Kathi P. Lentzsch - 03 Aug 2022 Form 4 Insider Report for 4Front Ventures Corp. (FFNTF)

Role: Director
Signature: /s/ Kathi Lentsch
Issuer symbol: FFNTF
Transactions as of: 03 Aug 2022
Net transactions value: $0
Form type: 4
Filing time: 14 Nov 2022, 17:16:29 UTC
Previous filing: 06 Jul 2021
SEC: View on sec.gov

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	+250,000	+29%	$0.000000	1,100,000	03 Aug 2022	Class A Subordinate Voting Shares	250,000	$0.5900	Direct	F1, F2

* 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$0.76 using an exchange rate of C$1.2888 = US$1.00 as of August 2, 2022.
F2	Includes: (1) 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; (2) 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; and (3) options to purchase 50,000 SVS at a price of $1.27 per share granted on June 23, 2021, which vest in three equal, annual installments beginning on June 23, 2022.

Content

Converted from Canadian exercise price of C$0.76 using an exchange rate of C$1.2888 = US$1.00 as of August 2, 2022.

Includes: (1) 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; (2) 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; and (3) options to purchase 50,000 SVS at a price of $1.27 per share granted on June 23, 2021, which vest in three equal, annual installments beginning on June 23, 2022.