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

Role
Director
Signature
/s/ Roman Tkachenko
Issuer symbol
FFNTF
Transactions as of
26 May 2023
Net transactions value
$0
Form type
4/A - Amendment
Filing time
11 Jul 2023, 16:26:17 UTC
Date Of Original Report
02 Jun 2023
Previous filing
09 Dec 2022
Next filing
07 May 2024
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 +700,000 $0.000000 700,000 26 May 2023 Class A Subordinate Voting Shares 700,000 $0.1700 Direct F1, F2, F3
transaction FFNTF Stock Option (right to buy) Disposed to Issuer -100,000 -12% 700,000 26 May 2023 Class A Subordinate Voting Shares 100,000 $0.7100 Direct F3, F4, F5, F6
transaction FFNTF Stock Option (right to buy) Disposed to Issuer -600,000 -46% 700,000 26 May 2023 Class A Subordinate Voting Shares 600,000 $0.8000 Direct F3, F7, F8, F9
transaction FFNTF Stock Option (right to buy) Disposed to Issuer -400,000 -36% 700,000 26 May 2023 Class A Subordinate Voting Shares 400,000 $0.7000 Direct F2, F3, F10, F11, F12
* 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 the Bank of Canada exchange rate of C$1.3284 = US$1.00 as of July 10, 2023.
F2 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.
F3 This Form 4/A amends and restates a Form 4 filed by the reporting person on June 2, 2023, to correct the number of derivative securities reported as beneficially owned by the reporting person and to include the disposition of three options to the issuer for cancellation in a transaction exempt under Rule 16b-3(e).
F4 Converted from Canadian exercise price of C$0.94 using the Bank of Canada exchange rate of C$1.3284 = US$1.00 as of July 10, 2023.
F5 The option was granted on November 24, 2020. Two-thirds vested as of the date of grant and one-third vested as of June 12, 2021.
F6 The reporting person agreed to cancellation of an option granted to him on November 24, 2020, in exchange for the future issuance of a new option having a lower exercise price.
F7 Converted from Canadian exercise price of C$1.06 using the Bank of Canada exchange rate of C$1.3284 = US$1.00 as of July 10, 2023.
F8 The option was granted on December 21, 2020. One-third vested on December 21, 2021, one-third vested on December 21, 2022, and one-third vests on December 21, 2023.
F9 The reporting person agreed to cancellation of an option granted to him on December 21, 2020, in exchange for the future issuance of a new option having a lower exercise price.
F10 Converted from Canadian exercise price of C$0.22 using the Bank of Canada exchange rate of C$1.3284 = US$1.00 as of July 10, 2023.
F11 The option was granted on December 5, 2022 and vests in monthly 1/24th increments beginning on December 5, 2023.
F12 The reporting person agreed to cancellation of an option granted to him on December 5, 2022, in exchange for the future issuance of a new option having a lower exercise price.