Keith Adams - Jul 24, 2023 Form 4 Insider Report for 4Front Ventures Corp. (FFNTF)

Role
CFO
Signature
/s/ Keith Adams
Stock symbol
FFNTF
Transactions as of
Jul 24, 2023
Transactions value $
$0
Form type
4
Date filed
7/28/2023, 04:58 PM
Previous filing
Jun 2, 2023
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 +1M +100% $0.00 2M Jul 24, 2023 Class A Subordinate Voting Shares 1M $0.18 Direct F1, F2
* 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$0.18 using an exchange rate of C$1.3172 = US$1.00 as of July 24, 2023.
F2 The reporting person previously agreed to cancellation of an options granted to him on November 22, 2022, in exchange for the issuance of a new option having a lower exercise price in a transaction exempt under Rule 16b-3(d)(1).