Shaun Noll - Dec 29, 2023 Form 4 Insider Report for DIRTT ENVIRONMENTAL SOLUTIONS LTD (DRTTF)

Signature
/s/ Fareeha Khan, as attorney-in-fact for Shaun Noll
Stock symbol
DRTTF
Transactions as of
Dec 29, 2023
Transactions value $
$33,156
Form type
4
Date filed
1/3/2024, 12:49 PM
Previous filing
Dec 26, 2023
Next filing
Jan 18, 2024

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction DRTTF Deferred Share Unit Award $33.2K +92.1K +26.53% $0.36 439K Dec 29, 2023 Common Shares 92.1K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each deferred share unit ("DSU") was granted pursuant to the DIRTT Environmental Solutions Ltd. Amended and Restated Long Term Incentive Plan and is the economic equivalent of one common share (a "Common Share") of DIRTT Environmental Solutions Ltd. (the "Issuer"). All DSUs settle following the cessation of service and employment with the Issuer (the "Termination Date"). For directors who are subject to taxation in the United States ("US Directors"), the DSUs will settle no later than forty days following the Termination Date. Each DSU will be settled in one Common Share or in the cash equivalent of such Common Shares, calculated based on the closing price of the Common Shares on the day prior to the 30th day following separation from service for US Directors
F2 The price used to calculate the number of DSUs granted was C$0.48, which was the closing price Issuer's Common Shares as reported on the Toronto Stock Exchange on December 29, 2023. The price was converted using the Bank of Canada exchange rate for December 29, 2023 of C$1.3226 = US$1.00