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

Director Scott Ryan reports acquisition of deferred share units and disposal of derivative securities in DIRTT Environmental Solutions.

Summary

• On December 31, 2024, Scott Ryan, a director of DIRTT Environmental Solutions Ltd., reported changes in beneficial ownership.
• Ryan acquired 43,878 Deferred Share Units (DSUs) under the company's Amended and Restated Long Term Incentive Plan.
• Each DSU is equivalent to one common share of DIRTT Environmental Solutions Ltd.
• The DSUs will settle following the cessation of service and employment 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$0.96, which was the closing price Issuer's Common Shares as reported on the Toronto Stock Exchange on December 30, 2024.
• The price was converted using the Bank of Canada exchange rate for December 30, 2024 of C$1.4379 = US$1.00
• Following the transaction, Ryan directly owns 857,060 derivative securities.
• The reporting was filed on January 3, 2025.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a routine disclosure of insider transactions. The acquisition of DSUs can be seen as a positive sign, but it's not a major event.

Positives

• The acquisition of DSUs by a director signals confidence in the company's future performance.

Future Outlook

The DSUs will settle following the cessation of service and employment with the Issuer. For directors who are subject to taxation in the United States ('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 standard practice and provide transparency into the transactions of company insiders, which can be informative for investors.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment due to the director's increased stake in the company.

Key Dates