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KNWN Know Labs Inc (QB)

2.53
0.00 (0.00%)
24 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Know Labs Inc (QB) USOTC:KNWN OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 2.53 2.52 2.66 0.00 01:00:00

Statement of Changes in Beneficial Ownership (4)

15/02/2023 4:14pm

Edgar (US Regulatory)


FORM 4
[X] 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 *

Bosua Phillip
2. Issuer Name and Ticker or Trading Symbol

KNOW LABS, INC. [ KNWN ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                    __X__ 10% Owner
_____ Officer (give title below)    __X__ Other (specify below)
Former CEO and President
(Last)          (First)          (Middle)

500 UNION STREET, SUITE 810
3. Date of Earliest Transaction (MM/DD/YYYY)

1/23/2023
(Street)

SEATTLE, WA 98101
(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         3005000 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 Security3. Trans. Date3A. Deemed Execution Date, if any4. 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 Date7. 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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Option to Purchase Common Stock $1.28 1/23/2023  J (1)    0   (1)(2)1/23/2024 Common Stock 1000000 $0 1000000 D  
Option to Purchase Common Stock (2)$1.10 1/23/2023  J (1)    1200000   (1)(3) (1)(3)Common Stock 1200000 $0 0 D  
Option to Purchase Common Stock (3)$1.53 1/23/2023  J (1)    3959795   (1)(4)1/23/2024 Common Stock 3959795 $0 304600 D  
Option to Purchase Common Stock $2.09 1/23/2023  J (1)    975000   (1)(5)1/23/2024 Common Stock 975000 $0 325000 D  
Option to Purchase Common Stock $1.41 1/23/2023  J (1)    1250000   (1)(6) (1)(6)Common Stock 1250000 $0 0 D  

Explanation of Responses:
(1) Pursuant to Separation and Release Agreement dated January 23, 2023, all outstanding Options to Purchase Common Stock have ceased vesting after the Separation Date (01/23/2023) and all vested stock options shall be exercisable for a period of one year after the Separation Date. All unvested options have been cancelled. As a result, the Company and Bosua entered into amended Stock Option Agreements reflecting the aforementioned terms.
(2) All 1,000,000 options are vested; The expiration date has thus been extended from August 1, 2023 to January 23, 2024.
(3) All 1,200,000 options have been cancelled.
(4) 304,600 options under the stock option agreement dated December 15, 2020 have vested and 3,959,795 remaining options have been cancelled. The expiration date has been amended to January 23, 2024.
(5) 325,000 options under the stock option agreement dated December 15, 2021 have vested and 975,000 remaining options have been cancelled. The expiration date has been amended to January 23, 2024.
(6) All 1,250,000 options have been cancelled.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Bosua Phillip
500 UNION STREET
SUITE 810
SEATTLE, WA 98101

X
Former CEO and President

Signatures
/s/ Phillip A. Bosua2/14/2023
**Signature of Reporting PersonDate


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 4(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 control number.

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