Matthew Homer
About Matthew Homer
Matthew Homer (age 42) was appointed to Volcon’s Board on July 17, 2025. He is a fintech and digital-asset specialist, Managing Member of The Venture Dept (since 2023), Operating Partner at Nyca Partners (since 2021), and previously Executive Deputy Superintendent at the NYS Department of Financial Services (2019–2021). He holds a BA in Economics (University of Utah) and an MPP from Harvard Kennedy School .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| NYS Department of Financial Services | Executive Deputy Superintendent | 2019–2021 | Led fintech/digital asset regulatory initiatives |
| The Venture Dept | Managing Member (founder/GP) | 2023–present | Venture debt, fintech investing |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Gemini Trust Company, LLC | Board Member | 2022–present | Digital asset custodian; Volcon executed strategic/custody agreements with Gemini entities in July 2025 (see Related-Party risk) |
| Standard Custody & Trust Company, LLC | Board Member | 2022–present | Ripple subsidiary, digital asset custody |
| Nyca Partners | Operating Partner | 2021–present | Fintech venture capital |
Board Governance
- Appointment: Elected a director on July 17, 2025; Mr. Ryan Lane named Chairman and Co-CEO concurrently .
- Committees: Filing specifies he will receive an extra fee for any committee service, but does not disclose his specific committee assignments as of appointment .
- Independence: Independence status not explicitly stated in the July 17, 2025 filing; fees indicate non-employee director engagement .
- Attendance: No director-specific attendance data disclosed for 2025; company reported all incumbent directors met ≥75% attendance in 2024 (pre-dating Homer’s tenure) .
- Policies: Volcon prohibits director hedging and pledging of company stock, supporting alignment with shareholders .
Fixed Compensation
| Component | Amount | Payment Terms | Source |
|---|---|---|---|
| Annual Board Retainer (cash) | $40,000 | Paid quarterly | |
| Committee Membership Fee (cash) | $10,000 per committee | Paid quarterly |
Performance Compensation
| Award Type | Quantity/Formula | Exercise Price | Term | Vesting | Source |
|---|---|---|---|---|---|
| Stock Options (New Plan) | Options equal to 0.5% of “Shares Deemed Outstanding” | $10.00 per share | 10 years | Vests per “Applicable Vesting Schedule” | |
| Applicable Vesting Schedule (performance metric) | 20% at $10 VWAP; 20% at $15; 20% at $20; 20% at $25; 20% at $30 (100% vested at $30 VWAP) | — | — | Price-VWAP triggers |
Notes:
- The July 17, 2025 8-K states director options “will vest according to the Applicable Vesting Schedule,” which the same filing defines for contemporaneous warrants as VWAP-based triggers at $10/$15/$20/$25/$30 .
- Options are granted under a “New Plan” to be approved by stockholders, with a 10-year term and $10 exercise price .
Other Directorships & Interlocks
| Interlock/Transaction | Details | Governance Implication | Source |
|---|---|---|---|
| Gemini Trust Board seat & Volcon agreements | Homer serves on Gemini Trust’s board; Volcon signed Strategic Digital Assets Services Agreement and Custodial Services Agreement with Gemini entities on July 13, 2025; Volcon issued Gemini a vesting warrant for 901,542 shares at $10 (VWAP-based vesting) | Potential related-party/conflict-of-interest exposure requiring robust Audit Committee oversight and recusal protocols |
Expertise & Qualifications
- Fintech/digital-asset regulation and governance; venture investing and early-stage financing; public policy; board-level oversight .
- Degrees: BA Economics (University of Utah); Master in Public Policy (Harvard Kennedy School) .
Equity Ownership
| Item | Status/Detail | Source |
|---|---|---|
| Beneficial ownership at appointment | Not quantified in filings as of July 17, 2025 | — |
| Director option grant | Options equal to 0.5% of Shares Deemed Outstanding; $10 exercise price; 10-year term; VWAP-based vesting | |
| Hedging/Pledging | Prohibited for directors under company policy |
Governance Assessment
- Alignment: Cash retainer is modest; equity options with VWAP triggers tie director value realization to market price performance, creating clear price-based alignment with shareholders .
- RED FLAG — Related-party exposure: Concurrent Gemini board service and Volcon’s Gemini agreements (services plus a large vesting warrant) create potential conflict-of-interest risk; strong disclosure, recusal, and Audit Committee review should be maintained .
- Transparency: Committee assignments for Homer not disclosed at appointment; investors should monitor subsequent filings for committee membership and any leadership roles .
- Policies: Prohibitions on hedging and pledging strengthen alignment and reduce risk of misaligned incentives or forced selling .