Form 4: DIRTT Environmental Solutions Director Noll Reports Acquisition of Deferred Share Units

Director Shaun Noll reports acquiring deferred share units (DSUs) equivalent to 51,588 common shares of DIRTT Environmental Solutions Ltd.

Summary

• On March 31, 2025, Shaun Noll, a director of DIRTT Environmental Solutions Ltd., reported the acquisition of 51,588 Deferred Share Units (DSUs).
• These DSUs are equivalent to common shares of DIRTT Environmental Solutions Ltd.
• The price used to calculate the number of DSUs granted was C$1.04, converted to US$0.7269 using the Bank of Canada exchange rate on March 28, 2025.
• Following the transaction, Noll directly owns 749,029 common shares.
• The DSUs will settle following the cessation of service and employment with the Issuer (the 'Termination Date').
• For US Directors, the DSUs will settle no later than forty days following the Termination Date.
• Each DSU will be settled in one Common Share or in the cash equivalent of such Common Shares, calculated based on the closing price of the Common Shares on the day prior to the 30th day following separation from service for US Directors.

Sentiment

Score: 5

Explanation: Neutral. This is a standard Form 4 filing indicating a transaction by a company insider. It doesn't inherently convey positive or negative sentiment.

Positives

• The acquisition of DSUs by a director could be interpreted as a sign of confidence in the company's future prospects.

Future Outlook

The DSUs will settle following the cessation of service and employment with the Issuer (the 'Termination Date'). For US Directors, the DSUs will settle no later than forty days following the Termination Date. Each DSU will be settled in one Common Share or in the cash equivalent of such Common Shares, calculated based on the closing price of the Common Shares on the day prior to the 30th day following separation from service for US Directors.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency regarding the transactions of company insiders. This filing indicates a director's acquisition of DSUs, which is a form of equity compensation.

Stakeholder Impact

• The acquisition of DSUs by a director could be perceived positively by shareholders as it aligns the director's interests with those of the shareholders.

Key Dates

Keywords

DIRTT Environmental Solutions, Shaun Noll, Deferred Share Units, DSU, Director, Beneficial Ownership, Form 4, Securities, Common Shares