Richard Hunter - Mar 31, 2024 Form 4 Insider Report for DIRTT ENVIRONMENTAL SOLUTIONS LTD (DRTTF)

Role
Chief Operating Officer
Signature
/s/ Fareeha Khan, as attorney-in-fact for Richard Hunter
Stock symbol
DRTTF
Transactions as of
Mar 31, 2024
Transactions value $
-$37,580
Form type
4
Date filed
4/2/2024, 04:23 PM
Previous filing
Jan 5, 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 +150K +16.47% 1.06M Mar 31, 2024 Direct F1
transaction DRTTF Common Shares Tax liability -$37.6K -72.3K -6.81% $0.52 988K Mar 31, 2024 Direct 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 Restricted Share Units Options Exercise $0 -150K -100% $0.00* 0 Mar 31, 2024 Common Shares 150K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On June 7, 2023, the reporting person was granted 150,000 RSUs, vesting March 31, 2024. 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. The RSUs vested on March 31, 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 31, 2024 RSU vesting was C$0.70, which was the closing price Issuer's Common Shares as reported on the Toronto Stock Exchange on March 27, 2024. The price was converted using the Bank of Canada exchange rate for March 27, 2024 of C$1.3587 = US$1.00