Benjamin Urban - Mar 31, 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: Mar 31, 2024
Transactions value $: -$37,580
Form type: 4
Date filed: 4/2/2024, 04:26 PM
Previous filing: Feb 12, 2024
Next filing: May 15, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DRTTF	Common Shares	Options Exercise		+150K	+13.31%		1.28M	Mar 31, 2024	Direct	F1
transaction	DRTTF	Common Shares	Tax liability	-$37.6K	-72.3K	-5.66%	$0.52	1.2M	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.

Content

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.

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.