Noll Shaun 4
4 · DIRTT ENVIRONMENTAL SOLUTIONS LTD · Filed Jan 18, 2024
Insider Transaction Report
Form 4
Noll Shaun
Director10% Owner
Transactions
- Exercise/Conversion
Common Shares
2024-01-09$0.26/sh+31,116,461$8,133,843→ 53,301,893 total(indirect: See footnote) - Exercise/Conversion
Subscription Rights (right to buy)
2023-01-09−29,479,286→ 0 total(indirect: See footnote)Exercise: $0.26→ Common Shares (31,116,461 underlying) - Exercise/Conversion
Subscription Rights (right to buy)
2023-01-09−10,517→ 0 totalExercise: $0.26→ Common Shares (68,903 underlying) - Exercise/Conversion
Common Shares
2024-01-09$0.26/sh+68,903$18,011→ 78,860 total
Footnotes (3)
- [F1]On January 9, 2024, DIRTT Environmental Solutions Lts. ("DIRTT") announced the results of its CA$30.0 million rights offering (the "Rights Offering"). Each subscription right was exercisable for 0.81790023 DIRTT Common Shares, rounded down to the nearest whole number, together with oversubscription rights. The reporting persons participated in the Rights Offering in full, as well as exercising their oversubscription rights, at a subscription price of CA$0.35 per DIRTT Common Share. The number of Common Shares reported above includes the allocation pursuant to the reporting persons' exercise of their oversubscription rights.
- [F2]The subscription price of US$0.2614 per Common Share reported above is based on the January 9, 2024 daily exchange rate of CA$1.3391 per $US$1.00, as published by the Bank of Canada on January 15, 2024.
- [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.