Pannikode Shalima K. 4

What Happened
Pannikode Shalima K., a director of DIRTT Environmental Solutions Ltd. (DRTTF), was granted 37,516 deferred share units (DSUs) on June 30, 2026. The grant was recorded at an economic value of US$0.50 per DSU, for a total value of approximately US$18,758. This was an award (compensation), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-30 (reported on Form 4 filed 2026-07-02). Filing appears to be within the standard 2-business-day window.
• Grant type/code: A — Award/Grant of derivative securities (DSUs).
• Amount: 37,516 deferred share units. Price used to value grant: US$0.50 per DSU (total ≈ US$18,758).
• Price basis: DSU count was calculated using CA$0.71 (TOR: close on June 29, 2026) converted at Bank of Canada rate C$1.4206 = US$1.00 (footnote).
• Settlement/vesting: Each DSU is the economic equivalent of one common share and will settle following cessation of service. For U.S.-taxed directors, settlement occurs no later than 40 days after termination; settlement may be in shares or cash based on a post-separation pricing formula (see footnote).
• Shares owned after transaction: Not specified in the provided filing.
• No 10b5-1, tax-withholding, or late-filing flags noted in the summary data provided.

Context: DSUs are a form of deferred compensation for directors and are derivative securities that convert to common shares (or cash) only upon separation from service. Such grants are routine director compensation and do not represent an immediate purchase or sale of company stock; they are therefore a different signal than an outright insider buy or sell.