How many DIRTT (DRTTF) Deferred Share Units does Adrian Raul Zarate now hold?

After the latest grant, Adrian Raul Zarate holds 88,904 Deferred Share Units. These units mirror the value of DIRTT common shares and will be settled in shares or cash once his service and employment with the company end, according to the plan terms.

At what price were the DIRTT (DRTTF) Deferred Share Units calculated?

The 31,650 DSUs were calculated using a price of C$0.77 per common share. This was the Toronto Stock Exchange closing price on March 30, 2026, converted at a Bank of Canada exchange rate of C$1.3926 to US$1.00 for the grant valuation.

When will the DIRTT (DRTTF) Deferred Share Units granted to Zarate settle?

All Deferred Share Units granted to Adrian Raul Zarate settle after his service and employment with DIRTT end. Under the plan, DSUs are paid in one common share or cash equivalent, with specific timing rules noted for U.S. directors subject to U.S. taxation.

Are the DIRTT (DRTTF) Deferred Share Units paid in shares or cash?

Each Deferred Share Unit will be settled in either one DIRTT common share or the cash equivalent of that share. The cash value is based on the closing price of DIRTT common shares on the day before the 30th day following separation from service for U.S. directors.

Officer at DIRTT (DRTTF) awarded 31,650 deferred share units

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Zarate Adrian Raul reported acquisition or exercise transactions in this Form 4 filing.

DIRTT Environmental Solutions Ltd granted Chief Transformation Officer Adrian Raul Zarate 31,650 Deferred Share Units (DSUs), each economically equivalent to one common share. The grant price reference was C$0.77 (approximately $0.55), based on the Toronto Stock Exchange closing price and a Bank of Canada exchange rate of C$1.3926 = US$1.00 on March 30, 2026. Following this award, Zarate holds 88,904 DSUs, which will settle in shares or cash after his service and employment with the company end.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Zarate Adrian Raul

Role Chief Transformation Officer

Type	Security	Shares	Price	Value
Grant/Award	Deferred Share Unit	31,650	$0.55	$17K

Holdings After Transaction: Deferred Share Unit — 88,904 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: 31,650 units Price used to calculate DSUs: C$0.77 per share Implied U.S. dollar grant price: $0.55 per share +3 more

6 metrics

Deferred Share Units granted 31,650 units Grant to Chief Transformation Officer on March 31, 2026

Price used to calculate DSUs C$0.77 per share Closing price on TSX on March 30, 2026

Implied U.S. dollar grant price $0.55 per share Conversion from C$0.77 using C$1.3926 = US$1.00

Exchange rate C$1.3926 = US$1.00 Bank of Canada rate on March 30, 2026

DSUs held after transaction 88,904 units Total Deferred Share Units following the award

Underlying common shares per DSU 1 share per unit Each DSU is economic equivalent of one common share

Key Terms

Deferred Share Unit, Third Amended and Restated Long Term Incentive Plan, Termination Date, US Directors, +1 more

5 terms

Third Amended and Restated Long Term Incentive Plan financial

"Each deferred share unit ("DSU") was granted pursuant to the DIRTT Environmental Solutions Ltd. Third Amended and Restated Long Term Incentive Plan"

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.

US Directors financial

"For directors who are subject to taxation in the United States ("US Directors"), the DSUs will settle no later than forty days"

cash equivalent financial

"Each DSU will be settled in one Common Share or in the cash equivalent of such Common Shares"

Form 4 Insider Transactions: What Each Field Means →

04/02/2026 - 12:49 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^*

Zarate Adrian Raul

(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
X	Officer (give title below)	Other (specify below)
	Chief Transformation Officer

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		31,650		⁽¹⁾	⁽¹⁾	Common Shares	31,650	$0.55⁽²⁾	88,904	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 Adrian Zarate	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 a grant of 31,650 Deferred Share Units to Chief Transformation Officer Adrian Raul Zarate. Each DSU is economically equivalent to one common share and represents compensation rather than an open-market share purchase or sale.