Roman Tkachenko - Jan 3, 2025 Form 4 Insider Report for 4Front Ventures Corp. (FFNTF)

Role
Director
Signature
/s/ Roman Tkachenko
Stock symbol
FFNTF
Transactions as of
Jan 3, 2025
Transactions value $
$0
Form type
4
Date filed
1/6/2025, 06:55 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 +22.22% 2.2M Jan 3, 2025 Class A SVS 400K $0.01 Direct F1, F2, F3
transaction FFNTF Stock Option (right to buy) Disposed to Issuer -400K -100% 0 Jan 3, 2025 Class A SVS 400K $0.09 Direct F2, F3, F4
transaction FFNTF Stock Option (right to buy) Award +1.1M +100% 2.2M Jan 3, 2025 Class A SVS 1.2M $0.01 Direct F1, F5, F6
transaction FFNTF Stock Option (right to buy) Disposed to Issuer -1.1M -100% 0 Jan 3, 2025 Class A SVS 1.2M $0.15 Direct F5, F6, F7
transaction FFNTF Stock Option (right to buy) Award +700K +46.67% 2.2M Jan 3, 2025 Class A SVS 700K $0.01 Direct F1, F8, F9
transaction FFNTF Stock Option (right to buy) Disposed to Issuer -700K -100% 0 Jan 3, 2025 Class A SVS 700K $0.16 Direct F8, F9, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Converted from CAD$0.02 based on CAD-USD Bank of Canada exchange rate of 1.4442 on January 3, 2025.
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 The options are vested upon grant, however, pursuant to the terms of the award agreement may not be exercised prior to June 30, 2025.
F6 The Reporting Person agreed to cancellation of an option granted on June 30, 2023, in exchange for a new option having a lower exercise price.
F7 Converted from CAD$0.20 based on CAD-USD Bank of Canada exchange rate of 1.324 on June 30, 2023.
F8 7/24ths of the options are vested upon grant; the remainder of the options vest 1/24th each month.
F9 The Reporting Person agreed to cancellation of an option granted on May 26, 2023, in exchange for a new option having a lower exercise price.
F10 Converted from CAD$0.22 based on CAD-USD Bank of Canada Exchange rate of 1.3623 on May 26, 2023.