Nandini Somayaji - 15 May 2023 Form 4 Insider Report for DIRTT ENVIRONMENTAL SOLUTIONS LTD (DRTTF)

Role
SVP, General Counsel and Secretary
Signature
/s/ Nandini Somayaji
Issuer symbol
DRTTF
Transactions as of
15 May 2023
Net transactions value
-$10,118
Form type
4
Filing time
17 May 2023, 21:00:27 UTC
Previous filing
03 Mar 2023
Next filing
22 May 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DRTTF Common Shares Award +32,002 +54% 90,751 15 May 2023 Direct F1
transaction DRTTF Common Shares Sale $5,920 -16,001 -18% $0.3700 74,750 15 May 2023 Direct F1
transaction DRTTF Common Shares Sale $4,198 -12,288 -16% $0.3416 62,462 17 May 2023 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On May 15, 2023, the reporting person was granted 52,352 share awards ("Share Awards"), and 16,001 shares were sold to pay income taxes. The shares were sold at C$0.50, and the price was converted using the Bank of Canada exchange rate for May 15, 2023 of C$1.3487 = US$1.00. Each Share Award represents an unrestricted Common Share of the Issuer.
F2 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from C$0.455 - C$0.4721, inclusive. The price was converted using the Bank of Canada exchange rate for May 16, 2023 of C$1.3456 = US$1.00. The reporting person undertakes to provide to DIRTT Environmental Solutions Ltd., any security holder of DIRTT Environmental Solutions Ltd., or the staff of the Securities and Exchange Commission, upon request, full information regarding the shares sold.

Remarks:

SVP, General Counsel and Secretary