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Director linked entities report large CEA Industries (BNC) warrant positions

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
3

Rhea-AI Filing Summary

CEA Industries Inc. director Thomas Hans filed an initial ownership report showing indirect holdings of warrants to purchase common stock. The filing lists 2,376,239 warrants held by 10X BNB Cayman Sponsor and 990,099 warrants held by 10X Capital Partners LLC. Hans is manager of both entities and may be deemed to beneficially own these securities, but he disclaims beneficial ownership except to the extent of his pecuniary interest.

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SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0104
Estimated average burden
hours per response: 0.5
1. Name and Address of Reporting Person*
Thomas Hans

(Last) (First) (Middle)
385 PIERCE AVE STE C

(Street)
LOUISVILLE CO 80027

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
08/05/2025
3. Issuer Name and Ticker or Trading Symbol
CEA Industries Inc. [ BNC ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
5. 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 Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Warrants to purchase Common Stock 08/05/2025 08/05/2032 Common Stock 2,376,239 $0.0001 I By 10X BNB Cayman Sponsor(1)
Warrants to purchase Common Stock 08/05/2025 08/05/2030 Common Stock 990,099 $10.23 I By 10X Capital Partners LLC(2)
Explanation of Responses:
1. Reporting Person was the manager of 10X BNB Cayman Sponsor and may be deemed to have beneficial ownership of the securities held by 10X BNB Cayman Sponsor. The reporting person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
2. Reporting Person is the manager of 10X Capital Partners LLC and may be deemed to have beneficial ownership of the securities held by 10X Capital Partners LLC. The reporting person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
Remarks:
Exhibit 24- Power of Attorney
/s/ Hans Thomas 03/02/2026
** 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 5 (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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What does the CEA Industries (BNC) Form 3 filed by Thomas Hans show?

The Form 3 shows director Thomas Hans reporting indirect ownership of warrants to purchase CEA Industries common stock through two entities he manages, providing transparency about his potential economic interests in the company’s securities.

How many CEA Industries (BNC) warrants are reported as held by 10X BNB Cayman Sponsor?

The filing reports 2,376,239 warrants to purchase CEA Industries common stock held by 10X BNB Cayman Sponsor. These warrants are reported as indirectly owned, with Hans as manager but disclaiming beneficial ownership beyond his pecuniary interest.

How many CEA Industries (BNC) warrants are reported as held by 10X Capital Partners LLC?

The Form 3 lists 990,099 warrants to purchase CEA Industries common stock held by 10X Capital Partners LLC. Hans is manager of this entity and may be deemed a beneficial owner, subject to his stated pecuniary interest limitation.

Are the CEA Industries (BNC) warrants held directly by Thomas Hans?

No. The warrants are reported as held indirectly through 10X BNB Cayman Sponsor and 10X Capital Partners LLC. Hans is manager of these entities but disclaims beneficial ownership of the securities except to the extent of his pecuniary interest.

Does the CEA Industries (BNC) Form 3 show any insider buying or selling?

The Form 3 primarily reports existing holdings of warrants, with transaction codes marked as unknown and no share amounts listed as bought or sold. It functions as an initial ownership disclosure rather than a record of recent trades.
CEA Industries

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