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

Role
SVP, General Counsel & Corporate Secretary
Signature
/s/ Nandini Somayaji, as attorney-in-fact for Charles Kraus
Issuer symbol
DRTTF
Transactions as of
17 Jun 2021
Net transactions value
-$120,168
Form type
4
Filing time
22 Jun 2021, 21:53:37 UTC
Previous filing
19 May 2021
Next filing
03 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DRTT Common Shares Options Exercise +48,148 +245% 67,802 17 Jun 2021 Direct F1
transaction DRTT Common Shares Tax liability $66,261 -18,104 -27% $3.66 49,698 17 Jun 2021 Direct
transaction DRTT Common Shares Sale $53,907 -15,000 -30% $3.59 34,698 18 Jun 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 -48,148 -33% $0.000000 96,296 17 Jun 2021 Common Shares 48,148 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