Kathi P. Lentzsch - Aug 3, 2022 Form 4 Insider Report for 4Front Ventures Corp. (FFNTF)

Role: Director
Signature: /s/ Kathi Lentsch
Stock symbol: FFNTF
Transactions as of: Aug 3, 2022
Transactions value $: $0
Form type: 4
Date filed: 11/14/2022, 05:16 PM
Previous filing: Jul 6, 2021

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	+250K	+29.41%	$0.00	1.1M	Aug 3, 2022	Class A Subordinate Voting Shares	250K	$0.59	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.