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DIRTT Environmental (DRTTF) director awarded 16,358 deferred share units as equity pay

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

Rhea-AI Filing Summary

Jeremy Gold reported acquisition or exercise transactions in this Form 4 filing.

DIRTT Environmental Solutions Ltd. director Jeremy Gold received a grant of 16,358 Deferred Share Units (DSUs) on March 31, 2026 as compensation. Each DSU is the economic equivalent of one common share and will be settled in shares or cash after his service with the company ends.

The number of DSUs was calculated using a reference price of US$0.55 per unit, based on the issuer’s common share closing price of C$0.77 on the Toronto Stock Exchange on March 30, 2026 and a Bank of Canada exchange rate of C$1.3926 = US$1.00.

Positive

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Negative

  • None.
Insider Jeremy Gold
Role Director
Type Security Shares Price Value
Grant/Award Deferred Share Unit 16,358 $0.55 $9K
Holdings After Transaction: Deferred Share Unit — 16,358 shares (Direct)
Footnotes (1)
  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.
Deferred Share Units granted 16,358 units Grant to director Jeremy Gold on March 31, 2026
US reference price per DSU US$0.55 per unit Used to calculate number of DSUs granted
TSX closing price C$0.77 per share DIRTT common shares on March 30, 2026
FX rate C$1.3926 = US$1.00 Bank of Canada exchange rate on March 30, 2026
Underlying common shares 16,358 shares Each DSU economically equivalent to one common share
Deferred Share Unit financial
"Each deferred share unit ("DSU") was granted pursuant to the DIRTT Environmental Solutions Ltd. Third Amended and Restated Long Term Incentive Plan"
Third Amended and Restated Long Term Incentive Plan financial
"was granted pursuant to the DIRTT Environmental Solutions Ltd. Third Amended and Restated Long Term Incentive Plan"
economic equivalent of one common share financial
"Each deferred share unit ("DSU") ... is the economic equivalent of one common share"
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."
settle following the cessation of service financial
"All DSUs settle following the cessation of service and employment with the Issuer"
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*
Jeremy Gold
(Last)(First)(Middle)
7303 30 STREET SE
(Street)
CALGARYALBERTA, CANADAT2C1N6
(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
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)
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
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
Deferred Share Unit(1)03/31/2026A16,358 (1) (1)Common Shares16,358$0.55(2)16,358D
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 Jeremy Gold04/02/2026
** 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

FAQ

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

DIRTT Environmental Solutions reported that director Jeremy Gold received 16,358 Deferred Share Units as a grant. These DSUs are derivative awards linked to the company’s common shares and represent compensation rather than an open-market share purchase or sale.

How many Deferred Share Units did Jeremy Gold receive from DIRTT Environmental Solutions (DRTTF)?

Jeremy Gold received 16,358 Deferred Share Units from DIRTT Environmental Solutions. Each DSU is economically equivalent to one common share, giving him deferred equity-based compensation that will settle in shares or cash after his service with the company ends.

At what price were Jeremy Gold’s DIRTT Environmental Solutions (DRTTF) DSUs calculated?

The 16,358 DSUs granted to Jeremy Gold were calculated using a reference price of US$0.55 per unit. This was derived from the issuer’s C$0.77 Toronto Stock Exchange closing price on March 30, 2026 and a C$1.3926 = US$1.00 exchange rate.

When will Jeremy Gold’s DIRTT Environmental Solutions (DRTTF) Deferred Share Units settle?

Jeremy Gold’s Deferred Share Units will settle after his service and employment with DIRTT Environmental Solutions end. They will be settled in one common share per DSU or the cash equivalent, based on the plan’s specified pricing and timing rules.

How are DIRTT Environmental Solutions (DRTTF) DSUs for US directors settled for tax purposes?

For US directors, DIRTT Environmental Solutions states DSUs will settle no later than forty days after the termination date. Cash settlements reference the closing common share price on the day before the 30th day following separation from service, aligning with plan and tax requirements.