Leonid Gontmakher - Jun 23, 2023 Form 4 Insider Report for 4Front Ventures Corp. (FFNTF)

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Shares	Change %	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	FFNTF	Stock Option (right to buy)	Disposed to Issuer	-700K	-100%	0	Jun 23, 2023	Class A Subordinate Voting Shares	700K	$0.76	Direct	F1, F2, F3
transaction	FFNTF	Stock Option (right to buy)	Disposed to Issuer	-3M	-100%	0	Jun 23, 2023	Class A Subordinate Voting Shares	3M	$0.58	Direct	F4, F5, F6, F7
transaction	FFNTF	Stock Option (right to buy)	Award	+3.7M		3.7M	Jun 23, 2023	Class A Subordinate Voting Shares	3.7M	$0.14	Direct	F3, F7, F8, F9

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Id	Content
F1	Converted from Canadian exercise price of C$1.00 using an exchange rate of C$1.3199 = US$1.00 as of June 23, 2023.
F2	The option was granted on August 22, 2019 and vested as follows: one-third on August 22, 2020, one-third on August 21, 2021, and one-third on August 22, 2022.
F3	The reporting person agreed to cancellation of an option granted to him on August 22, 2019, in exchange for a new option having a lower exercise price.
F4	Converted from Canadian exercise price of C$0.77 using an exchange rate of C$1.3199 = US$1.00 as of June 23, 2023.
F5	The option was granted on October 2, 2020 and vests as follows: one-half on April 2, 2021 and one-half on October 2, 2021.
F6	The option does not expire.
F7	The reporting person agreed to cancellation of an option granted to him on October 2, 2020, in exchange for a new option having a lower exercise price.
F8	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.
F9	The options will vest 1/3rd on December 23, 2023, 1/3rd on June 23, 2024, and 1/3rd on December 23, 2024.