Shaun Noll - Jan 9, 2024 Form 4 Insider Report for DIRTT ENVIRONMENTAL SOLUTIONS LTD (DRTTF)

Role
Director, 10%+ Owner
Signature
/s/ Shaun Noll
Stock symbol
DRTTF
Transactions as of
Jan 9, 2024
Transactions value $
$8,151,854
Form type
4
Date filed
1/18/2024, 04:03 PM
Previous filing
Jan 3, 2024
Next filing
Apr 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DRTTF Common Shares Options Exercise $18K +68.9K +692.01% $0.26 78.9K Jan 9, 2024 Direct F1, F2
transaction DRTTF Common Shares Options Exercise $8.13M +31.1M +140.26% $0.26 53.3M Jan 9, 2024 See footnote F1, F2, F3

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 Subscription Rights (right to buy) Options Exercise $0 -10.5K -100% $0.00* 0 Jan 9, 2023 Common Shares 68.9K $0.26 Direct F1, F2
transaction DRTTF Subscription Rights (right to buy) Options Exercise $0 -29.5M -100% $0.00* 0 Jan 9, 2023 Common Shares 31.1M $0.26 See footnote F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On January 9, 2024, DIRTT Environmental Solutions Lts. ("DIRTT") announced the results of its CA$30.0 million rights offering (the "Rights Offering"). Each subscription right was exercisable for 0.81790023 DIRTT Common Shares, rounded down to the nearest whole number, together with oversubscription rights. The reporting persons participated in the Rights Offering in full, as well as exercising their oversubscription rights, at a subscription price of CA$0.35 per DIRTT Common Share. The number of Common Shares reported above includes the allocation pursuant to the reporting persons' exercise of their oversubscription rights.
F2 The subscription price of US$0.2614 per Common Share reported above is based on the January 9, 2024 daily exchange rate of CA$1.3391 per $US$1.00, as published by the Bank of Canada on January 15, 2024.
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.