Andrew Thut - Apr 18, 2023 Form 4 Insider Report for 4Front Ventures Corp. (FFNTF)

Role
Chief Investment Officer
Signature
/s/ Andrew Thut
Stock symbol
FFNTF
Transactions as of
Apr 18, 2023
Transactions value $
$0
Form type
4
Date filed
4/27/2023, 06:05 PM
Previous filing
Jan 13, 2023
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 +4M +39.96% $0.00 14M Apr 18, 2023 Class A Subordinate Voting Shares 4M $0.17 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$0.23 using an exchange rate of C$1.3387 = US$1.00 as of April 18, 2023.
F2 No stock options vest until April 18, 2024; options then vest in monthly 1/12th increments.