KRANE KRISTOPHER 4

4 · 4Front Ventures Corp. · Filed Jun 30, 2023

Form 4

Period: 2023-06-23

Director

Transactions

Disposition to Issuer
Stock Option (right to buy)
2023-06-23−750,000→ 3,329,840 total
Exercise: $0.76Exp: 2024-08-22→ Class A Subordinate Voting Shares (750,000 underlying)
Award
Stock Option (right to buy)
2023-06-23+1,000,000→ 4,329,840 total
Exercise: $0.14Exp: 2028-06-23→ Class A Subordinate Voting Shares (1,000,000 underlying)
Disposition to Issuer
Stock Option (right to buy)
2023-06-23−250,000→ 3,329,840 total
Exercise: $0.65Exp: 2026-09-15→ Class A Subordinate Voting Shares (250,000 underlying)

Footnotes (8)

[F1]Converted from Canadian exercise price of C$1.00 using an exchange rate of C$1.3199 = US$1.00 as of June 23, 2023.
[F2]The option was granted on August 22, 2019 and vested as follows: one-third on August 22, 2020, one-third on August 21, 2021, and one-third on August 22, 2022.
[F3]The reporting person agreed to cancellation of an option granted to him on August 22, 2019, in exchange for a new option having a lower exercise price.
[F4]Converted from Canadian exercise price of C$0.86 using an exchange rate of C$1.3199 = US$1.00 as of June 23, 2023.
[F5]The option was granted on September 15, 2020 and vested as follows: one-half on March 15, 2021, and one-half on September 15, 2021.
[F6]The reporting person agreed to cancellation of an option granted to him on September 15, 2020, in exchange for a new option having a lower exercise price.
[F7]Converted from Canadian exercise price of C$0.19 using an exchange rate of C$1.3199 = US$1.00 as of June 23, 2023.
[F8]The options will vest 1/3rd on December 23, 2023, 1/3rd on June 23, 2024, and 1/3rd on December 23, 2024.

Documents

1 file