Richard Hunter - Jun 7, 2023 Form 4 Insider Report for DIRTT ENVIRONMENTAL SOLUTIONS LTD (DRTT)

Role: Chief Operating Officer
Signature: /s/ Nandini Somayaji, as attorney-in-fact for Richard Hunter
Stock symbol: DRTT
Transactions as of: Jun 7, 2023
Transactions value $: $0
Form type: 4
Date filed: 6/9/2023, 09:30 PM
Previous filing: Dec 2, 2022
Next filing: Jan 5, 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	DRTT	Restricted Share Units	Award	$0	+350K		$0.00	350K	Jun 7, 2023	Common Shares	350K		Direct	F1
transaction	DRTT	Restricted Share Units	Award	$0	+150K		$0.00	150K	Jun 7, 2023	Common Shares	150K		Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On June 7, 2023, the reporting person was granted 300,000 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 (or a combination of cash and Common Shares) equal to the fair market value of one Common Share.
F2	On June 7, 2023, the reporting person was granted 150,000 RSUs vesting on March 31, 2024. 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.

Content

On June 7, 2023, the reporting person was granted 300,000 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 (or a combination of cash and Common Shares) equal to the fair market value of one Common Share.

On June 7, 2023, the reporting person was granted 150,000 RSUs vesting on March 31, 2024. 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.