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[Form 4] DIRTT ENVIRONMENTAL SOLUTIONS LTD Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Director Ryan Scott C was granted 34,308 deferred share units (DSUs) on 09/30/2025 under the DIRTT Environmental Solutions Ltd. Third Amended and Restated Long Term Incentive Plan. Each DSU is economically equivalent to one common share and will settle after the director's separation from service, either in common shares or cash. The DSUs were calculated using a Canadian closing price of C$0.80 on 09/26/2025, converted at the Bank of Canada rate of C$1.3941 = US$1.00, producing an effective US dollar price of approximately $0.57 per DSU. Following this grant, the reporting person directly beneficially owns 954,038 common shares.

Positive

  • 34,308 DSUs granted aligning director compensation with shareholder value
  • Grant uses disclosed C$0.80 price and C$1.3941 FX rate for transparent valuation
  • Reporting person retains substantial ownership at 954,038 common shares

Negative

  • None.

Insights

Grant reflects routine director compensation aligned with long‑term equity incentives.

The 34,308 DSUs are granted under the issuer's established long‑term incentive plan and vest as an economic entitlement payable at termination of service, which is a common mechanism to align director interests with shareholders without immediate dilution.

This grant is disclosed under Section 16 reporting rules and appears to be a routine, non‑exercisable deferred award rather than an option or convertible security, indicating limited immediate market impact.

DSU calculation uses specific market and FX inputs disclosed, clarifying value.

The DSU count was based on a Toronto Stock Exchange closing price of C$0.80 and the Bank of Canada exchange rate of C$1.3941 = US$1.00, yielding a US dollar equivalent price shown as $0.57. This transparent methodology allows investors to approximate the grant's dollar value.

The award settles in shares or cash after separation; because settlement timing depends on termination, the immediate dilution effect is delayed until the DSUs convert to shares.

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).
1. Name and Address of Reporting Person*
Ryan Scott C

(Last) (First) (Middle)
7303 30 STREET SE

(Street)
CALGARY A0 T2C1N6

(City) (State) (Zip)
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)
3. Date of Earliest Transaction (Month/Day/Year)
09/30/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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)
Code V Amount (A) or (D) Price
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Deferred Share Unit (1) 09/30/2025 A 34,308 (1) (1) Common Shares 34,308 $0.57(2) 954,038 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$0.80, which was the closing price Issuer's Common Shares as reported on the Toronto Stock Exchange on September 26, 2025. The price was converted using the Bank of Canada exchange rate for September 26, 2025 of C$1.3941 = US$1.00.
/s/ Fareeha Khan, as attorney-in-fact Scott Ryan 10/02/2025
** 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.

FAQ

What did DIRTT (DRTTF) report on Form 4 filed for Ryan Scott C?

The Form 4 reports a grant of 34,308 deferred share units (DSUs) to director Ryan Scott C on 09/30/2025 under the company’s long‑term incentive plan.

How are the DSUs valued in the filing for DRTTF?

The DSUs were calculated using the Toronto closing price of C$0.80 on 09/26/2025 and converted using the Bank of Canada rate of C$1.3941 = US$1.00, yielding the $0.57 per‑unit US equivalent shown.

When will the DSUs reported for DRTTF settle?

Each DSU settles following the director’s cessation of service; for U.S. directors settlement occurs no later than 40 days after the termination date.

How many DIRTT shares does the reporting person own after the grant?

Following the reported transaction, the reporting person directly beneficially owns 954,038 common shares.

Are the DSUs exercisable like options according to the Form 4?

No; the DSUs are deferred units that are the economic equivalent of common shares and settle after separation rather than being options with exercise dates.
Dirtt Environmental Solutions

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