Karl Chowscano - Dec 5, 2022 Form 4 Insider Report for 4Front Ventures Corp. (FFNTF)

Role
Consultant
Signature
/s/ Karl Chowscano
Stock symbol
FFNTF
Transactions as of
Dec 5, 2022
Transactions value $
$0
Form type
4
Date filed
12/9/2022, 04:30 PM
Previous filing
Nov 18, 2022
Next filing
Apr 27, 2023

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 +5M +94.28% $0.00 10.3M Dec 5, 2022 Class A Subordinate Voting Shares 5M $0.52 By Philomena Investments, LLC 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$0.70 using an exchange rate of C$1.3532 = US$1.00 as of December 5, 2022.
F2 Includes options to purchase 1,500,000 Class A Subordinate Voting Shares ("SVS") at a price of $0.79 per share, options to purchase 2,000,000 SVS at a price of $0.68 per share, and options to purchase 1,803,200 SVS at a price of $0.46 per share.