Zarate Adrian Raul 4

What Happened

• Adrian Raul Zarate, Chief Transformation Officer and Director of DIRTT Environmental Solutions Ltd. (DRTTF), was granted 31,650 deferred share units (DSUs) on 2026-03-31. The filing reports an economic value of $0.55 per unit, totaling $17,408 (derivative award).
• This transaction is an award/grant (code A) of DSUs — a form of deferred compensation — not an open-market purchase or sale of common shares.

Key Details

• Transaction date: 2026-03-31; Form 4 filed 2026-04-02 (reporting period 2026-03-31).
• Award size: 31,650 DSUs; reported value: $17,408 (US$0.55 per unit).
• Pricing basis: DSU count was calculated using the issuer’s TSX closing price C$0.77 on March 30, 2026 and converted using Bank of Canada rate C$1.3926 = US$1.00 (per filing footnote).
• Shares owned after transaction: not specified in the filing.
• Footnotes: DSUs are the economic equivalent of one common share and are derivative awards that settle in common shares or cash after the holder’s termination of service. For U.S.-taxed directors, settlement occurs no later than 40 days after termination and is calculated based on a post-separation closing price (see filing footnote).

Context

• DSUs are deferred compensation that convert to shares or cash at a future separation date; they do not represent immediate tradable common shares.
• This is an award (routine compensation) rather than a market purchase or sale, so it signals compensation policy more than an insider trading view.