Cory Mitchell - 30 May 2023 Form 4 Insider Report for DIRTT ENVIRONMENTAL SOLUTIONS LTD (DRTTF)

Role: Director
Signature: /s/ Brad Little, as attorney-in-fact, For Cory Mitchell
Issuer symbol: DRTTF
Transactions as of: 30 May 2023
Net transaction value: +$785,961,225
Form type: 4
Filing time: 18 Jul 2023, 13:12:02 UTC
Previous filing: 04 Apr 2023
SEC filing: View on sec.gov

Key filing fact

Cory Mitchell filed Form 4 for DIRTT ENVIRONMENTAL SOLUTIONS LTD (DRTTF) on 18 Jul 2023.

Key facts

This page summarizes Cory Mitchell's Form 4 filing for DIRTT ENVIRONMENTAL SOLUTIONS LTD (DRTTF).
1 reported transaction and 1 derivative row are listed below.
Filing timestamp: 18 Jul 2023, 13:12.

Change

Previous filing in this sequence was filed on 04 Apr 2023.
Current net transaction value: +$785,961,225.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

See Original Filing

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

DRTT transaction Derivative

Deferred Share Unit

Award

Transaction value: $785,961,225
Shares: +46,725
Change %: +27%
Price: $16821.00^*
Shares after: 220,590
Date: 30 May 2023
Ownership: Direct
Underlying class: Common Shares
Underlying amount: 46,725
Exercise price
Footnotes: F1, F2

^* indicates a reported price that failed the local validity check.

Explanation of Responses:

Id	Content
F1	Each deferred share unit is the economic equivalent of one share of the Issuer's Common Shares. Generally, thirty days following the date that the Reporting Person ceases to serve on the board of directors of the Issuer, the deferred share units will be settled in cash based on the volume weighted average price of the Common Shares for the five immediately preceding days on which the Common Shares were trading on the Toronto Stock Exchange; provided, however that if the Issuer's Common Shares are trading on more than one exchange at such time, such calculation shall be based on the trading price over such five day period on the stock exchange with the higher average trading volume over the twenty trading days immediately prior to such date (such price the "Market Value").
F2	The price used to calculate the number of DSUs granted was $0.36, which was the Market Value of the Issuer's Common Shares on the date of grant

Content

Each deferred share unit is the economic equivalent of one share of the Issuer's Common Shares. Generally, thirty days following the date that the Reporting Person ceases to serve on the board of directors of the Issuer, the deferred share units will be settled in cash based on the volume weighted average price of the Common Shares for the five immediately preceding days on which the Common Shares were trading on the Toronto Stock Exchange; provided, however that if the Issuer's Common Shares are trading on more than one exchange at such time, such calculation shall be based on the trading price over such five day period on the stock exchange with the higher average trading volume over the twenty trading days immediately prior to such date (such price the "Market Value").

The price used to calculate the number of DSUs granted was $0.36, which was the Market Value of the Issuer's Common Shares on the date of grant

Remarks:

See attached for Exhibit 24, Power of Attorney