Robert Hunt - 27 Apr 2022 Form 4 Insider Report for 4Front Ventures Corp. (FFNTF)

Role
Director
Signature
/s/ Robert Hunt
Issuer symbol
FFNTF
Transactions as of
27 Apr 2022
Net transactions value
$0
Form type
4
Filing time
11 Jul 2023, 16:02:40 UTC
Previous filing
28 Apr 2022
Next filing
09 Dec 2022
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 $0 +600,000 $0.000000 600,000 27 Apr 2022 Class A Subordinate Voting Shares 600,000 $0.6800 Direct F1, F2, F3, F4
transaction FFNTF Stock Option (right to buy) Disposed to Issuer +600,000 0 26 May 2023 Class A Subordinate Voting Shares 600,000 $0.6800 Direct F1, F3, F5
transaction FFNTF Stock Option (right to buy) Disposed to Issuer +450,000 0 26 May 2023 Class A Subordinate Voting Shares 450,000 $0.5300 Direct F6, F7, F8
transaction FFNTF Stock Option (right to buy) Award $0 +1,050,000 $0.000000 1,050,000 30 Jun 2023 Class A Subordinate Voting Shares 1,050,000 $0.1500 Direct F9, F10, F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Converted from Canadian exercise price of C$0.90 using the Bank of Canada exchange rate of C$1.3284 = US$1.00 as of July 10, 2023.
F2 This transaction is being filed late due to an inadvertent administrative error.
F3 The options vest in monthly 1/24th increments beginning on April 27, 2023.
F4 On December 5, 2022, the reporting person was granted an option to acquire an additional 450,000 Class A Subordinated Voting Shares in a transaction exempt under Rule 16b-3(d), as report on a Form 4 filed on December 9, 2022.
F5 The reporting person agreed to cancellation of an option granted to him on April 27, 2022, in a transaction exempt under Rule 16b-3(e), in consideration of the future issuance of a new option having a lower exercise price.
F6 Converted from Canadian exercise price of C$0.70 using the Bank of Canada exchange rate of C$1.3284 = US$1.00 as of July 10, 2023.
F7 The options vest in monthly 1/24th increments beginning on December 5, 2023.
F8 The reporting person agreed to cancellation of an option granted to him on December 5, 2022, in a transaction exempt under Rule 16b-3(e), in consideration of the future issuance of a new option having a lower exercise price.
F9 Converted from Canadian exercise price of C$0.20 using the Bank of Canada exchange rate of C$1.3284 = US$1.00 as of July 10, 2023.
F10 The reporting person previously agreed to cancellation of two options granted to him on April 27, 2022 and December 5, 2022, respectively, in exchange for the issuance of a new option having a lower exercise price in a transaction exempt under Rule 16b-3(d)(1).
F11 1/3rd of the options vest on December 30, 2023; 1/3rd vest on June 30, 2023; and 1/3rd vest on December 30, 2024.