Mark A. Smith - 01 Oct 2023 Form 4 Insider Report for BION ENVIRONMENTAL TECHNOLOGIES INC (BNET)

Role: President, Director, 10%+ Owner
Signature: /s/ Mark A. Smith
Issuer symbol: BNET
Transactions as of: 01 Oct 2023
Net transactions value: +$80,768
Form type: 4
Filing time: 04 Oct 2023, 19:40:30 UTC
Previous filing: 28 Jul 2023
Next filing: 08 Jan 2024
SEC: View on sec.gov

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	Award	$80,768				$117,553	01 Oct 2023	Common Stock	$80,767	$0.5000	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On October 1 , Mr. Smith transferred $80,766.67 of deferred compensation to his 2020 Collateral Convertible Note. The Balance of the 2020 Collateral Convertible Note of $117,552.58 is convertible into 235,106 units; each unit consisting of one share and one warrant with the exercise price of $.75 until 6/4/2026. Each of these warrants carry a price adjustment provision equal to 75% of exercise price.

Content

On October 1 , Mr. Smith transferred $80,766.67 of deferred compensation to his 2020 Collateral Convertible Note. The Balance of the 2020 Collateral Convertible Note of $117,552.58 is convertible into 235,106 units; each unit consisting of one share and one warrant with the exercise price of $.75 until 6/4/2026. Each of these warrants carry a price adjustment provision equal to 75% of exercise price.