Keith Edward Adams - 29 May 2023 Form 4/A - Amendment Insider Report for 4Front Ventures Corp. (FFNTF)

Role
CFO
Signature
/s/ Keith Adams
Issuer symbol
FFNTF
Transactions as of
29 May 2023
Net transactions value
$0
Form type
4/A - Amendment
Filing time
02 Jun 2023, 20:01:00 UTC
Date Of Original Report
13 Jan 2023
Previous filing
13 Jan 2023
Next filing
28 Jul 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 +1,000,000 +100% $0.000000 2,000,000 29 May 2023 Class A Subordinate Voting Shares 1,000,000 $0.1600 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$0.22 using an exchange rate of C$1.3593 = US$1.00 as of May 29, 2023.
F2 This amendment being is filed to correct the transaction and expiration dates; the options were granted effective upon execution of Mr. Adams's employment agreement, which was not executed until May 29, 2023.
F3 No options vest until June 8, 2023, then 1/12th of the options vest each month.