THUT ANDREW 4

4 · 4Front Ventures Corp. · Filed Dec 18, 2024

Form 4

Period: 2024-12-16

Chief Investment Officer

Transactions

Award
Stock Option (right to buy)
2024-12-16+1,965,440→ 14,011,040 total
Exercise: $0.01Exp: 2029-12-16→ Class A Subordinate Voting Shares (1,965,440 underlying)
Award
Stock Option (right to buy)
2024-12-16+8,045,600→ 14,011,040 total
Exercise: $0.01Exp: 2029-12-16→ Class A Subordinate Voting Shares (8,045,600 underlying)
Disposition to Issuer
Stock Option (right to buy)
2024-12-16−4,000,000→ 0 total
Exercise: $0.17Exp: 2028-04-21→ Class A Subordinate Voting Shares (4,000,000 underlying)
Disposition to Issuer
Stock Option (right to buy)
2024-12-16−8,045,600→ 0 total
Exercise: $0.14Exp: 2028-06-23→ Class A Subordinate Voting Shares (8,045,600 underlying)
Award
Stock Option (right to buy)
2024-12-16+4,000,000→ 14,011,040 total
Exercise: $0.01Exp: 2029-12-16→ Class A Subordinate Voting Shares (4,000,000 underlying)

Footnotes (9)

[F1]Converted from CAD$0.02 based on CAD-USD Bank of Canada exchange rate of 1.4239 on December 16, 2024.
[F2]Two-thirds of the options vested upon grant, and one-third of the options vest on December 31, 2024.
[F3]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.
[F4]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.
[F5]The options vested one-third on December 23, 2023, one-third on June 23, 2024, and one-third on December 23, 2024.
[F6]Fully vested upon grant.
[F7]The Reporting Person agreed to cancellation of an option granted on April 18, 2023, in exchange for a new option having a lower exercise price.
[F8]Converted from Canadian exercise price of C$0.23 using an exchange rate of C$1.3387 = US$1.00 as of April 18, 2023.
[F9]No options vest until April 18, 2024, then 1/24th of the options vest each month.

Documents

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