Sec Form 4 Filing - DAILY DAVID RYAN @ 4Front Ventures Corp. - 2024-12-20

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
DAILY DAVID RYAN
2. Issuer Name and Ticker or Trading Symbol
4Front Ventures Corp. [ FFNTF]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
C/O 4FRONT VENTURES CORP., 7010 E. CHAUNCEY LANE, SUITE 235
3. Date of Earliest Transaction (MM/DD/YY)
12/20/2024
(Street)
PHOENIX, AZ85054
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (right to buy) $ 0.02 ( 1 ) 12/20/2024 A 400,000 ( 2 ) 12/20/2029 Class A Subordinate Voting Shares 400,000 ( 3 ) 1,600,000 D
Stock Option (right to buy) $ 0.09 ( 4 ) 12/20/2024 D 400,000 ( 2 ) 07/25/2029 Class A Subordinate Voting Shares 400,000 ( 3 ) 0 D
Stock Option (right to buy) $ 0.02 ( 1 ) 12/20/2024 A 1,200,000 ( 5 ) 12/20/2029 Class A Subordinate Voting Shares 1,200,000 ( 6 ) 1,600,000 D
Stock Option (right to buy) $ 0.14 ( 7 ) 12/20/2024 D 1,200,000 ( 5 ) 06/23/2028 Class A Subordinate Voting Shares 1,200,000 ( 6 ) 0 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
DAILY DAVID RYAN
C/O 4FRONT VENTURES CORP.
7010 E. CHAUNCEY LANE, SUITE 235
PHOENIX, AZ85054
X
Signatures
/s/ David Daily 12/23/2024
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Converted from CAD$0.03 based on CAD-USD Bank of Canada exchange rate of 1.4365 on December 20, 2024.
( 2 )No options vest until July 25, 2025, then 1/24th of the options vest each month.
( 3 )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.
( 4 )Converted from CAD$0.12 based on CAD-USD Bank of Canada exchange rate of 1.3819 on July 25, 2024.
( 5 )Two-thirds of the options vested upon grant, and one-third of the options vest on December 31, 2024.
( 6 )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.
( 7 )Converted from CAD$0.19 based on CAD-USD Bank of Canada exchange rate of 1.3199 on June 23, 2023.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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