Sec Form 4 Filing - Bassani Dominic @ BION ENVIRONMENTAL TECHNOLOGIES INC - 2024-06-30

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL OMB Number: 3235-0287 Expires: November 30, 2011 Estimated average burden hours per response... 0.5

1. Name and Address of Reporting Person Bassani Dominic 2. Issuer Name and Ticker or Trading Symbol BION ENVIRONMENTAL TECHNOLOGIES INC [ BNET] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director X __ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) C/O BRIGHT CAPITAL, LTD, 64 VILLAGE HILL DRIVE 3. Date of Earliest Transaction (MM/DD/YY) 06/30/2024 (Street) DIX HILLS, NY11746 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 1,444,968 ( 1 ) I Dominic Bassani Estate ( 1 )

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Convertible Deferred Compensation $ 0.75 06/30/2024 J ( 2 ) ( 2 ) Common Stock 400,000 ( 2 ) $ 0 0 ( 2 ) I By Estate Convertible Deferred Compensation $ 0.95 06/30/2024 J ( 2 ) ( 2 ) Common Stock 370,792 ( 2 ) $ 0 0 ( 2 ) I By Estate Options (right to buy) $ 0.75 ( 3 ) 06/30/2024 J 3,025,000 ( 3 ) ( 3 ) ( 3 ) Common Stock 3,025,000 ( 3 ) $ 0 0 ( 3 ) I By Estate Adjusted 2015 Replacement Note 2 $ 0.115 06/30/2024 J ( 4 ) ( 4 ) Common Stock 154,208 ( 4 ) $ 0 68,754 ( 4 ) I By Estate Warrants $ 0.75 ( 5 ) ( 5 ) Common Stock 475,000 ( 5 ) 475,000 ( 5 ) I By Estate and Linda Bassani Warrants (CAP2017) $ 0.75 ( 6 ) ( 6 ) Common Stock 740,000 ( 6 ) 740,000 ( 6 ) I By Estate and Linda Bassani 2020 Convertible Collateral Note $ 0.5 ( 7 ) ( 7 ) Common Stock 747,998 ( 7 ) 747,998 ( 7 ) I By Estate 2020 Convertible Collateral Note $ 0.5 ( 7 ) ( 7 ) Warrants 493,679 ( 7 ) 493,679 ( 7 ) I By Estate 2015 Replacement Note 1 $ 0.6 ( 8 ) ( 8 ) Common Stock 273,638 ( 8 ) 273,638 ( 8 ) I By Estate The holdings of Danielle Lominy ( 9 ) $ 0.5 ( 9 ) ( 9 ) ( 9 ) See Note ( 9 ) ( 9 ) 747,998 ( 7 ) I By Estate

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Bassani Dominic C/O BRIGHT CAPITAL, LTD 64 VILLAGE HILL DRIVE DIX HILLS, NY11746 X Signatures /s/ Linda Bassani Individually and on the behalf of the Dominic Bassani Estate 07/08/2024 Signature of Reporting Person Date

Explanation of Responses:

( 1 )On November 11, 2023, Dominic Bassani (The Company's COO) passed away (see 8k filed 11/15/2023) leaving his ownership in Bion securities to his spouse, Linda Bassani, who is the executor of the Dominic Bassani Estate "DB Estate". ( 2 )On June 30, 2024 the "DB Estate" voluntarily surrendered 770,792 shares that would have been issued as the result of the conversion of $652,252.15 of deferred compensation. $300,000 was convertible @ $.75/share and $352,252.15 was convertible @ $.95 under the terms of his agreement. ( 3 )On June 30, 2024, the DB Estate voluntarily surrendered 3,025,000 options with exercise prices ranging from $.75 to $ 1.20 and with a price adjustment ranging from 75% to 90%. These options had expiration dates from 1/15/2025 to 12/31/2026. ( 4 )On June 30, 2024, the DB Estate voluntarily surrendered $17,733.92 of the Adjusted 2015 Replacement Note # 2 balance which was convertible into 154,208 shares of common stock at $.115. The balance of the note after this transaction is $7,906.66 which is convertible into 68,754 shares of common stock under the same terms. The maturity date of this note is 1/15/2025. ( 5 )As of June 30, 2024, the DB Estate owns 325,000 warrants @ $.75 until 1/15/2025 and Linda Bassani owns 150,000 warrants @ $.75 until 1/15/2025. These warrants carry a potential price adjustment of 75%. ( 6 )As of June 30, 2024, the DB Estate owns 640,000 warrants @ $.75 until 1/15/2025 and Linda Bassani owns 100,000 warrants @ $.75 until 1/15/2025. These warrants carry a potential price adjustment of 90%. ( 7 )As of June 30, 2024, the DB Estate is the owner of the 2020 Convertible Collateral Note with a balance of $373,998.60 which is convertible into 747,998 shares and 493,679 warrants. The maturity date of this convertible note is 1/15/2025. ( 8 )As of June 30, 2024 the DB Estate is the owner of the 2015 Replacement Note #1 with a balance of $164,182.66. This note is convertible into 273,638 shares. The maturity date of this convertible note is 1/15/2025. ( 9 )Included in the holdings of the DB Estate are all the securities held (directly and indirectly) by Danielle Lominy, the adult daughter of Linda Bassani who resides within Linda Bassani's residence. See Form 4 filing of 7/2/2024 for Danielle Lominy.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.