Noll Shaun 4
4 · DIRTT ENVIRONMENTAL SOLUTIONS LTD · Filed Dec 26, 2023
Insider Transaction Report
Form 4
Noll Shaun
Director10% Owner
Transactions
- Purchase
Rights to purchase Common Shares
2023-12-20$0.04/sh+7,283,697$300,088→ 29,479,286 total(indirect: See footnote)→ Common Shares (5,957,337 underlying)
Holdings
- 10,157
Rights to purchase Common Shares
→ Common Shares (8.307 underlying)
Footnotes (3)
- [F1]The Issuer distributed transferable subscription rights (the "Rights") to purchase up to an aggregate of 85,714,285 Common Shares, at no charge, to holders of record of the Common Shares as of the close of business on December 12, 2023. Subject to the applicable terms and conditions, each Right entitles the holder thereof to purchase 0.81790023 Common Shares from the Issuer at a subscription price of CA$0.35 per whole Common Share, as further described in the Issuer's Free Writing Prospectus filed with the SEC on December 11, 2023.
- [F2]WWT1 purchased 7,283,697 Rights in private transactions at a price of CA$0.0549 per Right. The purchase price of US$0.0412 per Right reported above is based on the December 20, 2023 daily exchange rate of CA$1.331 per $US$1.00, as published by the Bank of Canada on December 21, 2023.
- [F3]These securities are held by WWT Opportunity #1 LLC ("WWT1"). Shaun Noll, as the Managing Member of WWT1, may be deemed a beneficial owner of securities held by WWT1, but disclaims such beneficial ownership except to the extent of his pecuniary interest therein.