Fareeha Khan - Mar 1, 2024 Form 4 Insider Report for DIRTT ENVIRONMENTAL SOLUTIONS LTD (DRTTF)

Signature
/s/ Fareeha Khan
Stock symbol
DRTTF
Transactions as of
Mar 1, 2024
Transactions value $
-$884
Form type
4
Date filed
4/2/2024, 04:21 PM
Previous filing
Jan 19, 2024
Next filing
Jun 24, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DRTTF Common Shares Options Exercise +1.45K +2.12% 69.7K Mar 1, 2024 Direct F1
transaction DRTTF Common Shares Tax liability -$394 -805 -1.15% $0.49 68.9K Mar 1, 2024 Direct F2
transaction DRTTF Common Shares Options Exercise -1.8K -2.48% 70.7K Mar 1, 2024 Direct F3
transaction DRTTF Common Shares Tax liability -$490 -1K -1.41% $0.49 69.7K Mar 1, 2024 Direct 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 DRTTF Restricted Share Units Options Exercise $0 -1.45K -100% $0.00* 0 Mar 1, 2024 Common Shares 1.45K Direct F1
transaction DRTTF Restricted Share Units Options Exercise $0 -1.8K -50% $0.00 1.8K Mar 1, 2024 Common Shares 1.8K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 1, 2021, the reporting person was granted 4,337 RSUs, vesting in three equal annual installments beginning on the first anniversary of the grant date. Each RSU represents a conditional right to receive a cash payment equal to the fair market value of one Common Share of the Issuer or, at the Issuer's discretion, a number of Common Shares (or a combination of cash and Common Shares) equal to the fair market value of one Common Share. One-third of the RSUs vested on March 1, 2024 and were converted into Common Stock on a one-to-one basis at the Issuer's discretion.
F2 The price used to calculate March 1, RSU vesting was C$0.67, which was the closing price Issuer's Common Shares as reported on the Toronto Stock Exchange on February 29, 2024. The price was converted using the Bank of Canada exchange rate for February 29, 2024 of C$1.3570 = US$1.00.
F3 On March 1, 2022, the reporting person was granted 5,394 RSUs, vesting in three equal annual installments beginning on the first anniversary of the grant date. Each RSU represents a conditional right to receive a cash payment equal to the fair market value of one Common Share of the Issuer or, at the Issuer's discretion, a number of Common Shares (or a combination of cash and Common Shares) equal to the fair market value of one Common Share. One-third of the RSUs vested on March 1, 2024 and were converted into Common Stock on a one-to-one basis at the Issuer's discretion.