Keith Edward Adams - 24 Jul 2023 Form 4 Insider Report for 4Front Ventures Corp. (FFNTF)

Role
CFO
Signature
/s/ Keith Adams
Issuer symbol
FFNTF
Transactions as of
24 Jul 2023
Net transactions value
$0
Form type
4
Filing time
28 Jul 2023, 16:58:57 UTC
Previous filing
02 Jun 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 24 Jul 2023 Class A Subordinate Voting Shares 1,000,000 $0.1800 Direct F1, F2
* 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$0.18 using an exchange rate of C$1.3172 = US$1.00 as of July 24, 2023.
F2 The reporting person previously agreed to cancellation of an options granted to him on November 22, 2022, in exchange for the issuance of a new option having a lower exercise price in a transaction exempt under Rule 16b-3(d)(1).