KRISTOPHER KRANE - 28 Apr 2023 Form 4 Insider Report for 4Front Ventures Corp. (FFNTF)

Role
Director
Signature
/s/ Kristopher Krane
Issuer symbol
FFNTF
Transactions as of
28 Apr 2023
Net transactions value
$0
Form type
4
Filing time
09 May 2023, 19:57:48 UTC
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 +600,000 +4.2% $0.000000 14,745,120 28 Apr 2023 Class A Subordinate Voting Shares 600,000 $0.1700 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$1.3578 = US$1.00 as of April 28, 2023.
F2 The option grant is subject to a one year vesting cliff, thereafter the options will vest in equal monthly increments over a 24 month period.