Kristopher Krane - Jun 23, 2023 Form 4 Insider Report for 4Front Ventures Corp. (FFNTF)

Role
Director
Signature
/s/ Kristopher Krane
Stock symbol
FFNTF
Transactions as of
Jun 23, 2023
Transactions value $
$0
Form type
4
Date filed
6/30/2023, 01:11 PM
Previous filing
May 9, 2023
Next filing
May 7, 2024

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) Disposed to Issuer -750K -18.38% 3.33M Jun 23, 2023 Class A Subordinate Voting Shares 750K $0.76 Direct F1, F2, F3
transaction FFNTF Stock Option (right to buy) Disposed to Issuer -250K -6.98% 3.33M Jun 23, 2023 Class A Subordinate Voting Shares 250K $0.65 Direct F4, F5, F6
transaction FFNTF Stock Option (right to buy) Award +1M +30.03% 4.33M Jun 23, 2023 Class A Subordinate Voting Shares 1M $0.14 Direct F3, F6, F7, F8
* 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$1.00 using an exchange rate of C$1.3199 = US$1.00 as of June 23, 2023.
F2 The option was granted on August 22, 2019 and vested as follows: one-third on August 22, 2020, one-third on August 21, 2021, and one-third on August 22, 2022.
F3 The reporting person agreed to cancellation of an option granted to him on August 22, 2019, in exchange for a new option having a lower exercise price.
F4 Converted from Canadian exercise price of C$0.86 using an exchange rate of C$1.3199 = US$1.00 as of June 23, 2023.
F5 The option was granted on September 15, 2020 and vested as follows: one-half on March 15, 2021, and one-half on September 15, 2021.
F6 The reporting person agreed to cancellation of an option granted to him on September 15, 2020, in exchange for a new option having a lower exercise price.
F7 Converted from Canadian exercise price of C$0.19 using an exchange rate of C$1.3199 = US$1.00 as of June 23, 2023.
F8 The options will vest 1/3rd on December 23, 2023, 1/3rd on June 23, 2024, and 1/3rd on December 23, 2024.