Bryson Hirai-Hadley - Jan 9, 2024 Form 4 Insider Report for DIRTT ENVIRONMENTAL SOLUTIONS LTD (DRTT)

Role
Other*
Signature
Bryson O. Hirai-Hadley
Stock symbol
DRTT
Transactions as of
Jan 9, 2024
Transactions value $
$358
Form type
4
Date filed
1/23/2024, 10:54 AM
Previous filing
Oct 23, 2023
Next filing
Jul 10, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DRTT Common Shares Exercise of in-the-money or at-the-money derivative security $358 +1.02K +81.76% $0.35 2.27K Jan 9, 2024 Direct F1, F2, F3

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 DRTT Subscription Rights (right to buy) Exercise of in-the-money or at-the-money derivative security $0 +1.25K $0.00* 0 Jan 9, 2024 Common Shares 1.02K $0.35 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person may be deemed to be a member of a Section 13(d) group that collectively beneficially owns more than 10% of the Issuer's outstanding Common Shares. The Reporting Person disclaims beneficial ownership of the securities of the Issuer owned directly by other members of the Section 13(d) group and this report shall not be deemed an admission that he is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
F2 On January 9, 2024, the Issuer announced the results of its CA$30.0 million rights offering (the "Rights Offering"). Each subscription right was exercisable for 0.81790023 Common Shares, rounded down to the nearest whole number, together with oversubscription rights. The Reporting Person exercised his basic subscriptions rights under the Rights Offering in full at a subscription price of CA$0.35 per Common Share.
F3 Represents Canadian dollars (C$).