Kathi P. Lentzsch - Jun 23, 2021 Form 4 Insider Report for 4Front Ventures Corp. (FFNTF)

Role
Director
Signature
/s/Kathi Lentzsch
Stock symbol
FFNTF
Transactions as of
Jun 23, 2021
Transactions value $
$0
Form type
4
Date filed
7/6/2021, 06:02 AM
Next filing
Nov 14, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction FFNTF Stock Option (right to buy) Award $0 +50K +6.25% $0.00 850K Jun 23, 2021 Class A Subordinate Voting Shares 50K $1.27 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Converted from Canadian exercise price of C$1.56 using an exchange rate of C$1.23248 = US$1.00
F2 The options were granted on June 23, 2021, with options to purchase 16,666 Class A Subordinate Voting Shares ("SVS") immediately vesting on June 23, 2022, options to purchase 16,667 SVS vesting on June 23, 2023, and options to purchase 16,667 SVS vesting on June 23, 2024.
F3 Includes options to purchase 600,000 SVS at a price of $0.63 per share granted on November 1, 2019, which vest in three equal, annual installments beginning on November 1, 2020. Also includes options to purchase 200,000 SVS at a price of $0.87 per share granted on December 2, 2020, with half of such options having vested on June 2, 2021, and the second half of such options vesting on December 2, 2021.