Kristopher Krane - Dec 16, 2024 Form 4 Insider Report for 4Front Ventures Corp. (FFNTF)

Role
President, Advocacy, Director
Signature
/s/ Kris Krane
Stock symbol
FFNTF
Transactions as of
Dec 16, 2024
Transactions value $
$0
Form type
4
Date filed
12/18/2024, 09:42 PM
Previous filing
Aug 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 +400K +9.24% 4.73M Dec 16, 2024 Class A Subordinate Voting Shares 400K $0.01 Direct F1, F2, F3
transaction FFNTF Stock Option (right to buy) Disposed to Issuer -400K -100% 0 Dec 16, 2024 Class A Subordinate Voting Shares 400K $0.09 Direct F2, F3, F4
transaction FFNTF Stock Option (right to buy) Award +600K +14.53% 4.73M Dec 16, 2024 Class A Subordinate Voting Shares 600K $0.01 Direct F1, F5, F6
transaction FFNTF Stock Option (right to buy) Disposed to Issuer -600K -100% 0 Dec 16, 2024 Class A Subordinate Voting Shares 600K $0.02 Direct F6, F7, F8
transaction FFNTF Stock Option (right to buy) Award +1M +26.81% 4.73M Dec 16, 2024 Class A Subordinate Voting Shares 1M $0.01 Direct F1, F9, F10
transaction FFNTF Stock Option (right to buy) Disposed to Issuer -1M -100% 0 Dec 16, 2024 Class A Subordinate Voting Shares 1M $0.14 Direct F10, F11, F12
transaction FFNTF Stock Option (right to buy) Award $0 +2.73M +136.49% $0.00 4.73M Dec 16, 2024 Class A Subordinate Voting Shares 2.73M $0.01 Direct F1, F13
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Converted from CAD$0.02 based on CAD-USD Bank of Canada exchange rate of 1.4239 on December 16, 2024.
F2 No options vest until July 25, 2025, then 1/24th of the options vest each month.
F3 The Reporting Person agreed to cancellation of an option granted on July 25, 2024, in exchange for a new option having a lower exercise price.
F4 Converted from CAD$0.12 based on CAD-USD Bank of Canada exchange rate of 1.3819 on July 25, 2024.
F5 The options vest in equal monthly increments at a rate of 1/24th per month, with all options vested on April 28, 2026.
F6 The Reporting Person agreed to cancellation of an option granted on April 28, 2023, in exchange for a new option having a lower exercise price.
F7 Converted from Canadian exercise price of C$0.23 using an exchange rate of C$1.3578 = US$1.00 as of April 28, 2023.
F8 The option grant is subject to a one-year vesting cliff, thereafter the options will vest in equal monthly increments over a 24-month period.
F9 Two-thirds of the options vested upon grant, and one-third of the options vest on December 31, 2024.
F10 The Reporting Person agreed to cancellation of an option granted on June 23, 2023, in exchange for a new option having a lower exercise price.
F11 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.
F12 The options vested one-third on December 23, 2023, one-third on June 23, 2024, and one-third on December 23, 2024.
F13 Fully vested upon grant.