underlying warrants and 105,000 shares underlying warrants owned jointly with husband and 230,000 shares underlying warrants owned by Danielle Lominy's minor daughter. In addition, Danielle is the 50% beneficial owner of the Dominic Bassani Irrevocable Trust ("2019 Trust") which owns 3,000,000 warrants to purchase shares of the Company's common stock and, as a result Danielle Lominy is the beneficial owner of 1,500,000 shares underlying exercise of the warrants. Additionally, the 2019 Trust owns $459,277.02 principal amount of the Company's Adjusted 2020 Convertible Obligation ("CV Obligation") which is convertible @ $.0953 into 4,819,277 shares and 3,214,458 warrants. As a result, Danielle Lominy is the beneficial owner of 2,49,639 shares underlying conversion of the CV Obligation and 1,607,229 shares underlying the warrants issuable on conversion of the CV Obligation. See Danielle Lominy's Form 4 filing on January 22, 2025 for changes in ownership.