Fareeha Khan - Jun 7, 2024 Form 4 Insider Report for DIRTT ENVIRONMENTAL SOLUTIONS LTD (DRTTF)

Role: Chief Financial Officer
Signature: /s/ Fareeha Khan
Stock symbol: DRTTF
Transactions as of: Jun 7, 2024
Transactions value $: -$5,776
Form type: 4
Date filed: 6/24/2024, 10:56 AM
Previous filing: Apr 2, 2024
Next filing: Aug 16, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DRTTF	Common Shares	Options Exercise		+25K	+35.87%		94.7K	Jun 7, 2024	Direct	F1
transaction	DRTTF	Common Shares	Tax liability	-$5.78K	-12.3K	-12.98%	$0.47	82.4K	Jun 7, 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	-25K	-33.33%	$0.00	50K	Jun 7, 2024	Common Shares	25K		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 75,000 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 June 7, 2024 and were converted into Common Stock on a one-to-one basis at the Issuer's discretion.
F2	The price used to calculate the June 7 RSU vesting was C$0.65, which was the closing price Issuer's Common Shares as reported on the Toronto Stock Exchange on June 6, 2024. The price was converted using the Bank of Canada exchange rate for June 6, 2024 of C$1.3686 = US$1.00.

Content

On June 7, 2023, the reporting person was granted 75,000 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 June 7, 2024 and were converted into Common Stock on a one-to-one basis at the Issuer's discretion.

The price used to calculate the June 7 RSU vesting was C$0.65, which was the closing price Issuer's Common Shares as reported on the Toronto Stock Exchange on June 6, 2024. The price was converted using the Bank of Canada exchange rate for June 6, 2024 of C$1.3686 = US$1.00.