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

Reporting relationship: Chief Executive Officer
Issuer ticker: FFNTF
Reported as of: 16 Dec 2024
Net transaction value: $0
SEC form: 4
Accepted by SEC: 18 Dec 2024, 21:47:44 UTC
Prior SEC filing: 07 May 2024
Source filing: View source filing
Reporting owner signature: /s/ Andrew Thut

Key filing fact

Andrew Thut filed Form 4 for 4Front Ventures Corp. (FFNTF) on 18 Dec 2024.

Key facts

This page summarizes Andrew Thut's Form 4 filing for 4Front Ventures Corp. (FFNTF).
5 reported transactions and 5 derivative rows are listed below.
Accepted by SEC: 18 Dec 2024, 21:47.

Change

Previous filing in this sequence was filed on 07 May 2024.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

FFNTF transaction Derivative

Stock Option (right to buy)

Award

Transaction value
Shares: +8,045,600
Change %: +135%
Price
Shares after: 14,011,040
Date: 16 Dec 2024
Ownership: Direct
Underlying class: Class A Subordinate Voting Shares
Underlying amount: 8,045,600
Exercise price: $0.0100
Footnotes: F1, F2, F3

FFNTF transaction Derivative

Stock Option (right to buy)

Disposed to Issuer

Transaction value
Shares: -8,045,600
Change %: -100%
Price
Shares after: 0
Date: 16 Dec 2024
Ownership: Direct
Underlying class: Class A Subordinate Voting Shares
Underlying amount: 8,045,600
Exercise price: $0.1400
Footnotes: F3, F4, F5

FFNTF transaction Derivative

Stock Option (right to buy)

Award

Transaction value
Shares: +4,000,000
Change %: +40%
Price
Shares after: 14,011,040
Date: 16 Dec 2024
Ownership: Direct
Underlying class: Class A Subordinate Voting Shares
Underlying amount: 4,000,000
Exercise price: $0.0100
Footnotes: F1, F6, F7

FFNTF transaction Derivative

Stock Option (right to buy)

Disposed to Issuer

Transaction value
Shares: -4,000,000
Change %: -100%
Price
Shares after: 0
Date: 16 Dec 2024
Ownership: Direct
Underlying class: Class A Subordinate Voting Shares
Underlying amount: 4,000,000
Exercise price: $0.1700
Footnotes: F7, F8, F9

FFNTF transaction Derivative

Stock Option (right to buy)

Award

Transaction value: $0
Shares: +1,965,440
Change %: +16%
Price: $0.000000
Shares after: 14,011,040
Date: 16 Dec 2024
Ownership: Direct
Underlying class: Class A Subordinate Voting Shares
Underlying amount: 1,965,440
Exercise price: $0.0100
Footnotes: F1, F6

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 9 footnotes

Footnote F1

Converted from CAD$0.02 based on CAD-USD Bank of Canada exchange rate of 1.4239 on December 16, 2024.

Footnote F2

Two-thirds of the options vested upon grant, and one-third of the options vest on December 31, 2024.

Footnote 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.

Footnote 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.

Footnote F5

The options vested one-third on December 23, 2023, one-third on June 23, 2024, and one-third on December 23, 2024.

Footnote F6

Fully vested upon grant.

Footnote 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.

Footnote 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.

Footnote F9

No options vest until April 18, 2024, then 1/24th of the options vest each month.