Shaun Noll - Dec 20, 2023 Form 4 Insider Report for DIRTT ENVIRONMENTAL SOLUTIONS LTD (DRTTF)

Role
Director, 10%+ Owner
Signature
/s/ Shaun Noll
Stock symbol
DRTTF
Transactions as of
Dec 20, 2023
Transactions value $
$300,088
Form type
4
Date filed
12/26/2023, 08:37 AM
Previous filing
Dec 5, 2023
Next filing
Jan 3, 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 Rights to purchase Common Shares Purchase $300K +7.28M +32.82% $0.04* 29.5M Dec 20, 2023 Common Shares 5.96M See footnote F1, F2, F3
holding DRTTF Rights to purchase Common Shares 10.2K Dec 20, 2023 Common Shares 8.31 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Issuer distributed transferable subscription rights (the "Rights") to purchase up to an aggregate of 85,714,285 Common Shares, at no charge, to holders of record of the Common Shares as of the close of business on December 12, 2023. Subject to the applicable terms and conditions, each Right entitles the holder thereof to purchase 0.81790023 Common Shares from the Issuer at a subscription price of CA$0.35 per whole Common Share, as further described in the Issuer's Free Writing Prospectus filed with the SEC on December 11, 2023.
F2 WWT1 purchased 7,283,697 Rights in private transactions at a price of CA$0.0549 per Right. The purchase price of US$0.0412 per Right reported above is based on the December 20, 2023 daily exchange rate of CA$1.331 per $US$1.00, as published by the Bank of Canada on December 21, 2023.
F3 These securities are held by WWT Opportunity #1 LLC ("WWT1"). Shaun Noll, as the Managing Member of WWT1, may be deemed a beneficial owner of securities held by WWT1, but disclaims such beneficial ownership except to the extent of his pecuniary interest therein.