{"transactions":[{"id":1381622,"issuer":{"id":8007,"kind":"organization","name":"BION ENVIRONMENTAL TECHNOLOGIES INC"},"owners":[{"id":86573,"kind":"person","name":"Weerts Robert D.","position":1,"cik":"0002029502","reported_name":"Weerts Robert D.","relationship":{"director":true,"officer":false,"ten_percent_owner":false,"other":false}}],"security":"Convertible Promissory Note","published_at":"2024-10-25T20:53:40.000Z","date":"2024-10-15","kind":"other","planned":false,"acquired":true,"price":0,"reported_value":100000,"ownership":{"direct":false,"nature":"Bion BLG, LLC"},"footnotes":[{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F1","text":"On October 22, 2024, Bion's Board of Directors ratified an agreement, with the Bion BLG, LLC, loan group, effective 10/15/2024, to purchase a Convertible Promissory Note in the principal amount of up to $500,000. Mr. Weerts and two other Bion Directors are members of the loan group and together comprise 60% ownership of the loan group (and Promissory Note) (each member owns 20%). The Note is secured by the Company's Intellectual Property (IP)/patents. The Note will convert into securities in the Company at the terms of a later capital raise (or other source of funding) in excess of $3.0 million, which must be completed within six (6) months, and other terms as defined in the Note and Security Agreements (see exhibits to Form 8-K filed 10/24/2024)."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F1","text":"On October 22, 2024, Bion's Board of Directors ratified an agreement, with the Bion BLG, LLC, loan group, effective 10/15/2024, to purchase a Convertible Promissory Note in the principal amount of up to $500,000. Mr. Weerts and two other Bion Directors are members of the loan group and together comprise 60% ownership of the loan group (and Promissory Note) (each member owns 20%). The Note is secured by the Company's Intellectual Property (IP)/patents. The Note will convert into securities in the Company at the terms of a later capital raise (or other source of funding) in excess of $3.0 million, which must be completed within six (6) months, and other terms as defined in the Note and Security Agreements (see exhibits to Form 8-K filed 10/24/2024)."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F1","text":"On October 22, 2024, Bion's Board of Directors ratified an agreement, with the Bion BLG, LLC, loan group, effective 10/15/2024, to purchase a Convertible Promissory Note in the principal amount of up to $500,000. Mr. Weerts and two other Bion Directors are members of the loan group and together comprise 60% ownership of the loan group (and Promissory Note) (each member owns 20%). The Note is secured by the Company's Intellectual Property (IP)/patents. The Note will convert into securities in the Company at the terms of a later capital raise (or other source of funding) in excess of $3.0 million, which must be completed within six (6) months, and other terms as defined in the Note and Security Agreements (see exhibits to Form 8-K filed 10/24/2024)."},{"field":"valueOwnedAfter","element":"valueOwnedFollowingTransaction","label":"F1","text":"On October 22, 2024, Bion's Board of Directors ratified an agreement, with the Bion BLG, LLC, loan group, effective 10/15/2024, to purchase a Convertible Promissory Note in the principal amount of up to $500,000. Mr. Weerts and two other Bion Directors are members of the loan group and together comprise 60% ownership of the loan group (and Promissory Note) (each member owns 20%). The Note is secured by the Company's Intellectual Property (IP)/patents. The Note will convert into securities in the Company at the terms of a later capital raise (or other source of funding) in excess of $3.0 million, which must be completed within six (6) months, and other terms as defined in the Note and Security Agreements (see exhibits to Form 8-K filed 10/24/2024)."}],"derivative":{"expiration_date":"2025-04-15","underlying":"Common Stock"},"source":{"system":"sec-edgar","filing":"0001079973-24-001446","document":"ownership.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/875729/000107997324001446/ownership.xml","form_type":"4"}}]}