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 OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5
                      
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      
1. Name and Address of Reporting Person * Wilson Tyler B. 2. Issuer Name and Ticker or Trading Symbol Taronis Fuels, Inc. [ TRNF ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)_____ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
VP, GC, and Secretary
(Last)         (First)         (Middle)
24980 N. 83RD AVENUE
3. Date of Earliest Transaction (MM/DD/YYYY)
1/21/2021
(Street)
PEORIA, AZ 85383
(City)       (State)       (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)
 
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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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, par value $0.000001 per share  1/21/2021    A(1)    29957 (1) A $4.59  102465 (2) D   

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 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 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

Explanation of Responses:
(1)  Represents shares of common stock issued to Mr. Wilson in lieu of $137,500 in cash bonus compensation earned by Mr. Wilson for the fiscal year ending December 31, 2020. The shares of common stock vest one year from the date of issuance. The shares were issued at a per share price of $4.59, representing the Issuer's closing stock price on January 20, 2021 as reported on the OTCQB.
(2)  Mr. Wilson's beneficial ownership is comprised of 16 stock options; 65,717 shares of restricted common stock; 6,775 of common stock that vests in equal weekly installments through the end of December 31, 2021; and 29,957 shares of common stock subject to vesting as described in (1) above. Mr. Wilson beneficially owns 102,465 shares in total.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Wilson Tyler B.
24980 N. 83RD AVENUE
PEORIA, AZ 85383


VP, GC, and Secretary

Signatures
/s/ Tyler B. Wilson 1/25/2021
**Signature of Reporting Person Date
Taronis Fuels (PK) (USOTC:TRNF)
Historical Stock Chart
From Jun 2021 to Jul 2021 Click Here for more Taronis Fuels (PK) Charts.
Taronis Fuels (PK) (USOTC:TRNF)
Historical Stock Chart
From Jul 2020 to Jul 2021 Click Here for more Taronis Fuels (PK) Charts.