Kraus Charles R 4
4 · DIRTT ENVIRONMENTAL SOLUTIONS LTD · Filed Jun 22, 2021
Insider Transaction Report
Form 4
Kraus Charles R
See Remarks
Transactions
- Tax Payment
Common Shares
2021-06-17$3.66/sh−18,104$66,261→ 49,698 total - Exercise/Conversion
Restricted Share Units
2021-06-17−48,148→ 96,296 total→ Common Shares (48,148 underlying) - Exercise/Conversion
Common Shares
2021-06-17+48,148→ 67,802 total - Sale
Common Shares
2021-06-18$3.59/sh−15,000$53,907→ 34,698 total
Footnotes (2)
- [F1]On June 17, 2020, the reporting person was granted 144,444 restricted share units ("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 share of common stock of the Issuer (a "Common Share") or, at the Issuer's discretion, a number of Common Shares equal to the number of vested RSUs (or a combination of cash and Common Shares). One-third of the RSUs vested on June 17, 2021 and were converted into Common Stock on a one-to-one basis at the Issuer's discretion.
- [F2]The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions in prices ranging from $3.57 to $3.63, inclusive. The reporting person undertakes to provide to DIRTT Environmental Solutions Ltd., any security holder of DIRTT Environmental Solutions Ltd., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range