Fareeha Khan - 03 Mar 2025 Form 4 Insider Report for DIRTT ENVIRONMENTAL SOLUTIONS LTD (DRTTF)

Role: Chief Financial Officer
Signature: /s/ Fareeha Khan
Issuer symbol: DRTTF
Transactions as of: 03 Mar 2025
Net transactions value: -$674
Form type: 4
Filing time: 05 Mar 2025, 18:31:15 UTC
Previous filing: 29 Aug 2024
Next filing: 10 Jun 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DRTTF	Common Shares	Options Exercise		+1,798	+1%		175,848	03 Mar 2025	Direct	F1
transaction	DRTTF	Common Shares	Tax liability	$674	-950	-0.54%	$0.7100	174,898	03 Mar 2025	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	-1,798	-100%	$0.000000	0	03 Mar 2025	Common Shares	1,798		Direct	F1

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

Explanation of Responses:

Id	Content
F1	On March 1, 2022, the reporting person was granted 5,394 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 March 3, 2025 and were converted into Common Stock on a one-to-one basis at the Issuer's discretion.
F2	The price used to calculate the March 1, 2025 RSU vesting was C$1.02, which was the closing price Issuer's Common Shares as reported on the Toronto Stock Exchange on February 28, 2025. The price was converted using the Bank of Canada exchange rate for March 3, 2025 of C$1.4428 = US$1.00.

Content

On March 1, 2022, the reporting person was granted 5,394 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 March 3, 2025 and were converted into Common Stock on a one-to-one basis at the Issuer's discretion.

The price used to calculate the March 1, 2025 RSU vesting was C$1.02, which was the closing price Issuer's Common Shares as reported on the Toronto Stock Exchange on February 28, 2025. The price was converted using the Bank of Canada exchange rate for March 3, 2025 of C$1.4428 = US$1.00.