R. Charles Kraus - Jun 17, 2021 Form 4 Insider Report for DIRTT ENVIRONMENTAL SOLUTIONS LTD (DRTT)

Role
SVP, General Counsel & Corporate Secretary
Signature
/s/ Nandini Somayaji, as attorney-in-fact for Charles Kraus
Stock symbol
DRTT
Transactions as of
Jun 17, 2021
Transactions value $
-$120,168
Form type
4
Date filed
6/22/2021, 09:53 PM
Previous filing
May 19, 2021
Next filing
Mar 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DRTT Common Shares Options Exercise +48.1K +244.98% 67.8K Jun 17, 2021 Direct F1
transaction DRTT Common Shares Tax liability -$66.3K -18.1K -26.7% $3.66 49.7K Jun 17, 2021 Direct
transaction DRTT Common Shares Sale -$53.9K -15K -30.18% $3.59 34.7K Jun 18, 2021 Direct F2

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 DRTT Restricted Share Units Options Exercise $0 -48.1K -33.33% $0.00 96.3K Jun 17, 2021 Common Shares 48.1K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On June 17, 2020, the reporting person was granted 144,444 restricted share units ("RSUs"), vesting in three equal annual installments beginning on the first anniversary of the grant date. Each RSU represents a conditional right to receive a cash payment equal to the fair market value of one share of common stock of the Issuer (a "Common Share") or, at the Issuer's discretion, a number of Common Shares equal to the number of vested RSUs (or a combination of cash and Common Shares). One-third of the RSUs vested on June 17, 2021 and were converted into Common Stock on a one-to-one basis at the Issuer's discretion.
F2 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions in prices ranging from $3.57 to $3.63, inclusive. The reporting person undertakes to provide to DIRTT Environmental Solutions Ltd., any security holder of DIRTT Environmental Solutions Ltd., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range

Remarks:

SVP, General Counsel & Corporate Secretary