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DIRTT Environmental (OTC: DRTTF) CEO gets 1.6M shares on RSU vesting

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

Rhea-AI Filing Summary

DIRTT ENVIRONMENTAL SOLUTIONS LTD (DRTTF) reported equity compensation activity for Chief Executive Officer Benjamin Nicholas Urban. On August 14, 2026, 1,600,000 Common Shares were acquired upon the vesting and one-to-one conversion of previously granted Restricted Share Units, and 643,702 Common Shares were delivered or withheld for payment of exercise price or tax liability in connection with this vesting. The vesting value was based on a C$0.83 closing price for the Common Shares on the Toronto Stock Exchange, using a Bank of Canada exchange rate of C$1.3875 = US$1.00.

Positive

  • None.

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Insider Urban Benjamin Nicholas
Role Chief Executive Officer
Type Security Shares Price Value
Exercise Restricted Share Units F1 1,500,000 $0.00 $0.00
Exercise Restricted Share Units F3 100,000 $0.60 $60K
Exercise Common Shares F2 1,600,000 -- --
Exercise Price or Tax Liability Common Shares F2 643,702 $0.52 $335K
Holdings After Transaction: Restricted Share Units — 0 shares (Direct); Common Shares — 2,427,516 shares (Direct)
Footnotes (3)
  1. F1. On August 14, 2024, the reporting person was granted 1,500,000 RSUs vesting on August 14, 2026. Each RSU represents a conditional right to receive a cash payment equal to the fair market value of one Common Share of the Issuer or, at the Issuer's discretion, a number of Common Shares (or a combination of cash and Common Shares) equal to the fair market value of one Common Share. The RSUs vested on August 14, 2026 and were coverted into Common Stock on a one-to-one basis at the Issuer's discretion.
  2. F2. The price used to calculate the August 14 RSU vesting was C$0.83, which was the closing price Issuer's Common Shares as reported on the Toronto Stock Exchange on August 14, 2026. The price was converted using the Bank of Canada exchange rate for August 14, 2026 of C$1.3875= US$1.00.
  3. F3. On August 14, 2024, the reporting person was granted 100,000 RSUs vesting on August 14, 2026. Each RSU represents a conditional right to receive a cash payment equal to the fair market value of one Common Share of the Issuer or, at the Issuer's discretion, a number of Common Shares (or a combination of cash and Common Shares) equal to the fair market value of one Common Share. The RSUs vested on August 14, 2026 and were coverted into Common Stock on a one-to-one basis at the Issuer's discretion.
RSUs Granted (Main Award) 1,500,000 RSUs Granted August 14, 2024, vesting August 14, 2026 for CEO
RSUs Granted (Additional Award) 100,000 RSUs Granted August 14, 2024, vesting August 14, 2026 for CEO
Common Shares Acquired on Vesting 1,600,000 shares Common Shares received on August 14, 2026 from RSU vesting and conversion
Shares Withheld for Exercise Price or Taxes 643,702 shares Common Shares delivered or withheld on August 14, 2026 under code F
Withholding Transaction Price 0.5200 per share Price associated with 643,702-share code F transaction
RSU Valuation Share Price C$0.83 per share Closing price on Toronto Stock Exchange used for August 14, 2026 RSU vesting
FX Rate Used C$1.3875 = US$1.00 Bank of Canada exchange rate applied to RSU vesting valuation
Restricted Share Units financial
"the reporting person was granted 1,500,000 RSUs vesting on August 14, 2026"
Restricted share units (RSUs) are a promise from a company to give an employee or service provider actual shares or cash equal to the shares after certain conditions are met, typically staying with the company for a set time or hitting performance targets. Think of them like a time-locked gift card that becomes usable only after you’ve earned it. For investors, RSUs matter because they align employee incentives with company performance and can increase the number of shares outstanding over time, diluting existing ownership and affecting earnings per share.
Common Shares financial
"equal to the fair market value of one Common Share of the Issuer"
Common shares are the basic units of ownership in a company that give holders a claim on profits and a right to vote on key matters, like electing the board. Think of them as membership cards in a club: they let you share in successes and losses, but in a bankruptcy or liquidation they are paid after creditors and preferred shareholders, so their value can swing more and matters for assessing risk and potential return.
exercise price or tax liability financial
"Payment of exercise price or tax liability by delivering or withholding securities"
Toronto Stock Exchange market
"closing price Issuer's Common Shares as reported on the Toronto Stock Exchange"
The Toronto Stock Exchange is Canada’s largest organized marketplace where shares of publicly traded companies are bought and sold, similar to a large, regulated marketplace for company ownership. It matters to investors because it provides transparent prices, rules that help protect buyers and sellers, and access to many Canadian and international businesses, so movements there can signal economic trends and affect portfolio values.

FAQ

What insider transaction did DRTTF report for CEO Benjamin Urban on August 14, 2026?
DIRTT ENVIRONMENTAL SOLUTIONS LTD reported that CEO Benjamin Urban had 1,600,000 Common Shares acquired through vesting and conversion of Restricted Share Units, with 643,702 shares delivered or withheld to cover exercise price or tax liability on the same date.

How many Restricted Share Units vested for DRTTF’s CEO in the latest Form 4?
A total of 1,600,000 RSUs vested for DRTTF’s CEO, comprising 1,500,000 RSUs and an additional 100,000 RSUs, each converting into one Common Share at the issuer’s discretion upon vesting.

What share price was used to value DRTTF RSU vesting on August 14, 2026?
The RSU vesting for DRTTF on August 14, 2026 used a C$0.83 per-share closing price of the Common Shares on the Toronto Stock Exchange, with an exchange rate of C$1.3875 = US$1.00 from the Bank of Canada.

How many DRTTF shares were withheld or delivered for taxes or exercise price?
In connection with DRTTF’s RSU vesting, 643,702 Common Shares were delivered or withheld for payment of the exercise price or tax liability, at a recorded price of 0.5200 per share in the Form 4.

When were the DRTTF RSUs originally granted that vested on August 14, 2026?
The RSUs that vested on August 14, 2026 for DRTTF’s CEO were originally granted on August 14, 2024, consisting of 1,500,000 RSUs and a separate grant of 100,000 RSUs, each ultimately convertible into Common Shares at the issuer’s discretion.

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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Urban Benjamin Nicholas
(Last)(First)(Middle)
7303 30 STREET SE
(Street)
CALGARYT2C1N6
(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)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
Chief Executive Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/14/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Shares08/14/2026M1,600,000A(2)3,071,218D
Common Shares08/14/2026F643,702D$0.52(2)2,427,516D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Share Units(1)08/14/2026M1,500,000 (1) (1)Common Shares1,500,000$00D
Restricted Share Units(3)08/14/2026M100,000 (3) (3)Common Shares100,000$0.60D
Explanation of Responses:
1. On August 14, 2024, the reporting person was granted 1,500,000 RSUs vesting on August 14, 2026. Each RSU represents a conditional right to receive a cash payment equal to the fair market value of one Common Share of the Issuer or, at the Issuer's discretion, a number of Common Shares (or a combination of cash and Common Shares) equal to the fair market value of one Common Share. The RSUs vested on August 14, 2026 and were coverted into Common Stock on a one-to-one basis at the Issuer's discretion.
2. The price used to calculate the August 14 RSU vesting was C$0.83, which was the closing price Issuer's Common Shares as reported on the Toronto Stock Exchange on August 14, 2026. The price was converted using the Bank of Canada exchange rate for August 14, 2026 of C$1.3875= US$1.00.
3. On August 14, 2024, the reporting person was granted 100,000 RSUs vesting on August 14, 2026. Each RSU represents a conditional right to receive a cash payment equal to the fair market value of one Common Share of the Issuer or, at the Issuer's discretion, a number of Common Shares (or a combination of cash and Common Shares) equal to the fair market value of one Common Share. The RSUs vested on August 14, 2026 and were coverted into Common Stock on a one-to-one basis at the Issuer's discretion.
/s/ Fareeha Khan, as attorney-in-fact for Benjamin Urban08/18/2026
** Signature of Reporting PersonDate
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