22 Nw, Lp - Jun 18, 2021 Form 4 Insider Report for DIRTT ENVIRONMENTAL SOLUTIONS LTD (DRTT)

Role
10%+ Owner
Signature
22NW Fund, LP; By: 22NW Fund GP, LLC; By: /s/ Aron R. English, Manager
Stock symbol
DRTT
Transactions as of
Jun 18, 2021
Transactions value $
$7,443,262
Form type
4
Date filed
7/16/2021, 05:11 PM
Previous filing
Jun 21, 2021
Next filing
Jul 28, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DRTT Common Shares Purchase $89.3K +25.6K +0.3% $3.49 8.47M Jun 18, 2021 By: 22NW Fund, LP F1, F2
transaction DRTT Common Shares Purchase $86.2K +24K +19.06% $3.59 150K Jun 22, 2021 By: Aron R. English F1, F3
transaction DRTT Common Shares Purchase $1.84M +440K +5.2% $4.17 8.91M Jul 14, 2021 By: 22NW Fund, LP F1, F2, F4
transaction DRTT Common Shares Purchase $5.33M +1.2M +13.5% $4.43 10.1M Jul 15, 2021 By: 22NW Fund, LP F1, F2, F5
transaction DRTT Common Shares Purchase $101K +22.4K +0.22% $4.50 10.1M Jul 16, 2021 By: 22NW Fund, LP F1, F2, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This Form 4 is filed jointly by 22NW Fund, LP ("22NW Fund"), 22NW, LP ("22NW"), 22NW Fund GP, LLC ("22NW GP"), 22NW GP, Inc. ("22NW Inc.") and Aron R. English (collectively, the "Reporting Persons"). Each of the Reporting Persons may be deemed to be a member of a Section 13(d) group that collectively beneficially owns more than 10% of the Issuer's outstanding Common Shares. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein.
F2 Securities owned directly by 22NW Fund. As the investment manager to 22NW Fund, 22NW may be deemed to beneficially own the securities owned directly by 22NW Fund. As the general partner of 22NW Fund, 22NW GP may be deemed to beneficially own the securities owned directly by 22NW Fund. As the general partner of 22NW, 22NW Inc. may be deemed to beneficially own the securities owned directly by 22NW Fund. Mr. English, as the Portfolio Manager of 22NW, Manager of 22NW GP and President and sole shareholder of 22NW Inc., may be deemed to beneficially own the securities owned directly by 22NW Fund.
F3 The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $3.5500 to $3.6000. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commision, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
F4 The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $4.0400 to $4.2250. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commision, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
F5 The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $4.1450 to $4.5000. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commision, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
F6 The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $4.4000 to $4.5222. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commision, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.