Chetan Gulati - Dec 20, 2024 Form 4 Insider Report for 4Front Ventures Corp. (FFNTF)

Role
Director
Signature
/s/ Chetan Gulati
Stock symbol
FFNTF
Transactions as of
Dec 20, 2024
Transactions value $
$0
Form type
4
Date filed
12/23/2024, 03:30 PM
Previous filing
Aug 7, 2024
Next filing
Apr 8, 2025
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 +400K +25.81% 1.95M Dec 20, 2024 Class A Subordinate Voting Shares 400K $0.02 Direct F1, F2, F3
transaction FFNTF Stock Option (right to buy) Disposed to Issuer -400K -100% 0 Dec 20, 2024 Class A Subordinate Voting Shares 400K $0.09 Direct F2, F3, F4
transaction FFNTF Stock Option (right to buy) Award +1.55M +387.5% 1.95M Dec 20, 2024 Class A Subordinate Voting Shares 1.55M $0.02 Direct F1, F5, F6
transaction FFNTF Stock Option (right to buy) Disposed to Issuer -1.55M -100% 0 Dec 20, 2024 Class A Subordinate Voting Shares 1.55M $0.14 Direct F5, F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Converted from CAD$0.03 based on CAD-USD Bank of Canada exchange rate of 1.4365 on December 20, 2024.
F2 No options vest until July 25, 2025, then 1/24th of the options vest each month.
F3 The Reporting Person agreed to cancellation of an option granted on July 25, 2024, in exchange for a new option having a lower exercise price.
F4 Converted from CAD$0.12 based on CAD-USD Bank of Canada exchange rate of 1.3819 on July 25, 2024.
F5 Two-thirds of the options vested upon grant, and one-third of the options vest on December 31, 2024.
F6 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.
F7 Converted from CAD$0.19 based on CAD-USD Bank of Canada exchange rate of 1.3199 on June 23, 2023.