Form 4: DIRTT Environmental Solutions Director Scott Robinson Reports Beneficial Ownership Changes

Director Scott Robinson reports acquisition of deferred share units and updates to beneficial ownership in DIRTT Environmental Solutions.

Summary

• On March 31, 2025, Director Scott Robinson acquired 30,953 deferred share units (DSUs) of DIRTT Environmental Solutions Ltd.
• These DSUs are the economic equivalent of common shares and will settle following the cessation of service with the Issuer.
• 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
• The price used to calculate the number of DSUs granted was C$1.04, which was the closing price Issuer's Common Shares as reported on the Toronto Stock Exchange on March 28, 2025.
• The price was converted using the Bank of Canada exchange rate for March 28, 2025of C$1.4307 = US$1.00
• Following the transaction, Robinson beneficially owns 926,686 common shares.
• The reporting person has direct ownership of the securities.

Sentiment

Score: 6

Explanation: Neutral sentiment as the document is a standard regulatory filing detailing changes in beneficial ownership. The acquisition of DSUs by a director can be seen as a mildly positive signal.

Positives

• Director's acquisition of DSUs signals confidence in the company's future performance.

Future Outlook

DSUs will settle following the cessation of service and employment with the Issuer, either in common shares or cash equivalent.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• Provides transparency to shareholders regarding director's holdings in the company.

Key Dates

Keywords

DIRTT Environmental Solutions, Scott Robinson, deferred share units, DSU, beneficial ownership, Form 4, director, common shares