Pannikode Shalima K. 4

4 · DIRTT ENVIRONMENTAL SOLUTIONS LTD · Filed Apr 2, 2026

AI-generated summary of this filing

Updated Apr 2, 2026

DIRTT (DRTTF) Director Shalima Pannikode Receives 33,911-Unit DSU Award

What Happened

Director Pannikode Shalima K. received a grant of 33,911 deferred share units (DSUs) on March 31, 2026. The DSUs were recorded at US$0.55 each (derived from C$0.77 using the Bank of Canada rate), for a total reported value of US$18,651. Transaction code: A (award/grant).

Key Details

Transaction date and price: March 31, 2026; 33,911 DSUs at US$0.55 per unit (C$0.77 used to calculate units).
Total reported value: US$18,651.
Shares owned after transaction: not disclosed in the filing.
Filing: Form 4 filed 2026-04-02 (appears timely—within standard two business days of the transaction).
Transaction type: derivative award (DSUs) under the Issuer’s Third Amended and Restated Long Term Incentive Plan.

Context

DSUs are a deferred compensation award that are the economic equivalent of common shares; they do not represent immediate share transfers. DSUs settle following cessation of service. For directors taxable in the U.S., DSUs will settle no later than 40 days after termination and will be settled in common shares or the cash equivalent (cash value calculated based on a specified post‑separation pricing date per the plan).
This is an award grant (not an open‑market purchase or sale) and is typically part of director compensation rather than an active market signal.

Form 4

Period: 2026-03-31

Director

Transactions

Award
Deferred Share Unit
[F1][F2]
2026-03-31$0.55/sh+33,911$18,651→ 316,756 total
→ Common Shares (33,911 underlying)

Footnotes (2)

[F1]Each deferred share unit ("DSU") was granted pursuant to the DIRTT Environmental Solutions Ltd. Third Amended and Restated Long Term Incentive Plan and is the economic equivalent of one common share (a "Common Share") of DIRTT Environmental Solutions Ltd. (the "Issuer"). All DSUs settle following the cessation of service and employment with the Issuer (the "Termination Date"). For directors who are subject to taxation in the United States ("US Directors"), the DSUs will settle no later than forty days following the Termination Date. Each DSU will be settled in one Common Share or in the cash equivalent of such Common Shares, calculated based on the closing price of the Common Shares on the day prior to the 30th day following separation from service for US Directors.
[F2]The price used to calculate the number of DSUs granted was C$0.77, which was the closing price Issuer's Common Shares as reported on the Toronto Stock Exchange on March 30, 2026. The price was converted using the Bank of Canada exchange rate for March 30, 2026 of C$1.3926 = US$1.00.

Signature

/s/ Fareeha Khan, as attorney-in-fact for Shalima Pannikode|2026-04-02

1 file