Bion Environmental (BNET) Form 4 BION ENVIRONMENTAL / Anthony Orphanos ownership change

SEC Form 4

FORM 4

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
or Section 30(h) of the Investment Company Act of 1940

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

1. Name and Address of Reporting Person^*

Orphanos Anthony

(Last) (First) (Middle)

C/O BLACKSMITH ADVISORS, LLC

320 PARK AVENUE 18TH FLOOR

(Street)

NEW YORK NY 10022

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
11/17/2022

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	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	11/17/2022		S(1)		20,000	D	$1.05	150,317	D
Common Stock	11/25/2022		S(2)		5,000	D	$1.13	145,317	D
Common Stock	12/02/2022		S(3)		4,200	D	$1.05	141,117	D
Common Stock	12/05/2022		S(4)		2,000	D	$1.23	139,117	D
Common Stock	12/06/2022		S(5)		4,800	D	$1.03	134,317	D
Common Stock	12/07/2022		S(6)		16,000	D	$1.02	118,317	D
Common Stock	12/08/2022		S(7)		8,390	D	$0.98	109,927	D
Common Stock	12/13/2022		S(8)		5,000	D	$0.99	104,927	D
Common Stock								1,425,374	I	AGO IRA
Common Stock								120,263	I	Jointly with wife

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 (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	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 (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (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: 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

Explanation of Responses:

1. On November 17, 2022, Mr. Orphanos sold 20,000 shares of common stock for $21,000.

2. On November 25, 2022, Mr. Orphanos sold 5,000 shares of common stock for $5,600.

3. On December 2, 2022, Mr. Orphanos sold 4,200 shares of common stock for $4,410.

4. On December 5, 2022, Mr. Orphanos sold 2,000 shares of common stock for $2,460.

5. On December 6, 2022, Mr. Orphanos sold 4,800 shares of common stock for $4,944.

6. On December 7, 2022, Mr. Orphanos sold 16,000 shares of common stock for $16,320.

7. On December 8, 2022, Mr. Orphanos sold 8,390 shares of common stock for $8,222.22.

8. On December 13, 2022, Mr. Orphanos sold 5,000 shares of common stock for $4,950.

	/s/ Anthony Orphanos	12/16/2022
	** Signature of Reporting Person	Date
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.
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