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

Role
Director
Signature
/s/ David Daily
Stock symbol
FFNTF
Transactions as of
Dec 5, 2022
Transactions value $
$0
Form type
4
Date filed
12/9/2022, 04:40 PM
Next filing
Jun 30, 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 +400K +50% $0.00 1.2M Dec 5, 2022 Class A Subordinate Voting Shares 400K $0.52 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 $0.59 per share, options to purchase 200,000 SVS at a price of $0.82 per share.
F3 Stock options vest in monthly 1/24th increments beginning on December 5, 2023.