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Sanders Kenneth D

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SEC CIK
0001895179

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CompanyLast reported asReport datePublished
DIRTT ENVIRONMENTAL SOLUTIONS LTDDRTTF · Entity 6673DirectorMarch 29, 2024April 01, 2024

Disclosed balances

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Latest available filing per company, not a reconstructed current portfolio. Matching sequences show the last reported balance with all source rows expandable; grouping alone does not establish account ownership. Do not add unresolved positions together. Filings may omit unchanged positions, and amendments may correct only part of an older disclosure. Jointly reported shares are not necessarily this owner's personal holdings.

DIRTT ENVIRONMENTAL SOLUTIONS LTD

Report date March 29, 2024 · Filed April 01, 2024

Security / awardOwnership accountDisclosed shares / unitsDisclosure context
Deferred Share UnitSEC Table II · derivative / convertible securityDirect652,493 Reported balance After 2024-03-29 transaction · row 1 Instrument identity requires review; Table II rows are not merged.
1 source row

Row 1 · 2024-03-29 · Grant · Acquired 74,801 · Balance 652,493

F1: Each deferred share unit ("DSU") was granted pursuant to the DIRTT Environmental Solutions Ltd. 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

F2: The price used to calculate the number of DSUs granted was C$0.67, which was the closing price Issuer's Common Shares as reported on the Toronto Stock Exchange on March 28, 2024. The price was converted using the Bank of Canada exchange rate for March 28, 2024 of C$1.3550 = US$1.00

Filing footnotes · ownership attribution and instrument terms

F1: Each deferred share unit ("DSU") was granted pursuant to the DIRTT Environmental Solutions Ltd. 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

F2: The price used to calculate the number of DSUs granted was C$0.67, which was the closing price Issuer's Common Shares as reported on the Toronto Stock Exchange on March 28, 2024. The price was converted using the Bank of Canada exchange rate for March 28, 2024 of C$1.3550 = US$1.00

Transaction history

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Transaction dateCompanyActivity / securityShares / unitsReported priceReported valueDetails
March 29, 2024 Filed Apr 1, 2024 16:01 UTC DIRTT ENVIRONMENTAL SOLUTIONS LTD DRTTF · Entity 6673 GrantDeferred Share Unit · Derivative 74,801 $0.49 $36,652.49
Disclosure

SEC source: 0000950170-24-039291 · ownership.xml · derivative · entry 1

Sanders Kenneth D · CIK 0001895179 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 652,493

Underlying: Common Shares · 74,801 shares

Expires not disclosed

F1 · derivative.exercise_price: Each deferred share unit ("DSU") was granted pursuant to the DIRTT Environmental Solutions Ltd. 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

F2 · price: The price used to calculate the number of DSUs granted was C$0.67, which was the closing price Issuer's Common Shares as reported on the Toronto Stock Exchange on March 28, 2024. The price was converted using the Bank of Canada exchange rate for March 28, 2024 of C$1.3550 = US$1.00

F1 · derivative.exercise_date: Each deferred share unit ("DSU") was granted pursuant to the DIRTT Environmental Solutions Ltd. 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

F1 · derivative.expiration_date: Each deferred share unit ("DSU") was granted pursuant to the DIRTT Environmental Solutions Ltd. 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

Read SEC document
December 29, 2023 Filed Jan 3, 2024 12:43 UTC DIRTT ENVIRONMENTAL SOLUTIONS LTD DRTTF · Entity 6673 GrantDeferred Share Unit · Derivative 103,045 $0.36 $37,096.20
Disclosure

SEC source: 0000950170-24-000650 · ownership.xml · derivative · entry 1

Sanders Kenneth D · CIK 0001895179 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 577,691

Underlying: Common Shares · 103,045 shares

Expires not disclosed

F1 · derivative.exercise_price: Each deferred share unit ("DSU") was granted pursuant to the DIRTT Environmental Solutions Ltd. 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

F2 · price: The price used to calculate the number of DSUs granted was C$0.48, which was the closing price Issuer's Common Shares as reported on the Toronto Stock Exchange on December 29, 2023. The price was converted using the Bank of Canada exchange rate for December 29, 2023 of C$1.3226 = US$1.00

F1 · derivative.exercise_date: Each deferred share unit ("DSU") was granted pursuant to the DIRTT Environmental Solutions Ltd. 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

F1 · derivative.expiration_date: Each deferred share unit ("DSU") was granted pursuant to the DIRTT Environmental Solutions Ltd. 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

Read SEC document
September 29, 2023 Filed Oct 3, 2023 17:00 UTC DIRTT ENVIRONMENTAL SOLUTIONS LTD DRTTF · Entity 6673 GrantDeferred Share Unit · Derivative 90,288 $0.41 $37,018.08
Disclosure

SEC source: 0000950170-23-051625 · ownership.xml · derivative · entry 1

Sanders Kenneth D · CIK 0001895179 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 474,646

Underlying: Common Shares · 90,288 shares

Expires not disclosed

F1 · derivative.exercise_price: Each deferred share unit ("DSU") was granted pursuant to the DIRTT Environmental Solutions Ltd. 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 on the stock exchange which has the greatest trading volume of Common Shares for the previous six months

F2 · price: The price used to calculate the number of DSUs granted was C$0.56, which was the closing price Issuer's Common Shares as reported on the Toronto Stock Exchange on September 29, 2023. The price was converted using the Bank of Canada exchange rate for September 29, 2023 of C$1.3520 = US$1.00

F1 · derivative.exercise_date: Each deferred share unit ("DSU") was granted pursuant to the DIRTT Environmental Solutions Ltd. 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 on the stock exchange which has the greatest trading volume of Common Shares for the previous six months

F1 · derivative.expiration_date: Each deferred share unit ("DSU") was granted pursuant to the DIRTT Environmental Solutions Ltd. 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 on the stock exchange which has the greatest trading volume of Common Shares for the previous six months

Read SEC document
June 30, 2023 Filed Jul 18, 2023 13:07 UTC DIRTT ENVIRONMENTAL SOLUTIONS LTD DRTT · Entity 6673 GrantDeferred Share Unit · Derivative 135,979 $36,986.22 $5,029,349,209.38
Disclosure

SEC source: 0000899243-23-017423 · doc4.xml · derivative · entry 1

Sanders Kenneth D · CIK 0001895179 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 384,358

Underlying: Common Shares · 135,979 shares

Expires not disclosed

F1 · derivative.exercise_price: Each deferred share unit ("DSU") was granted pursuant to the DIRTT Environmental Solutions Ltd. 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 on the stock exchange which has the greatest trading volume of Common Shares for the previous six months.

F2 · price: The price used to calculate the number of DSUs granted was $0.272, which was the closing price Issuer's Common Shares as reported on the NASDAQ Stock Exchange on June 29, 2023.

F1 · derivative.exercise_date: Each deferred share unit ("DSU") was granted pursuant to the DIRTT Environmental Solutions Ltd. 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 on the stock exchange which has the greatest trading volume of Common Shares for the previous six months.

F1 · derivative.expiration_date: Each deferred share unit ("DSU") was granted pursuant to the DIRTT Environmental Solutions Ltd. 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 on the stock exchange which has the greatest trading volume of Common Shares for the previous six months.

Read SEC document
June 09, 2023 Filed Jun 9, 2023 21:20 UTC DIRTT ENVIRONMENTAL SOLUTIONS LTD DRTT · Entity 6673 PurchaseCommon Shares 10,000 $0.33 $3,299.00
Disclosure

SEC source: 0000899243-23-015330 · doc4.xml · nonDerivative · entry 3

Sanders Kenneth D · CIK 0001895179 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 273,250

Read SEC document
June 08, 2023 Filed Jun 9, 2023 21:20 UTC DIRTT ENVIRONMENTAL SOLUTIONS LTD DRTT · Entity 6673 PurchaseCommon Shares 20,000 $0.34 $6,714.00
Disclosure

SEC source: 0000899243-23-015330 · doc4.xml · nonDerivative · entry 2

Sanders Kenneth D · CIK 0001895179 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 263,250

Read SEC document
June 07, 2023 Filed Jun 9, 2023 21:20 UTC DIRTT ENVIRONMENTAL SOLUTIONS LTD DRTT · Entity 6673 PurchaseCommon Shares 20,000 $0.34 $6,800.00
Disclosure

SEC source: 0000899243-23-015330 · doc4.xml · nonDerivative · entry 1

Sanders Kenneth D · CIK 0001895179 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 243,250

Read SEC document
March 31, 2023 Filed Apr 4, 2023 20:47 UTC DIRTT ENVIRONMENTAL SOLUTIONS LTD DRTT · Entity 6673 GrantDeferred Share Unit · Derivative 75,954 $36,571.85 $2,777,778,294.90
Disclosure

SEC source: 0000899243-23-010585 · doc4.xml · derivative · entry 1

Sanders Kenneth D · CIK 0001895179 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 248,379

Underlying: Common Shares · 75,954 shares

Expires not disclosed

F1 · derivative.exercise_price: Each deferred share unit is the economic equivalent of one share of the Issuer's Common Shares. Generally, thirty days following the date that the Reporting Person ceases to serve on the board of directors of the Issuer, the deferred share units will be settled in cash based on the volume weighted average price of the Common Shares for the five immediately preceding days on which the Common Shares were trading on the Toronto Stock Exchange; provided, however that if the Issuer's Common Shares are trading on more than one exchange at such time, such calculation shall be based on the trading price over such five day period on the stock exchange with the higher average trading volume over the twenty trading days immediately prior to such date (such price the "Market Value").

F2 · price: The price used to calculate the number of DSUs granted was $0.4815, which was the Market Value of the Issuer's Common Shares on the date of grant.

F1 · derivative.exercise_date: Each deferred share unit is the economic equivalent of one share of the Issuer's Common Shares. Generally, thirty days following the date that the Reporting Person ceases to serve on the board of directors of the Issuer, the deferred share units will be settled in cash based on the volume weighted average price of the Common Shares for the five immediately preceding days on which the Common Shares were trading on the Toronto Stock Exchange; provided, however that if the Issuer's Common Shares are trading on more than one exchange at such time, such calculation shall be based on the trading price over such five day period on the stock exchange with the higher average trading volume over the twenty trading days immediately prior to such date (such price the "Market Value").

F1 · derivative.expiration_date: Each deferred share unit is the economic equivalent of one share of the Issuer's Common Shares. Generally, thirty days following the date that the Reporting Person ceases to serve on the board of directors of the Issuer, the deferred share units will be settled in cash based on the volume weighted average price of the Common Shares for the five immediately preceding days on which the Common Shares were trading on the Toronto Stock Exchange; provided, however that if the Issuer's Common Shares are trading on more than one exchange at such time, such calculation shall be based on the trading price over such five day period on the stock exchange with the higher average trading volume over the twenty trading days immediately prior to such date (such price the "Market Value").

Read SEC document
December 31, 2022 Filed Jan 4, 2023 21:40 UTC DIRTT ENVIRONMENTAL SOLUTIONS LTD DRTT · Entity 6673 GrantDeferred Share Unit · Derivative 64,141 $37,394.20 $2,398,501,382.20
Disclosure

SEC source: 0000899243-23-000765 · doc4.xml · derivative · entry 1

Sanders Kenneth D · CIK 0001895179 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 172,425

Underlying: Common Shares · 64,141 shares

Expires not disclosed

F1 · derivative.exercise_price: Each deferred share unit is the economic equivalent of one share of the Issuer's Common Shares. Generally, thirty days following the date that the Reporting Person ceases to serve on the board of directors of the Issuer, the deferred share units will be settled in cash based on the volume weighted average price of the Common Shares for the five immediately preceding days on which the Common Shares were trading on the Toronto Stock Exchange; provided, however that if the Issuer's Common Shares are trading on more than one exchange at such time, such calculation shall be based on the trading price over such five day period on the stock exchange with the higher average trading volume over the twenty trading days immediately prior to such date (such price the "Market Value").

F2 · price: The price used to calculate the number of DSUs granted was $0.5830, which was the Market Value of the Issuer's Common Shares on the date of grant.

F1 · derivative.exercise_date: Each deferred share unit is the economic equivalent of one share of the Issuer's Common Shares. Generally, thirty days following the date that the Reporting Person ceases to serve on the board of directors of the Issuer, the deferred share units will be settled in cash based on the volume weighted average price of the Common Shares for the five immediately preceding days on which the Common Shares were trading on the Toronto Stock Exchange; provided, however that if the Issuer's Common Shares are trading on more than one exchange at such time, such calculation shall be based on the trading price over such five day period on the stock exchange with the higher average trading volume over the twenty trading days immediately prior to such date (such price the "Market Value").

F1 · derivative.expiration_date: Each deferred share unit is the economic equivalent of one share of the Issuer's Common Shares. Generally, thirty days following the date that the Reporting Person ceases to serve on the board of directors of the Issuer, the deferred share units will be settled in cash based on the volume weighted average price of the Common Shares for the five immediately preceding days on which the Common Shares were trading on the Toronto Stock Exchange; provided, however that if the Issuer's Common Shares are trading on more than one exchange at such time, such calculation shall be based on the trading price over such five day period on the stock exchange with the higher average trading volume over the twenty trading days immediately prior to such date (such price the "Market Value").

Read SEC document
December 13, 2022 Filed Dec 14, 2022 19:46 UTC DIRTT ENVIRONMENTAL SOLUTIONS LTD DRTT · Entity 6673 PurchaseCommon Shares 2,000 $0.33 $660.00
Disclosure

SEC source: 0000899243-22-038515 · doc4.xml · nonDerivative · entry 5

Sanders Kenneth D · CIK 0001895179 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 223,250

Read SEC document
December 12, 2022 Filed Dec 14, 2022 19:46 UTC DIRTT ENVIRONMENTAL SOLUTIONS LTD DRTT · Entity 6673 PurchaseCommon Shares 3,300 $0.33 $1,079.10
Disclosure

SEC source: 0000899243-22-038515 · doc4.xml · nonDerivative · entry 4

Sanders Kenneth D · CIK 0001895179 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 221,250

Read SEC document
December 09, 2022 Filed Dec 14, 2022 19:46 UTC DIRTT ENVIRONMENTAL SOLUTIONS LTD DRTT · Entity 6673 PurchaseCommon Shares 11,700 $0.28 $3,276.00
Disclosure

SEC source: 0000899243-22-038515 · doc4.xml · nonDerivative · entry 3

Sanders Kenneth D · CIK 0001895179 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 217,950

Read SEC document
December 08, 2022 Filed Dec 14, 2022 19:46 UTC DIRTT ENVIRONMENTAL SOLUTIONS LTD DRTT · Entity 6673 PurchaseCommon Shares 40,000 $0.29 $11,520.00
Disclosure

SEC source: 0000899243-22-038515 · doc4.xml · nonDerivative · entry 2

Sanders Kenneth D · CIK 0001895179 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 206,250

Read SEC document
December 07, 2022 Filed Dec 14, 2022 19:46 UTC DIRTT ENVIRONMENTAL SOLUTIONS LTD DRTT · Entity 6673 PurchaseCommon Shares 10,000 $0.28 $2,820.00
Disclosure

SEC source: 0000899243-22-038515 · doc4.xml · nonDerivative · entry 1

Sanders Kenneth D · CIK 0001895179 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 166,250

Read SEC document
November 30, 2022 Filed Dec 2, 2022 18:48 UTC DIRTT ENVIRONMENTAL SOLUTIONS LTD DRTT · Entity 6673 GrantCommon Shares 156,250 $0.32 $50,000.00
Disclosure

SEC source: 0000899243-22-037508 · doc4.xml · nonDerivative · entry 1

Sanders Kenneth D · CIK 0001895179 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 156,250

Read SEC document
September 30, 2022 Filed Oct 4, 2022 20:37 UTC DIRTT ENVIRONMENTAL SOLUTIONS LTD DRTT · Entity 6673 GrantDeferred Share Unit · Derivative 82,623 $36,986.00 $3,055,894,278.00
Disclosure

SEC source: 0000899243-22-032823 · doc4.xml · derivative · entry 1

Sanders Kenneth D · CIK 0001895179 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 108,284

Underlying: Common Shares · 82,623 shares

Expires not disclosed

F1 · derivative.exercise_price: Each deferred share unit is the economic equivalent of one share of the Issuer's Common Shares. Generally, thirty days following the date that the Reporting Person ceases to serve on the board of directors of the Issuer, the deferred share units will be settled in cash based on the volume weighted average price of the Common Shares for the five immediately preceding days on which the Common Shares were trading on the Toronto Stock Exchange; provided, however that if the Issuer's Common Shares are trading on more than one exchange at such time, such calculation shall be based on the trading price over such five day period on the stock exchange with the higher average trading volume over the twenty trading days immediately prior to such date (such price the "Market Value").

F2 · price: The price used to calculate the number of DSUs granted was $0.4477, which was the Market Value of the Issuer's Common Shares on the date of grant.

F1 · derivative.exercise_date: Each deferred share unit is the economic equivalent of one share of the Issuer's Common Shares. Generally, thirty days following the date that the Reporting Person ceases to serve on the board of directors of the Issuer, the deferred share units will be settled in cash based on the volume weighted average price of the Common Shares for the five immediately preceding days on which the Common Shares were trading on the Toronto Stock Exchange; provided, however that if the Issuer's Common Shares are trading on more than one exchange at such time, such calculation shall be based on the trading price over such five day period on the stock exchange with the higher average trading volume over the twenty trading days immediately prior to such date (such price the "Market Value").

F1 · derivative.expiration_date: Each deferred share unit is the economic equivalent of one share of the Issuer's Common Shares. Generally, thirty days following the date that the Reporting Person ceases to serve on the board of directors of the Issuer, the deferred share units will be settled in cash based on the volume weighted average price of the Common Shares for the five immediately preceding days on which the Common Shares were trading on the Toronto Stock Exchange; provided, however that if the Issuer's Common Shares are trading on more than one exchange at such time, such calculation shall be based on the trading price over such five day period on the stock exchange with the higher average trading volume over the twenty trading days immediately prior to such date (such price the "Market Value").

Read SEC document
June 30, 2022 Filed Jul 5, 2022 17:41 UTC DIRTT ENVIRONMENTAL SOLUTIONS LTD DRTT · Entity 6673 GrantDeferred Share Unit · Derivative 25,661 $26,713.10 $685,484,859.10
Disclosure

SEC source: 0000899243-22-025058 · doc4.xml · derivative · entry 1

Sanders Kenneth D · CIK 0001895179 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 25,661

Underlying: Common Shares · 25,661 shares

Expires not disclosed

F1 · derivative.exercise_price: Each deferred share unit is the economic equivalent of one share of the Issuer's Common Shares. Generally, thirty days following the date that the Reporting Person ceases to serve on the board of directors of the Issuer, the deferred share units will be settled in cash based on the volume weighted average price of the Common Shares for the five immediately preceding days on which the Common Shares were trading on the Toronto Stock Exchange; provided, however that if the Issuer's Common Shares are trading on more than one exchange at such time, such calculation shall be based on the trading price over such five day period on the stock exchange with the higher average trading volume over the twenty trading days immediately prior to such date (such price the "Market Value").

F2 · price: The price used to calculate the number of DSUs granted was $1.0410, which was the Market Value of the Issuer's Common Shares on the date of grant.

F1 · derivative.exercise_date: Each deferred share unit is the economic equivalent of one share of the Issuer's Common Shares. Generally, thirty days following the date that the Reporting Person ceases to serve on the board of directors of the Issuer, the deferred share units will be settled in cash based on the volume weighted average price of the Common Shares for the five immediately preceding days on which the Common Shares were trading on the Toronto Stock Exchange; provided, however that if the Issuer's Common Shares are trading on more than one exchange at such time, such calculation shall be based on the trading price over such five day period on the stock exchange with the higher average trading volume over the twenty trading days immediately prior to such date (such price the "Market Value").

F1 · derivative.expiration_date: Each deferred share unit is the economic equivalent of one share of the Issuer's Common Shares. Generally, thirty days following the date that the Reporting Person ceases to serve on the board of directors of the Issuer, the deferred share units will be settled in cash based on the volume weighted average price of the Common Shares for the five immediately preceding days on which the Common Shares were trading on the Toronto Stock Exchange; provided, however that if the Issuer's Common Shares are trading on more than one exchange at such time, such calculation shall be based on the trading price over such five day period on the stock exchange with the higher average trading volume over the twenty trading days immediately prior to such date (such price the "Market Value").

Read SEC document

Value uses the disclosed total when available, otherwise shares × reported transaction price. It is not an estimate of exercise cash cost or investment performance.