DIRTT (DRTTF) CFO Fareeha Khan Receives 1.1M Shares from RSU Vesting

What Happened

• Fareeha Khan, Chief Financial Officer of DIRTT Environmental Solutions Ltd. (DRTTF), had 1,100,000 restricted stock units (RSUs vest) and convert into common shares on August 14, 2026. Of those shares, 528,502 shares were surrendered/withheld to cover tax liabilities. The filing shows 100,000 of the shares valued at C$0.83 (converted to US$0.60) for a reported value of approximately $60,000; the remaining 1,000,000 RSUs converted into shares with no cash exercise price recorded. Net shares retained after withholding: 571,498 (1,100,000 − 528,502).

Key Details

• Transaction date: August 14, 2026; Form 4 filed August 18, 2026.
• Codes: M = conversion/exercise of derivative (RSUs converted to shares); F = payment of tax liability via share withholding.
• Shares acquired (RSU conversion): 1,100,000.
• Shares withheld for taxes (disposed): 528,502.
• Valuation reported for 100,000 shares: C$0.83 per share on TSX (Bank of Canada rate C$1.3875 = US$1.00) → US$0.60 per share → ~$60,000 total.
• Net shares remaining after withholding (based on reported figures): 571,498.
• Footnotes: RSUs were grants made Aug 14, 2024 (1,000,000 RSUs vesting Aug 14, 2026; 100,000 RSUs vesting in scheduled installments beginning Aug 14, 2025) and converted one-for-one into common shares at the issuer’s discretion.
• Filing timeliness: Form 4 shows the report date Aug 18, 2026 for transactions dated Aug 14, 2026 (no late-filing flag noted in the summary provided).

Context

• This was not an open-market purchase or sale — it was RSU vesting and conversion into shares with a customary tax-withholding share surrender. Such transactions are routine compensation events rather than direct expressions of buying or selling sentiment.
• For retail investors: RSU vesting increases insider shareholdings (before withholding) but part of the issuance is commonly withheld to cover taxes, as here.