Sec Form 4 Filing - Parlow Christopher B. @ BION ENVIRONMENTAL TECHNOLOGIES INC - 2025-01-18

Insider filing report for Changes in Beneficial Ownership
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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
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1. Name and Address of Reporting Person
Parlow Christopher B.
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)
23 LONGBOW DRIVE
3. Date of Earliest Transaction (MM/DD/YY)
01/18/2025
(Street)
COMMACK, NY11725
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 67,005 I Jointly with wife
Common Stock 250,000 I By Trust
Common Stock 50,000 I Minor Children
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
CPTrust-1 Warrants $ 0.75 01/18/2025 D( 1 ) 618,750 ( 1 ) ( 1 ) ( 1 ) Common Stock 0 $ 0 995,250 ( 1 ) I Christopher Parlow Trust
Warrants ( 2 ) ( 2 ) ( 2 ) Common Stock 150,000 150,000 D
Warrants ( 3 ) ( 3 ) ( 3 ) Common Stock 147,154 147,154 D
Warrants ( 4 ) ( 4 ) ( 4 ) Common Stock 459,780 459,780 I By Children
Warrants ( 5 ) ( 5 ) ( 5 ) Common Stock 1,500,000 1,500,000 I D. Bassani 2019 Irrevocable Trust
Adjusted 2020 Trust Convertible Obligation ( 6 ) ( 6 ) ( 6 ) See Note ( 6 ) ( 6 ) 229,638.51 ( 6 ) I D. Bassani 2019 Irrevocable Trust
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Parlow Christopher B.
23 LONGBOW DRIVE
COMMACK, NY11725
X
Signatures
/s/ Christopher B. Parlow 01/22/2025
Signature of Reporting Person Date
Explanation of Responses:
( 1 )On January 18, 2025, Christopher Parlow voluntarily surrendered 618,750 Class CPTrust-1 warrants registered to the Christopher Parlow Trust for cancellation. There are 995,250 Class CPTrust-1 warrants remaining with the exercise price of $.75 until April 15, 2025. These warrants carry a potential price adjustment ranging from 75% to 90%.
( 2 )As of January 18, 2025, Mr. Parlow is the owner of 150,000 warrants with the exercise price of $.75 until April 15, 2025. These warrants carry a potential price adjustment of 90%. 1,614,000 shares underlying warrants are held by the Christopher Parlow Trust with the exercise price of $.75 until January 15, 2025. These warrants carry a potential price adjustment of 75%.
( 3 )As of January 18, 2025, 147,154 warrants are jointly owned with Christopher's spouse with the exercise price of $.75 until January 15, 2025. These warrants carry a potential price adjustment of 75%.
( 4 )As of January 18, 2025 459,780 warrants are registered to Mr. Parlow's minor children who reside with him. These warrants have an exercise price of $.75 with the potential price adjustment ranging from 75% to 90%. These warrants will expire on January 15, 2025.
( 5 )As of June 30, 2024, Mr. Parlow is the owner of 1,500,000 warrants as 50% beneficial owner of the 2019 Trust. These warrants are exercisable at $.75 until April 15, 2025 and carry a potential price adjustment of 75%.
( 6 )As of January 18, 2025 Mr. Parlow is the 50% beneficial owner of the Adjusted 2020 Trust Convertible Obligation in the amount of $459,277.02. As a result, Mr. Parlow is the owner of $229,638.51 of the note balance which is convertible @ $.0953 into 2,409,639 shares and 1,607,229 warrants.

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