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

Signature
/s/ Shaun Noll
Issuer symbol
DRTTF
Transactions as of
20 Dec 2023
Net transactions value
+$300,088
Form type
4
Filing time
26 Dec 2023, 08:37:12 UTC
Previous filing
05 Dec 2023
Next filing
03 Jan 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 $300,088 +7,283,697 +33% $0.0412* 29,479,286 20 Dec 2023 Common Shares 5,957,337 See footnote F1, F2, F3
holding DRTTF Rights to purchase Common Shares 10,157 20 Dec 2023 Common Shares 8 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.