4Front Ventures (FFNTF) Form 4/A 4Front Ventures / ROMAN TKACHENKO ownership change

SEC Form 4

FORM 4

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
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:	3235-0287
Estimated average burden
hours per response:	0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

TKACHENKO ROMAN

(Last) (First) (Middle)

C/O 4FRONT VENTURES CORP.

5060 N. 40TH STREET, SUITE 120

(Street)

PHOENIX AZ 85018

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
05/26/2023

4. If Amendment, Date of Original Filed (Month/Day/Year)
06/02/2023

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	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 (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	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 (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (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: 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)	$0.17(1)	05/26/2023		A		700,000		(2)	05/26/2028	Class A Subordinate Voting Shares	700,000	$0.00	700,000(3)	D
Stock Option (right to buy)	$0.71(4)	05/26/2023		D(3)			100,000	(5)	11/24/2025	Class A Subordinate Voting Shares	100,000	(6)	700,000	D
Stock Option (right to buy)	$0.8(7)	05/26/2023		D(3)			600,000	(8)	12/21/2025	Class A Subordinate Voting Shares	600,000	(9)	700,000	D
Stock Option (right to buy)	$0.7(10)	05/26/2023		D(3)			400,000	(11)	(2)	Class A Subordinate Voting Shares	400,000	(12)	700,000	D

Explanation of Responses:

1. Converted from Canadian exercise price of C$0.22 using the Bank of Canada exchange rate of C$1.3284 = US$1.00 as of July 10, 2023.

2. 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.

3. This Form 4/A amends and restates a Form 4 filed by the reporting person on June 2, 2023, to correct the number of derivative securities reported as beneficially owned by the reporting person and to include the disposition of three options to the issuer for cancellation in a transaction exempt under Rule 16b-3(e).

4. Converted from Canadian exercise price of C$0.94 using the Bank of Canada exchange rate of C$1.3284 = US$1.00 as of July 10, 2023.

5. The option was granted on November 24, 2020. Two-thirds vested as of the date of grant and one-third vested as of June 12, 2021.

6. The reporting person agreed to cancellation of an option granted to him on November 24, 2020, in exchange for the future issuance of a new option having a lower exercise price.

7. Converted from Canadian exercise price of C$1.06 using the Bank of Canada exchange rate of C$1.3284 = US$1.00 as of July 10, 2023.

8. The option was granted on December 21, 2020. One-third vested on December 21, 2021, one-third vested on December 21, 2022, and one-third vests on December 21, 2023.

9. The reporting person agreed to cancellation of an option granted to him on December 21, 2020, in exchange for the future issuance of a new option having a lower exercise price.

10. Converted from Canadian exercise price of C$0.22 using the Bank of Canada exchange rate of C$1.3284 = US$1.00 as of July 10, 2023.

11. The option was granted on December 5, 2022 and vests in monthly 1/24th increments beginning on December 5, 2023.

12. The reporting person agreed to cancellation of an option granted to him on December 5, 2022, in exchange for the future issuance of a new option having a lower exercise price.

Remarks:

	/s/ Roman Tkachenko	07/11/2023
	** Signature of Reporting Person	Date
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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.