GULATI CHETAN 4
4 · 4Front Ventures Corp. · Filed Jun 30, 2023
Insider Transaction Report
Form 4
GULATI CHETAN
Director
Transactions
- Disposition to Issuer
Stock Option (right to buy)
2023-06-23−200,000→ 0 totalExercise: $1.23Exp: 2026-03-18→ Class A Subordinate Voting Shares (200,000 underlying) - Award
Stock Option (right to buy)
2023-06-23+1,550,000→ 1,550,000 totalExercise: $0.14Exp: 2028-06-23→ Class A Subordinate Voting Shares (1,550,000 underlying) - Disposition to Issuer
Stock Option (right to buy)
2023-06-23−600,000→ 0 totalExercise: $0.80Exp: 2025-12-21→ Class A Subordinate Voting Shares (600,000 underlying) - Disposition to Issuer
Stock Option (right to buy)
2023-06-23−400,000→ 0 totalExercise: $0.53Exp: 2027-12-05→ Class A Subordinate Voting Shares (400,000 underlying) - Disposition to Issuer
Stock Option (right to buy)
2023-06-23−350,000→ 0 totalExercise: $0.53Exp: 2027-12-05→ Class A Subordinate Voting Shares (350,000 underlying)
Footnotes (12)
- [F1]Converted from Canadian exercise price of C$1.06 using an exchange rate of C$1.3199 = US$1.00 as of June 23, 2023.
- [F10]The option was granted on December 5, 2022 and vests on December 5, 2023.
- [F11]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.
- [F12]The options will vest 1/3rd on December 23, 2023, 1/3rd on June 23, 2024, and 1/3rd on December 23, 2024.
- [F2]The option was granted on December 21, 2020 and vests as follows: one-third on December 21, 2021, one-third on December 21, 2022, and one-third on December 21, 2023.
- [F3]The reporting person agreed to cancellation of an option granted to him on December 21, 2020, in exchange for a new option having a lower exercise price.
- [F4]Converted from Canadian exercise price of C$1.63 using an exchange rate of C$1.3199 = US$1.00 as of June 23, 2023.
- [F5]The option was granted on March 18, 2021 and vested in three equal installments on September 18, 2021, March 18, 2022 and September 18, 2022.
- [F6]The reporting person agreed to cancellation of an option granted to him on March 18, 2021, in exchange for a new option having a lower exercise price.
- [F7]Converted from Canadian exercise price of C$0.70 using an exchange rate of C$1.3199 = US$1.00 as of June 23, 2023.
- [F8]The option was granted on December 5, 2022 and vests in monthly 1/24th increments beginning on December 5, 2023.
- [F9]The reporting person agreed to cancellation of an option granted to him on December 5, 2022, in exchange for a new option having a lower exercise price.