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

Role
Chief Executive Officer
Signature
/s/ Andrew Thut
Issuer symbol
FFNTF
Transactions as of
16 Dec 2024
Net transactions value
$0
Form type
4
Filing time
18 Dec 2024, 21:47:44 UTC
Previous 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 +8,045,600 +135% 14,011,040 16 Dec 2024 Class A Subordinate Voting Shares 8,045,600 $0.0100 Direct F1, F2, F3
transaction FFNTF Stock Option (right to buy) Disposed to Issuer -8,045,600 -100% 0 16 Dec 2024 Class A Subordinate Voting Shares 8,045,600 $0.1400 Direct F3, F4, F5
transaction FFNTF Stock Option (right to buy) Award +4,000,000 +40% 14,011,040 16 Dec 2024 Class A Subordinate Voting Shares 4,000,000 $0.0100 Direct F1, F6, F7
transaction FFNTF Stock Option (right to buy) Disposed to Issuer -4,000,000 -100% 0 16 Dec 2024 Class A Subordinate Voting Shares 4,000,000 $0.1700 Direct F7, F8, F9
transaction FFNTF Stock Option (right to buy) Award $0 +1,965,440 +16% $0.000000 14,011,040 16 Dec 2024 Class A Subordinate Voting Shares 1,965,440 $0.0100 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.