Shalima Pannikode - Jun 30, 2024 Form 4 Insider Report for DIRTT ENVIRONMENTAL SOLUTIONS LTD (DRTTF)

Role: Director
Signature: /s/ Fareeha Khan, as attorney-in-fact for Shalima Pannikode
Stock symbol: DRTTF
Transactions as of: Jun 30, 2024
Transactions value $: $26,111
Form type: 4
Date filed: 7/2/2024, 03:11 PM
Previous filing: Apr 1, 2024
Next filing: Oct 2, 2024

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	Deferred Share Unit	Award	$26.1K	+62.2K	+395.78%	$0.42	77.9K	Jun 30, 2024	Common Shares	62.2K		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each deferred share unit ("DSU") was granted pursuant to the DIRTT Environmental Solutions Ltd. Amended and Restated Long Term Incentive Plan and is the economic equivalent of one common share (a "Common Share") of DIRTT Environmental Solutions Ltd. (the "Issuer"). All DSUs settle following the cessation of service and employment with the Issuer (the "Termination Date"). For directors who are subject to taxation in the United States ("US Directors"), the DSUs will settle no later than forty days following the Termination Date. Each DSU will be settled in one Common Share or in the cash equivalent of such Common Shares, calculated based on the closing price of the Common Shares on the day prior to the 30th day following separation from service for US Directors
F2	The price used to calculate the number of DSUs granted was C$0.57, which was the closing price Issuer's Common Shares as reported on the Toronto Stock Exchange on June 28, 2024. The price was converted using the Bank of Canada exchange rate for June 28, 2024 of C$1.3687 = US$1.00

Content

Each deferred share unit ("DSU") was granted pursuant to the DIRTT Environmental Solutions Ltd. Amended and Restated Long Term Incentive Plan and is the economic equivalent of one common share (a "Common Share") of DIRTT Environmental Solutions Ltd. (the "Issuer"). All DSUs settle following the cessation of service and employment with the Issuer (the "Termination Date"). For directors who are subject to taxation in the United States ("US Directors"), the DSUs will settle no later than forty days following the Termination Date. Each DSU will be settled in one Common Share or in the cash equivalent of such Common Shares, calculated based on the closing price of the Common Shares on the day prior to the 30th day following separation from service for US Directors

The price used to calculate the number of DSUs granted was C$0.57, which was the closing price Issuer's Common Shares as reported on the Toronto Stock Exchange on June 28, 2024. The price was converted using the Bank of Canada exchange rate for June 28, 2024 of C$1.3687 = US$1.00