How many DIRTT Deferred Share Units does the director hold after this grant?

Following the March 31, 2026 grant, the director holds 316,756 Deferred Share Units. Each DSU represents the economic value of one DIRTT common share, providing equity-based compensation that aligns the director’s interests with shareholders over the long term until service with the company ends.

What is a Deferred Share Unit (DSU) at DIRTT Environmental Solutions?

A Deferred Share Unit at DIRTT is an equity-based award that is economically equivalent to one common share. DSUs are granted under the Long Term Incentive Plan and settle in shares or cash only after the recipient’s service and employment with the company end, supporting long-term alignment.

What does the $0.55 price per Deferred Share Unit represent for DIRTT?

The $0.55 price per Deferred Share Unit represents the U.S. dollar value used for this equity grant. It reflects the converted value of DIRTT’s C$0.77 Toronto Stock Exchange closing price on March 30, 2026, using the Bank of Canada’s C$1.3926 to US$1.00 exchange rate.

DIRTT (DRTTF) awards 33,911 deferred share units under long-term plan

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Pannikode Shalima K. reported acquisition or exercise transactions in this Form 4 filing.

DIRTT Environmental Solutions Ltd. director Pannikode Shalima K. reported receiving a grant of 33,911 Deferred Share Units on March 31, 2026, each tied to one common share. These DSUs were awarded under the company’s Third Amended and Restated Long Term Incentive Plan at a reference price of $0.55 per unit.

After this grant, the director holds a total of 316,756 Deferred Share Units. Each DSU is economically equivalent to one common share and will be settled in shares or cash only after the director’s service with the company ends, aligning compensation with long-term shareholder outcomes.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Pannikode Shalima K.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Deferred Share Unit	33,911	$0.55	$19K

Holdings After Transaction: Deferred Share Unit — 316,756 shares (Direct)

Footnotes (1)

Each deferred share unit ("DSU") was granted pursuant to the DIRTT Environmental Solutions Ltd. Third Amended and Restated Long Term Incentive Plan and is the economic equivalent of one common share (a "Common Share") of DIRTT Environmental Solutions Ltd. (the "Issuer"). All DSUs settle following the cessation of service and employment with the Issuer (the "Termination Date"). 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. The price used to calculate the number of DSUs granted was C$0.77, which was the closing price Issuer's Common Shares as reported on the Toronto Stock Exchange on March 30, 2026. The price was converted using the Bank of Canada exchange rate for March 30, 2026 of C$1.3926 = US$1.00.

Key Figures

Deferred Share Units granted: 33,911 units Grant reference price: $0.55 per unit Total DSUs after grant: 316,756 units +3 more

6 metrics

Deferred Share Units granted 33,911 units Grant to director on March 31, 2026

Grant reference price $0.55 per unit Price per Deferred Share Unit in the Form 4

Total DSUs after grant 316,756 units Director’s Deferred Share Unit holdings following the transaction

TSX closing price C$0.77 per share DIRTT common shares on March 30, 2026

FX rate used C$1.3926 = US$1.00 Bank of Canada exchange rate on March 30, 2026

Underlying common shares 33,911 shares Common shares underlying the granted Deferred Share Units

Key Terms

Deferred Share Unit, Long Term Incentive Plan, Termination Date, Bank of Canada exchange rate, +1 more

5 terms

Long Term Incentive Plan financial

"was granted pursuant to the DIRTT Environmental Solutions Ltd. Third Amended and Restated Long Term Incentive Plan"

A long term incentive plan is a company program that awards executives and key employees bonuses—often in stock, options, or cash—only if the business meets multi-year performance goals. It links management pay to company results—like tying a coach’s bonus to a team’s multi-season record—so investors monitor it for how leaders are motivated, potential share dilution, and signals about the company’s long-term priorities.

Termination Date financial

"All DSUs settle following the cessation of service and employment with the Issuer (the "Termination Date")."

Termination date is the specific calendar day when a contract, agreement, option or other legal arrangement stops being in effect and any remaining rights or obligations expire. For investors it matters because that date sets deadlines for exercising rights, receiving payments, closing positions or avoiding penalties—similar to the day a lease or warranty ends, after which parties no longer have the same protections or claims.

Bank of Canada exchange rate financial

"The price was converted using the Bank of Canada exchange rate for March 30, 2026 of C$1.3926 = US$1.00."

Form 4 Insider Transactions: What Each Field Means →

04/02/2026 - 12:51 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Pannikode Shalima K.

(Last)

(First)

(Middle)

7303 30 STREET SE

(Street)

CALGARY

ALBERTA, CANADA

T2C1N6

(City)

(State)

(Zip)

ALBERTA, CANADA

(Country)

2. Issuer Name and Ticker or Trading Symbol
DIRTT ENVIRONMENTAL SOLUTIONS LTD [ DRTTF ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Deferred Share Unit	⁽¹⁾	03/31/2026		A		33,911		⁽¹⁾	⁽¹⁾	Common Shares	33,911	$0.55⁽²⁾	316,756	D

Explanation of Responses:

1. Each deferred share unit ("DSU") was granted pursuant to the DIRTT Environmental Solutions Ltd. Third Amended and Restated Long Term Incentive Plan and is the economic equivalent of one common share (a "Common Share") of DIRTT Environmental Solutions Ltd. (the "Issuer"). All DSUs settle following the cessation of service and employment with the Issuer (the "Termination Date"). 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.

2. The price used to calculate the number of DSUs granted was C$0.77, which was the closing price Issuer's Common Shares as reported on the Toronto Stock Exchange on March 30, 2026. The price was converted using the Bank of Canada exchange rate for March 30, 2026 of C$1.3926 = US$1.00.

	/s/ Fareeha Khan, as attorney-in-fact for Shalima Pannikode	04/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did DIRTT Environmental Solutions (DRTTF) report?

DIRTT Environmental Solutions reported that director Pannikode Shalima K. received a grant of 33,911 Deferred Share Units on March 31, 2026. These units are part of long-term equity compensation and are economically equivalent to common shares, settling only after service with the company ends.

When will the granted DIRTT DSUs be settled for the director?

The granted DIRTT DSUs settle only after the director’s service and employment end, on the Termination Date. For U.S. directors, settlement occurs no later than forty days afterward, in either common shares or cash based on the share price at a specified post-separation date.

How was the number of 33,911 DIRTT DSUs calculated for this award?

The number of 33,911 DSUs was calculated using a price of C$0.77 per DIRTT common share, the Toronto Stock Exchange closing price on March 30, 2026. That Canadian dollar price was converted using a Bank of Canada exchange rate of C$1.3926 for each US$1.00.