Fareeha Khan - Aug 26, 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: Aug 26, 2024
Transactions value $: -$38,943
Form type: 4
Date filed: 8/29/2024, 10:40 AM
Previous 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	$0	+150K	+149.39%	$0.00	250K	Aug 26, 2024	Direct
transaction	DRTTF	Common Shares	Tax liability	-$38.9K	-76.4K	-30.49%	$0.51	174K	Aug 26, 2024	Direct	F1

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	Aug 26, 2024	Common Shares	150K		Direct	F2

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

Explanation of Responses:

Id	Content
F1	The price used to calculate the August 25 RSU vesting was C$0.69, which was the closing price Issuer's Common Shares as reported on the Toronto Stock Exchange on August 23, 2024. The price was converted using the Bank of Canada exchange rate for August 26, 2024 of C$1.3481 = US$1.00.
F2	On August 25, 2024, the reporting person was granted 150,000 RSUs, vesting 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. The RSUs vested on August 25, 2024 and were converted into Common Stock on a one-to-one basis at the Issuer's discretion.

Content

The price used to calculate the August 25 RSU vesting was C$0.69, which was the closing price Issuer's Common Shares as reported on the Toronto Stock Exchange on August 23, 2024. The price was converted using the Bank of Canada exchange rate for August 26, 2024 of C$1.3481 = US$1.00.

On August 25, 2024, the reporting person was granted 150,000 RSUs, vesting 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. The RSUs vested on August 25, 2024 and were converted into Common Stock on a one-to-one basis at the Issuer's discretion.