Benjamin Urban - Jan 5, 2024 Form 4 Insider Report for DIRTT ENVIRONMENTAL SOLUTIONS LTD (DRTTF)

Role
Chief Executive Officer, Director
Signature
/s/ Fareeha Khan, as attorney-in-fact for Benjamin Urban
Stock symbol
DRTTF
Transactions as of
Jan 5, 2024
Transactions value $
$135,260
Form type
4
Date filed
1/8/2024, 08:48 PM
Previous filing
Jun 9, 2023
Next filing
Feb 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DRTTF Common Shares Exercise of in-the-money or at-the-money derivative security $135K +501K +81.79% $0.27 1.11M Jan 5, 2024 Direct F1, F2

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 DRTTF Subscription Rights (right to buy) Exercise of in-the-money or at-the-money derivative security $0 -613K -100% $0.00* 0 Jan 5, 2024 Common Shares 501K $0.27 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the number of common shares of the issuer that the reporting person purchased in the issuer's rights offering pursuant to the exercise of his basic subscription rights. The closing of the rights offering and the issuance of the common shares of the issuer is expected to be on or about January 9, 2024.
F2 The effective purchase price of the common shares of the issuer underlying the subscription rights issued in connection with the issuer's rights offering is C$0.35 per one common share. The reported price was calculated using the exchange rate of US$1.00 equals C$1.3202 as of December 29, 2023, as announced by the Federal Reserve Bank on January 2, 2024.
F3 3. Each subscription right is exercisable for 0.81790023 common shares of the issuer. The number of common shares of the issuer reported in Column 7 is rounded down to the nearest whole number. The subscription rights are only exercisable for whole common shares of the issuer.