Form 4: Danielle Lominy Reports Changes in Beneficial Ownership of Bion Environmental Technologies Inc.
SEC Form 4 Filing
Danielle Lominy, a director of Bion Environmental Technologies Inc., reports changes in her beneficial ownership of the company's securities, including the surrender of warrants and adjustments to holdings in trusts.
Summary
- On January 18, 2025, Danielle Lominy, a director of Bion Environmental Technologies Inc. (BNET), filed a Form 4 detailing changes in her beneficial ownership.
- Ms. Lominy voluntarily surrendered 618,750 Class DCBTrust-1 warrants for cancellation.
- She directly owns 311,458 warrants exercisable at $0.75 until April 15, 2025, with a potential price adjustment ranging from 75% to 90%.
- 105,000 warrants are jointly owned with her spouse, also exercisable at $0.75 until April 15, 2025, with a 75% potential price adjustment.
- Her minor daughter owns 230,000 warrants, exercisable at $0.75 until April 15, 2025, with a potential price adjustment ranging from 75% to 90%.
- Ms. Lominy is a 50% beneficial owner of the 2019 Trust, holding 1,500,000 warrants exercisable at $0.75 until June 30, 2025, with a 75% potential price adjustment.
- She is also a 50% beneficial owner of the Adjusted 2020 Trust Convertible Obligation, owning $229,638.51 of the note balance, which is convertible at $0.0953 into 2,409,639 shares and 1,607,229 warrants.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral. It simply reports transactions and holdings.
Industry Context
This filing is a routine disclosure of changes in beneficial ownership by a company insider, as required by the SEC. It provides transparency to the market regarding the holdings and transactions of key individuals within the company.
Key Dates
| Date | Description |
|---|---|
| 01/18/2025 | Date of transaction: Surrender of warrants and adjustments to trust holdings. |
| 01/22/2025 | Date of signature on the Form 4. |
| 04/15/2025 | Expiration date for several warrant holdings. |
| 06/30/2024 | Date of warrant registration to Ms. Lominy's minor daughter. |
| 06/30/2025 | Expiration date for warrants held in the 2019 Trust. |
Keywords
beneficial ownership, Form 4, Bion Environmental Technologies, warrants, convertible obligation, securities, trust, director
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