Chetan Gulati - 05 Dec 2022 Form 4 Insider Report for 4Front Ventures Corp. (FFNTF)

Role
Director
Signature
/s/ Chetan Gulati
Issuer symbol
FFNTF
Transactions as of
05 Dec 2022
Net transactions value
$0
Form type
4
Filing time
09 Dec 2022, 16:30:34 UTC
Previous filing
01 Jul 2022
Next filing
30 Jun 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 +350,000 +25% $0.000000 1,750,000 05 Dec 2022 Class A Subordinate Voting Shares 350,000 $0.5200 Direct F1, F2
transaction FFNTF Stock Option (right to buy) Award $0 +400,000 +23% $0.000000 2,150,000 05 Dec 2022 Class A Subordinate Voting Shares 400,000 $0.5200 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$0.70 using an exchange rate of C$1.3532 = US$1.00 as of December 5, 2022.
F2 Includes options to purchase 600,000 Class A Subordinate Voting Shares ("SVS") at a price of $0.64 per share, options to purchase 600,000 SVS at a price of $0.78 per share, and options to purchase 200,000 SVS at a price of $1.20 per share.
F3 Stock options vest in monthly 1/24th increments beginning on December 5, 2023.