Andrew Thut - 16 Nov 2022 Form 4 Insider Report for 4Front Ventures Corp. (FFNTF)

Role
Chief Investment Officer
Signature
/s/ Andrew Thut
Issuer symbol
FFNTF
Transactions as of
16 Nov 2022
Net transactions value
$0
Form type
4
Filing time
18 Nov 2022, 17:24:53 UTC
Next filing
13 Jan 2023
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 +5,045,600 +102% $0.000000 10,011,040 16 Nov 2022 Class A Subordinate Voting Shares 5,045,600 $0.4600 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$0.61 using an exchange rate of C$1.3311 = US$1.00 as of November 16, 2022.
F2 Includes options to purchase 500,000 Class A Subordinate Voting Shares ("SVS") at a price of $0.79 per share, options to purchase 1,965,440 SVS at a price of $0.08 per share, options to purchase 500,000 SVS at a price of $0.68 per share, and options to purchase 2,000,000 SVS at a price of $1.13 per share.