Warrant exercises and transfers reported by CEA Industries (BNC) director entities

Rhea-AI Filing Summary

CEA Industries Inc. director Thomas Hans reported several indirect warrant transactions through affiliated entities. On October 8, 2025, 10X LLC exercised 831,683 warrants for the same number of common shares at a stated price of $0.0000 per share. Other transactions on September 22, 2025, October 1, 2025, and December 3, 2025 reflect assignments and reallocation of warrants among 10X Capital Partners LLC, 10X BNB Cayman Sponsor, and 10X LLC, including a transfer in which 10X BNB Cayman Sponsor ceased to beneficially own any warrants. Hans is described as manager of these entities and may be deemed to have beneficial ownership, but he disclaims beneficial ownership except to the extent of his pecuniary interest.

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).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Thomas Hans

(Last) (First) (Middle)

C/O CEA INDUSTRIES, INC.

385 SOUTH PIERCE AVENUE SUITE C

(Street)

LOUISVILLE, CO 80027

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
CEA Industries Inc. [ BNC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/22/2025

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	10/08/2025	(1)	M		831,683	A	$0	831,683	I	By 10X LLC(2)

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
Warrants to purchase Common Stock	$10.23	09/22/2025	(3)	J			350,000	08/05/2025	08/05/2030	Common Stock	350,000	$0	640,099	I	By 10X Capital Partners LLC(4)
Warrants to purchase Common Stock	$10.23	12/03/2025	(3)	J			250,000	08/05/2025	08/05/2030	Common Stock	250,000	$0	390,099	I	By 10X Capital Partners LLC(4)
Warrants to purchase Common Stock	$0.0001	10/01/2025	(5)	J			2,376,239	08/05/2025	08/05/2032	Common Stock	2,376,239	$0	0	I	By 10X BNB Cayman Sponsor(6)
Warrants to purchase Common Stock	$0.0001	10/01/2025	(7)	J		831,683		08/05/2025	08/05/2032	Common Stock	831,683	$0	831,683	I	By 10X LLC(2)
Warrants to purchase Common Stock	$0.0001	10/08/2025	(1)	M			831,683	08/05/2025	08/05/2032	Common Stock	831,683	$0	0	I	By 10X LLC(2)

Explanation of Responses:

1. Reflects the exercise of certain warrants for shares of common stock.

2. Reporting Person is the manager of 10X LLC and may be deemed to have beneficial ownership of the securities held by 10X LLC. The reporting person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.

3. Reflects the effective assignment of such warrants to a third-party.

4. 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.

5. On October 1, 2025, 10X BNB Cayman Sponsor transferred and assigned 100% of its Strategic Advisor Warrants to certain members of 10X BNB Cayman Sponsor and third-parties, resulting in 10X BNB Cayman Sponsor beneficially owning no warrants following the transaction. The reporting person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.

6. 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.

7. On October 1, 2025, 10X LLC received 831,683 Strategic Advisor Warrants that were assigned from 10X BNB Cayman Sponsor. The reporting person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.

	/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.
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