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

Role
Chief Executive Officer
Signature
/s/ Andrew Thut
Stock symbol
FFNTF
Transactions as of
Dec 16, 2024
Transactions value $
$0
Form type
4
Date filed
12/18/2024, 09:47 PM
Previous 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 +8.05M +134.87% 14M Dec 16, 2024 Class A Subordinate Voting Shares 8.05M $0.01 Direct F1, F2, F3
transaction FFNTF Stock Option (right to buy) Disposed to Issuer -8.05M -100% 0 Dec 16, 2024 Class A Subordinate Voting Shares 8.05M $0.14 Direct F3, F4, F5
transaction FFNTF Stock Option (right to buy) Award +4M +39.96% 14M Dec 16, 2024 Class A Subordinate Voting Shares 4M $0.01 Direct F1, F6, F7
transaction FFNTF Stock Option (right to buy) Disposed to Issuer -4M -100% 0 Dec 16, 2024 Class A Subordinate Voting Shares 4M $0.17 Direct F7, F8, F9
transaction FFNTF Stock Option (right to buy) Award $0 +1.97M +16.32% $0.00 14M Dec 16, 2024 Class A Subordinate Voting Shares 1.97M $0.01 Direct F1, F6
* 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 Two-thirds of the options vested upon grant, and one-third of the options vest on December 31, 2024.
F3 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.
F4 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.
F5 The options vested one-third on December 23, 2023, one-third on June 23, 2024, and one-third on December 23, 2024.
F6 Fully vested upon grant.
F7 The Reporting Person agreed to cancellation of an option granted on April 18, 2023, in exchange for a new option having a lower exercise price.
F8 Converted from Canadian exercise price of C$0.23 using an exchange rate of C$1.3387 = US$1.00 as of April 18, 2023.
F9 No options vest until April 18, 2024, then 1/24th of the options vest each month.