Roman Tkachenko - May 26, 2023 Form 4 Insider Report for 4Front Ventures Corp. (FFNTF)

Role
Director
Signature
/s/ Roman Tkachenko
Stock symbol
FFNTF
Transactions as of
May 26, 2023
Transactions value $
$0
Form type
4
Date filed
7/11/2023, 04:09 PM
Previous filing
Dec 9, 2022
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) Award $0 +1.1M +157.14% $0.00 1.8M Jun 30, 2023 Class A Subordinate Voting Shares 1.1M $0.15 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$0.20 using the Bank of Canada exchange rate of C$1.3284 = US$1.00 as of July 10, 2023.
F2 The reporting person previously agreed to cancellation of three options granted to him on November 24, 2020, December 21, 2020 and December 5, 2023, respectively, in exchange for the issuance of a new option having a lower exercise price in a transaction exempt under Rule 16b-3(d)(1).
F3 1/3rd of the options vest on December 30, 2023; 1/3rd vest on June 30, 2023; and 1/3rd vest on December 30, 2024.