Scott Robinson - Jun 30, 2023 Form 4 Insider Report for DIRTT ENVIRONMENTAL SOLUTIONS LTD (DRTT)

Role
Director
Signature
/s/ Brad Little, as attorney-in-fact, For Scott Robinson
Stock symbol
DRTT
Transactions as of
Jun 30, 2023
Transactions value $
$3,440,038,940
Form type
4
Date filed
7/18/2023, 01:15 PM
Previous filing
Apr 4, 2023
Next filing
Oct 3, 2023

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 Deferred Share Unit Award $3.44B +112K +47.47% $30,589.00* 349K Jun 30, 2023 Common Shares 112K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each deferred share unit ("DSU") was granted pursuant to the DIRTT Environmental Solutions Ltd. Amended and Restated Long Term Incentive Plan and is the economic equivalent of one common share (a "Common Share") of DIRTT Environmental Solutions Ltd. (the "Issuer"). All DSUs settle following the cessation of service and employment with the Issuer (the "Termination Date"). For directors who are subject to taxation in the United States ("US Directors"), the DSUs will settle no later than forty days following the Termination Date. Each DSU will be settled in one Common Share or in the cash equivalent of such Common Shares, calculated based on the closing price of the Common Shares on the day prior to the 30th day following separation from service for US Directors on the stock exchange which has the greatest trading volume of Common Shares for the previous six months.
F2 The price used to calculate the number of DSUs granted was $0.272, which was the closing price Issuer's Common Shares as reported on the NASDAQ Stock Exchange on June 29, 2023

Remarks:

See attached for Exhibit 24, Power of Attorney