0000899243-23-007079.txt : 20230303 0000899243-23-007079.hdr.sgml : 20230303 20230303194053 ACCESSION NUMBER: 0000899243-23-007079 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230301 FILED AS OF DATE: 20230303 DATE AS OF CHANGE: 20230303 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Somayaji Nandini CENTRAL INDEX KEY: 0001941797 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-39061 FILM NUMBER: 23707011 MAIL ADDRESS: STREET 1: 7303 30 STREET S.E. CITY: CALGARY STATE: A0 ZIP: T2C 1N6 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: DIRTT ENVIRONMENTAL SOLUTIONS LTD CENTRAL INDEX KEY: 0001340476 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 000000000 STATE OF INCORPORATION: A0 FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 7303 30 ST S E CITY: CALGARY ALBERTA T2C 1N6 CAN STATE: A0 ZIP: T2C 1N6 BUSINESS PHONE: 403-723-5000 MAIL ADDRESS: STREET 1: 7303 30 ST S E CITY: CALGARY ALBERTA T2C 1N6 CAN STATE: A0 ZIP: T2C 1N6 4 1 doc4.xml FORM 4 SUBMISSION X0306 4 2023-03-01 0 0001340476 DIRTT ENVIRONMENTAL SOLUTIONS LTD DRTT 0001941797 Somayaji Nandini 7303-30TH STREET SE CALGARY A0 T2C 1N6 ALBERTA, CANADA 0 1 0 0 See Remarks Common Shares 2023-03-01 4 M 0 4525 A 56270 D Common Shares 2023-03-01 4 F 0 2512 0.66 D 53758 D Common Shares 2023-03-01 4 M 0 11236 A 64994 D Common Shares 2023-03-01 4 F 0 6245 0.66 D 58749 D Restricted Share Units 2022-03-01 4 M 0 4525 0.00 A Common Shares 4525 4525 D Restricted Share Units 2022-03-01 4 M 0 11236 0.00 A Common Shares 11236 22472 D On March 1, 2021, the reporting person was granted 13,575 RSUs, vesting in three equal annual installments beginning on the first anniversary of the grant date. 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. One-third of the RSUs vested on March 1, 2023 and were converted into Common Stock on a one-to-one basis at the Issuer's discretion. On March 1, 2022, the reporting person was granted 33,708 RSUs, vesting in three equal annual installments beginning on the first anniversary of the grant date. 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. One-third of the RSUs vested on March 1, 2023 and were converted into Common Stock on a one-to-one basis at the Issuer's discretion. General Counsel & Corporate Secretary. /s/ Nandini Somayaji 2023-03-03