Fareeha Khan - 25 Aug 2023 Form 3 Insider Report for DIRTT ENVIRONMENTAL SOLUTIONS LTD (DRTTF)

Role: Chief Financial Officer
Signature: /s/ Benjamin Urban, as attorney-in-fact for Fareeha Khan
Issuer symbol: DRTTF
Transactions as of: 25 Aug 2023
Transactions value $: $0
Form type: 3
Filing time: 29 Aug 2023, 16:43:26 UTC
Next filing: 05 Jan 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	DRTTF	Common Shares						28,251	25 Aug 2023	Direct

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
holding	DRTTF	Stock Option (right to buy)							25 Aug 2023	Common Shares	2,900	$4.50	Direct	F1, F2
holding	DRTTF	Restricted Share Units							25 Aug 2023	Common Shares	1,446		Direct	F3
holding	DRTTF	Restricted Share Units							25 Aug 2023	Common Shares	3,596		Direct	F4
holding	DRTTF	Restricted Share Units							25 Aug 2023	Common Shares	75,000		Direct	F5

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

Explanation of Responses:

Id	Content
F1	The exercise price of the option of CAD$6.12 is converted to USD based on the Bank of Canada exchange rate on August 28, 2023 of C$1.3596 = US$1.00.
F2	On September 18, 2019, the reporting person was granted a stock option representing a right to purchase a total of 2,900 common shares of the Issuer (Common Shares), vesting in three equal annual installments beginning on first anniversary of the grant date.
F3	On March 1, 2021, the reporting person was granted 4,337 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.
F4	On March 1, 2022, the reporting person was granted 33,708 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.
F5	On June 7, 2023, the reporting person was granted 75,000 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.

Remarks:

See attached for Exhibit 24 - Power of Attorney