KRANE KRISTOPHER 4

Accession 0000950170-24-138179

CIK 0001783875other

Filed

Dec 17, 7:00 PM ET

Accepted

Dec 18, 9:42 PM ET

Size

19.4 KB

Accession

0000950170-24-138179

Form 4

Period: 2024-12-16

Director

Transactions

Disposition to Issuer
Stock Option (right to buy)
2024-12-16−1,000,000→ 0 total
Exercise: $0.14Exp: 2028-06-23→ Class A Subordinate Voting Shares (1,000,000 underlying)
Disposition to Issuer
Stock Option (right to buy)
2024-12-16−600,000→ 0 total
Exercise: $0.02Exp: 2028-04-23→ Class A Subordinate Voting Shares (600,000 underlying)
Award
Stock Option (right to buy)
2024-12-16+400,000→ 4,729,840 total
Exercise: $0.01Exp: 2029-12-16→ Class A Subordinate Voting Shares (400,000 underlying)
Disposition to Issuer
Stock Option (right to buy)
2024-12-16−400,000→ 0 total
Exercise: $0.09Exp: 2029-07-25→ Class A Subordinate Voting Shares (400,000 underlying)
Award
Stock Option (right to buy)
2024-12-16+600,000→ 4,729,840 total
Exercise: $0.01Exp: 2029-12-16→ Class A Subordinate Voting Shares (600,000 underlying)
Award
Stock Option (right to buy)
2024-12-16+1,000,000→ 4,729,840 total
Exercise: $0.01Exp: 2029-12-16→ Class A Subordinate Voting Shares (1,000,000 underlying)
Award
Stock Option (right to buy)
2024-12-16+2,729,840→ 4,729,840 total
Exercise: $0.01Exp: 2029-12-16→ Class A Subordinate Voting Shares (2,729,840 underlying)

Footnotes (13)

[F1]Converted from CAD$0.02 based on CAD-USD Bank of Canada exchange rate of 1.4239 on December 16, 2024.
[F10]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.
[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 vested one-third on December 23, 2023, one-third on June 23, 2024, and one-third on December 23, 2024.
[F13]Fully vested upon grant.
[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 vest in equal monthly increments at a rate of 1/24th per month, with all options vested on April 28, 2026.
[F6]The Reporting Person agreed to cancellation of an option granted on April 28, 2023, in exchange for a new option having a lower exercise price.
[F7]Converted from Canadian exercise price of C$0.23 using an exchange rate of C$1.3578 = US$1.00 as of April 28, 2023.
[F8]The option grant is subject to a one-year vesting cliff, thereafter the options will vest in equal monthly increments over a 24-month period.
[F9]Two-thirds of the options vested upon grant, and one-third of the options vest on December 31, 2024.

Documents

1 file

4Front Ventures Corp.

CIK 0001783875

Entity typeother