Nandini Somayaji - Mar 1, 2023 Form 4 Insider Report for DIRTT ENVIRONMENTAL SOLUTIONS LTD (DRTT)

Role
General Counsel & Corporate Secretary.
Signature
/s/ Nandini Somayaji
Stock symbol
DRTT
Transactions as of
Mar 1, 2023
Transactions value $
-$5,780
Form type
4
Date filed
3/3/2023, 06:40 PM
Previous filing
Dec 2, 2022
Next filing
May 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DRTT Common Shares Options Exercise +4.53K +8.74% 56.3K Mar 1, 2023 Direct F1
transaction DRTT Common Shares Tax liability -$1.66K -2.51K -4.46% $0.66 53.8K Mar 1, 2023 Direct
transaction DRTT Common Shares Options Exercise +11.2K +20.9% 65K Mar 1, 2023 Direct F2
transaction DRTT Common Shares Tax liability -$4.12K -6.25K -9.61% $0.66 58.7K Mar 1, 2023 Direct

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 +4.53K $0.00 4.53K Mar 1, 2022 Common Shares 4.53K Direct F1
transaction DRTT Restricted Share Units Options Exercise $0 +11.2K +100% $0.00 22.5K Mar 1, 2022 Common Shares 11.2K Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 1, 2021, the reporting person was granted 13,575 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 Common Share of the Issuer or, at the Issuer's discretion, a number of Common Shares (or a combination of cash and Common Shares) equal to the fair market value of one Common Share. One-third of the RSUs vested on March 1, 2023 and were converted into Common Stock on a one-to-one basis at the Issuer's discretion.
F2 On March 1, 2022, the reporting person was granted 33,708 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 Common Share of the Issuer or, at the Issuer's discretion, a number of Common Shares (or a combination of cash and Common Shares) equal to the fair market value of one Common Share. One-third of the RSUs vested on March 1, 2023 and were converted into Common Stock on a one-to-one basis at the Issuer's discretion.

Remarks:

General Counsel & Corporate Secretary.