DAILY DAVID RYAN 4

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

Form 4

Period: 2023-06-23

Director

Transactions

Award
Stock Option (right to buy)
2023-06-23+1,200,000→ 1,200,000 total
Exercise: $0.14Exp: 2028-06-23→ Class A Subordinate Voting Shares (1,200,000 underlying)
Disposition to Issuer
Stock Option (right to buy)
2023-06-23−200,000→ 0 total
Exercise: $0.84Exp: 2025-12-02→ Class A Subordinate Voting Shares (200,000 underlying)
Disposition to Issuer
Stock Option (right to buy)
2023-06-23−600,000→ 0 total
Exercise: $0.61Exp: 2024-08-22→ Class A Subordinate Voting Shares (600,000 underlying)
Disposition to Issuer
Stock Option (right to buy)
2023-06-23−400,000→ 0 total
Exercise: $0.53Exp: 2027-12-05→ Class A Subordinate Voting Shares (400,000 underlying)

Footnotes (11)

[F1]Converted from Canadian exercise price of C$0.80 using an exchange rate of C$1.3199 = US$1.00 as of June 23, 2023.
[F10]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.
[F11]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 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$1.11 using an exchange rate of C$1.3199 = US$1.00 as of June 23, 2023.
[F5]The option was granted on December 2, 2020 and vested as follows: one-half on June 2, 2021, and one-half on December 2, 2021.
[F6]The reporting person agreed to cancellation of an option granted to him on December 2, 2020, 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.

Documents

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