4//SEC Filing
Hunt Robert E 4
Accession 0000899243-23-017350
CIK 0001783875other
Filed
Jul 10, 8:00 PM ET
Accepted
Jul 11, 4:02 PM ET
Size
14.1 KB
Accession
0000899243-23-017350
Insider Transaction Report
Form 4
Hunt Robert E
Director
Transactions
- Disposition to Issuer
Stock Option (right to buy)
2023-05-26+600,000→ 0 totalExercise: $0.68Exp: 2027-04-27→ Class A Subordinate Voting Shares (600,000 underlying) - Award
Stock Option (right to buy)
2023-06-30+1,050,000→ 1,050,000 totalExercise: $0.15Exp: 2028-06-30→ Class A Subordinate Voting Shares (1,050,000 underlying) - Award
Stock Option (right to buy)
2022-04-27+600,000→ 600,000 totalExercise: $0.68Exp: 2027-04-27→ Class A Subordinate Voting Shares (600,000 underlying) - Disposition to Issuer
Stock Option (right to buy)
2023-05-26+450,000→ 0 totalExercise: $0.53Exp: 2027-12-05→ Class A Subordinate Voting Shares (450,000 underlying)
Footnotes (11)
- [F1]Converted from Canadian exercise price of C$0.90 using the Bank of Canada exchange rate of C$1.3284 = US$1.00 as of July 10, 2023.
- [F10]The reporting person previously agreed to cancellation of two options granted to him on April 27, 2022 and December 5, 2022, respectively, in exchange for the issuance of a new option having a lower exercise price in a transaction exempt under Rule 16b-3(d)(1).
- [F11]1/3rd of the options vest on December 30, 2023; 1/3rd vest on June 30, 2023; and 1/3rd vest on December 30, 2024.
- [F2]This transaction is being filed late due to an inadvertent administrative error.
- [F3]The options vest in monthly 1/24th increments beginning on April 27, 2023.
- [F4]On December 5, 2022, the reporting person was granted an option to acquire an additional 450,000 Class A Subordinated Voting Shares in a transaction exempt under Rule 16b-3(d), as report on a Form 4 filed on December 9, 2022.
- [F5]The reporting person agreed to cancellation of an option granted to him on April 27, 2022, in a transaction exempt under Rule 16b-3(e), in consideration of the future issuance of a new option having a lower exercise price.
- [F6]Converted from Canadian exercise price of C$0.70 using the Bank of Canada exchange rate of C$1.3284 = US$1.00 as of July 10, 2023.
- [F7]The options vest in monthly 1/24th increments beginning on December 5, 2023.
- [F8]The reporting person agreed to cancellation of an option granted to him on December 5, 2022, in a transaction exempt under Rule 16b-3(e), in consideration of the future issuance of a new option having a lower exercise price.
- [F9]Converted from Canadian exercise price of C$0.20 using the Bank of Canada exchange rate of C$1.3284 = US$1.00 as of July 10, 2023.
Documents
Issuer
4Front Ventures Corp.
CIK 0001783875
Entity typeother
Related Parties
1- filerCIK 0001579309
Filing Metadata
- Form type
- 4
- Filed
- Jul 10, 8:00 PM ET
- Accepted
- Jul 11, 4:02 PM ET
- Size
- 14.1 KB