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

Director Scott Robinson reports acquisition and disposal of Deferred Share Units (DSUs) in DIRTT Environmental Solutions.

Summary

• On September 30, 2024, Director Scott Robinson reported changes in beneficial ownership of DIRTT Environmental Solutions Ltd.
• Robinson acquired 72,118 Deferred Share Units (DSUs) and disposed of 839,719 DSUs.
• The 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$0.70, which was the closing price Issuer's Common Shares as reported on the Toronto Stock Exchange on September 27, 2024.
• The price was converted using the Bank of Canada exchange rate for September 27, 2024 of C$1.3499 = US$1.00.

Sentiment

Score: 5

Explanation: This is a neutral report on changes in beneficial ownership, with no clear positive or negative implications.

Future Outlook

The DSUs will settle following the cessation of service and employment with the Issuer, either in Common Shares or the cash equivalent.

Industry Context

This filing is a routine disclosure related to changes in beneficial ownership by a company insider, which is a common practice for publicly traded companies.

Key Dates