Nicole Frederick - 31 Jul 2023 Form 3 Insider Report for 4Front Ventures Corp. (FFNTF)

Role
Interim Chief Financial Officer
Signature
/s/ Nicole Frederick
Issuer symbol
FFNTF
Transactions as of
31 Jul 2023
Net transactions value
$0
Form type
3
Filing time
27 Sep 2023, 10:31:25 UTC
Next filing
27 Sep 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
holding FFNTF Stock Options (Right to Buy) 31 Jul 2023 Class A Subordinate Voting Shares 100,000 $0.1700 Direct F1, F2
holding FFNTF Stock Options (Right to Buy) 31 Jul 2023 Class A Subordinate Voting Shares 75,000 $0.1600 Direct F3, F4
holding FFNTF Stock Options (Right to Buy) 31 Jul 2023 Class A Subordinate Voting Shares 30,000 $0.1300 Direct F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This option was granted on April 28, 2023 and remains unvested until September 28, 2023. Thereafter, 1/24th of the option will vest monthly.
F2 Converted from Canadian exercise price of C$0.23 using an exchange rate of C$1.35 = US$1.00.
F3 This option was granted on July 19, 2023 and remains unvested until December 31, 2023. Thereafter, the option will be fully vested.
F4 Converted from Canadian exercise price of C$0.21 using an exchange rate of C$1.35 = US$1.00.
F5 This option was granted on July 24, 2023 and vests as follows: one-third on January 24, 2024, one-third on July 24, 2024, and one-third on January 24, 2025.
F6 Converted from Canadian exercise price of C$0.18 using an exchange rate of C$1.35 = US$1.00.

Remarks:

Interim Chief Financial Officer