Zarate Adrian Raul 4

What Happened
Adrian (Adrian Raul) Zarate, Chief Transformation Officer and Director of DIRTT Environmental Solutions Ltd. (DRTTF), was granted 35,015 deferred share units (DSUs) on June 30, 2026. The filing values the grant at US$0.50 per DSU (derived from C$0.71), for a total notional value of approximately US$17,508. This was a compensation award (derivative grant), not an open-market purchase or sale.

Key Details

• Transaction date: June 30, 2026; Form 4 filed July 2, 2026.
• Transaction type/code: A — Award/Grant (derivative: DSUs).
• Shares/units granted: 35,015 DSUs.
• Price used in filing: US$0.50 per DSU (based on C$0.71 closing price on TSX, June 29, 2026; conversion using Bank of Canada rate C$1.4206 = US$1.00).
• Total notional value reported: US$17,508 (derivative).
• Shares owned after transaction: Not specified in the filing.
• Footnotes: DSUs are the economic equivalent of one common share and generally settle only after the director’s termination of service. For directors taxed in the U.S., settlement occurs no later than 40 days after termination; settlement may be in common shares or a cash equivalent (calculated per the plan rules).

Context
DSU grants are a form of deferred compensation and do not represent an immediate purchase of shares. They are typically used to align long-term interests of directors/executives with shareholders but do not by themselves indicate immediate bullish or bearish trading by the insider. The award will convert to shares or cash only upon the specified settlement events described in the plan.