Sec Form 4 Filing - Schafer Edward T @ BION ENVIRONMENTAL TECHNOLOGIES INC - 2025-01-16

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 Schafer Edward T 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 _____ 10% Owner _____ Officer (give title below) X __ Other (specify below) Former Board member-12/31/24 (Last) (First) (Middle) 9 EAST PARK CT. 3. Date of Earliest Transaction (MM/DD/YY) 01/16/2025 (Street) OLD BETHPAGE, NY11804 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 ) 158,254 D

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 Adjusted 2015 Convertble Note $ 0.115 01/16/2025 J( 4 ) ( 2 ) ( 2 ) See footnote ( 2 ) 0 ( 2 ) $ 0 0 ( 2 ) D Adjust 2020 Convertible Obligation $ 0.0953 ( 3 ) ( 3 ) See footnote ( 3 ) $ 101,973.02 ( 3 ) $ 101,973.02 ( 3 ) D Options Right to buy ( 4 ) ( 4 ) ( 4 ) ( 4 ) Common Stock 1,215,000 ( 4 ) 1,215,000 ( 4 ) D Class Coverage Warrants ( 5 ) $ 0.75 ( 5 ) ( 5 ) Common Stock 23,934 ( 5 ) 23,934 ( 5 ) D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Schafer Edward T 9 EAST PARK CT. OLD BETHPAGE, NY11804 Former Board member-12/31/24 Signatures /s/ Edward Schafer 01/28/2025 Signature of Reporting Person Date

Explanation of Responses:

( 1 )As of 1/16/2025 Mr. Schafer owns 158,254 shares of Common Stock. Effective 12/31/2024, Mr. Schafer retired from the Board of Directors of Bion Environmental Technologies, Inc.. This will be the final filing for Mr. Schafer. ( 2 )Effective 1/16/2025, Mr. Schafer voluntarily surrendered 36,918 shares that would have been issued as the result of the conversion of $4,245.48 of the Adjusted 2015 Convertible Note. ( 3 )As of 1/16/2025, Mr. Schafer is the owner of the Adjusted 2020 Convertible Note. The balance of the note is $101,973.02 and is convertible at $.0953 into 1,070,021 shares and 535,011 warrants. The maturity date of this note is 4/15/25. ( 4 )As of 1/16/2025, Mr. Schafer owns 1,215,000 options to purchase common stock with exercise prices ranging from $.60 to $1.20 and expiration dates ranging from 12/31/2025 to 12/31/2026. These options carry the potential price adjustment of 75%. ( 5 )As of 1/16/2025, Mr. Schafer owns 23,934 warrants with an exercise price of $.75 until 12/31/2026. These warrants carry a potential price adjustment of 75%.

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).

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