Andrew Thut - 22 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
22 Nov 2022
Net transactions value
$0
Form type
4
Filing time
13 Jan 2023, 16:00:18 UTC
Previous filing
18 Nov 2022
Next filing
27 Apr 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 +4,000,000 +40% $0.000000 14,011,040 22 Nov 2022 Class A Subordinate Voting Shares 4,000,000 $0.4500 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$0.60 using an exchange rate of C$1.3311 = US$1.00 as of November 22, 2022.
F2 Stock options vest 50% on January 1, 2024 and in subsequent monthly 1/12th increments.