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

Director Scott Ryan reports acquisition of deferred share units in DIRTT Environmental Solutions, increasing his beneficial ownership.

Summary

• On March 31, 2025, Director Scott Ryan acquired 29,835 deferred share units (DSUs) of DIRTT Environmental Solutions Ltd.
• These DSUs are equivalent to common shares and were granted under the company's Amended and Restated Long Term Incentive Plan.
• 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, Ryan directly owns 886,895 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: The document is a routine regulatory filing, so the sentiment is neutral.

Positives

• The director's increased stake in the company could be interpreted as a sign of confidence in DIRTT'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 standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Comparison to Industry Standards

• Form 4 filings are a standard regulatory requirement for publicly traded companies in the United States, ensuring transparency regarding insider transactions.
• Companies like DIRTT Environmental Solutions are expected to adhere to these regulations, similar to other firms listed on exchanges like the Toronto Stock Exchange (TSX) and those cross-listed on U.S. markets.

Stakeholder Impact

• The increased ownership by a director may positively influence shareholder sentiment.

Key Dates

Keywords

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