R. Aron English - Jan 9, 2024 Form 4/A Insider Report for DIRTT ENVIRONMENTAL SOLUTIONS LTD (DRTT)

Role
Director, 10%+ Owner
Signature
/s/ Aron R. English
Stock symbol
DRTT
Transactions as of
Jan 9, 2024
Transactions value $
$559,242
Form type
4/A
Date filed
3/26/2024, 07:46 PM
Date Of Original Report
Jan 23, 2024
Previous filing
Jan 3, 2024
Next filing
Apr 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DRTT Common Shares Exercise of in-the-money or at-the-money derivative security $559K +1.6M +89.9% $0.35 3.38M Jan 9, 2024 Direct F1, F2, F3

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 Subscription Rights (right to buy) Exercise of in-the-money or at-the-money derivative security $0 +1.78M $0.00* 0 Jan 9, 2024 Common Shares 1.6M $0.35 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This Form 4/A is being filed by Aron English (the "Reporting Person") to amend the prior Form 4 filed by Mr. English and certain other reporting persons with the Securities and Exchange Commission on January 23, 2024. The prior Form 4 is hereby amended to correct the amount of Common Shares the Reporting Person received in the CA$30.0 million rights offering announced by the Issuer on January 9, 2024 (the "Rights Offering") to include an additional 22,776 Common Shares received pursuant to the Reporting Person's exercise of his oversubscription rights in connection with the closing of the Rights Offering. The Reporting Person did not receive confirmation of the final amount of Common Shares allocated pursuant to his oversubscription rights until after the filing of the prior Form 4. Accordingly, the total amount of Common Shares directly owned by the Reporting Person is 7,492,943.
F2 On January 9, 2024, the Issuer announced the results of the Rights Offering. Each subscription right was exercisable for 0.81790023 Common Shares, rounded down to the nearest whole number, together with oversubscription rights. The Reporting Person participated in the Rights Offering in full, as well as exercising his oversubscription rights, at a subscription price of CA$0.35 per Common Share. The number of Common Shares reported above includes the allocation pursuant to the Reporting Person's exercise of his oversubscription rights.
F3 Represents Canadian dollars (C$).