Peter Conley
About Peter Conley
Peter J. Conley serves as Chief Financial Officer and Senior Vice President, Intellectual Property at Know Labs, Inc. since May 2022, following an employment agreement executed on May 13, 2022 . He concurrently is Senior Managing Director and Head of Intellectual Property Banking at Boustead Securities, LLC (since October 2014), and previously co-founded and served as COO of ipCreate (2012–2016), with prior leadership roles at ipCapital Venture Group, MDB Capital Group, The Analytiq Group/RDEX Research, Roth Capital Partners, Lehman Brothers, and was on the founding team and Head of Equity Capital Markets at EOffering, the investment bank of ETrade . Conley attended the University of Hawaii at Manoa and the University of London, Center for Financial & Management Studies (SOAS) . The company disclosed “Pay Versus Performance” information generally, but did not provide executive-specific TSR or EBITDA growth metrics tied to Mr. Conley; compensation actuals and performance measure linkages beyond option awards were not detailed for him .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| ipCreate | Co‑Founder and COO | 2012–2016 | Global IP development and innovation services for multinationals |
| ipCapital Venture Group | Managing Director | — | IP strategy and venture advisory services |
| EOffering (ETrade’s investment bank) | Founding team; Head of Equity Capital Markets | — | Built equity capital markets capability for a new investment bank |
| MDB Capital Group; The Analytiq Group/RDEX Research; Roth Capital Partners; Lehman Brothers | Leadership roles | — | Capital markets and research leadership across firms |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Boustead Securities, LLC | Senior Managing Director & Head of IP Banking | Since Oct 2014 | Provides equity financing and M&A advisory services to small‑cap public companies |
Fixed Compensation
| Component | Period | Amount/Terms |
|---|---|---|
| Base Salary | Employment agreement effective May 13, 2022 | $300,000 base salary |
| Base Salary | Dec 14, 2022 – Sep 30, 2023 | $325,000 annual salary |
| Bonus | Ongoing | Discretionary bonus determined by Board or Compensation Committee; no target % disclosed |
| Severance | If terminated without “cause” or for “good reason” | 12 months of then‑in‑effect base salary |
| Employment Term | At‑will | Either party may terminate at any time, with or without cause, upon written notice |
| Expenses | Ongoing | Reimbursement for reasonable travel, entertainment, and other business expenses |
Performance Compensation
| Grant Date | Award Type | Shares/Units | Strike/Exercise Price | Expiration | Vesting |
|---|---|---|---|---|---|
| May 20, 2022 | Stock Options | 1,000,000 | $1.48 | 5 years | Vests quarterly over 4 years; no vesting during first 6 months |
| Oct 10, 2023 | Stock Options | 3,001,000 | $0.25 | 5 years | Vests quarterly over 4 years |
| Jun 4, 2025 (contingent; pending shareholder approval) | Stock Options | 107,500 | $0.50 | — | Contingent on shareholder approval; awarded in context of recipients having previously voluntarily cancelled historic option grants to support the Company’s continued operation |
Notes:
- Reverse stock split of 1‑for‑40 became effective on February 19, 2025; share references in 2025 plan disclosures reflect post‑split amounts .
- The 2025 contingent awards to Mr. Conley (107,500 options at $0.50) were approved by the Board subject to stockholder approval .
Equity Ownership & Alignment
| Metric | Jun 30, 2024 | Dec 31, 2024 | Jun 20, 2025 |
|---|---|---|---|
| Direct Shares Owned (#) | 10,000 | 10,000 | 50,250 |
| Options Exercisable within 60 Days (#) | 1,062,688 | 1,750,375 | — (not disclosed) |
| Total Beneficial Ownership (#) | 1,072,688 | — (not disclosed) | 50,250 |
| Ownership % of Shares Outstanding | 1.2% | <1% (based on 111,166,117 OS shares) | — (7,497,297 OS shares disclosed; Conley individually shown without %)* |
*Shares outstanding: 85,822,200 as of Jun 30, 2024 ; 111,166,117 as of Dec 31, 2024 ; 7,497,297 as of Jun 20, 2025 (post‑split) . Company policy prohibits hedging and limits pledging/margin holdings to not more than 25% of total shares owned by the employee/director .
Employment Terms
| Term | Detail |
|---|---|
| At‑Will Employment | Either party may terminate at any time, with or without cause, upon written notice |
| Severance | 12 months of then‑in‑effect base salary if terminated without “cause” or for “good reason” |
| Bonus Eligibility | Discretionary, determined by Board/Compensation Committee; no target % disclosed |
| Expenses | Reimbursement of reasonable business expenses |
| Anti‑Hedging & Anti‑Pledging | Hedging prohibited; pledging/margin permitted only up to 25% of total shares owned; policy applies to officers and directors |
Investment Implications
- Option‑heavy pay design ties upside to share appreciation via sizable option grants (2022: 1,000,000 @ $1.48; 2023: 3,001,000 @ $0.25), with multi‑year vesting that encourages retention; absence of disclosed cash bonus targets reduces near‑term cash comp pressure .
- In 2025, executives including Mr. Conley received contingent option awards (107,500 @ $0.50), approved by the Board subject to shareholder approval, following voluntary cancellation of historic option grants to preserve equity capital—supportive for alignment but implies future vest‑related supply if approved .
- Beneficial ownership shifted materially around the 1‑for‑40 reverse split effective Feb 19, 2025; Conley’s reported beneficial stake moved from 1,072,688 (1.2%) pre‑split to 50,250 shares post‑split, with options not disclosed in the 2025 table—reducing near‑term selling pressure visibility and highlighting reliance on new grants for alignment .
- Severance set at 12 months base salary (no disclosed bonus multiple) and strict anti‑hedging/limited pledging policy lower agency risk; concurrent external role at Boustead Securities may offer capital markets expertise, but investors should monitor potential conflicts and time allocation .