Roman Tkachenko - 26 May 2023 Form 4 Insider Report for 4Front Ventures Corp. (FFNTF)

Role
Director
Signature
/s/ Roman Tkachenko
Issuer symbol
FFNTF
Transactions as of
26 May 2023
Net transactions value
$0
Form type
4
Filing time
11 Jul 2023, 16:09:59 UTC
Previous filing
09 Dec 2022
Next 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 $0 +1,100,000 +157% $0.000000 1,800,000 30 Jun 2023 Class A Subordinate Voting Shares 1,100,000 $0.1500 Direct F1, F2, F3
* 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$0.20 using the Bank of Canada exchange rate of C$1.3284 = US$1.00 as of July 10, 2023.
F2 The reporting person previously agreed to cancellation of three options granted to him on November 24, 2020, December 21, 2020 and December 5, 2023, 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).
F3 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.