Urban Benjamin Nicholas sold DRTTF
January 5, 2024 · Form 4 insider transaction
Urban Benjamin Nicholas sold 612,500 shares of DIRTT Environmental Solutions Ltd. at $0.00 per share, a transaction worth N/A. The trade was recorded as exercise of in-the-money option and disclosed on an SEC Form 4, filed 3 days after the transaction.
Footnotes
The effective purchase price of the common shares of the issuer underlying the subscription rights issued in connection with the issuer's rights offering is C$0.35 per one common share. The reported price was calculated using the exchange rate of US$1.00 equals C$1.3202 as of December 29, 2023, as announced by the Federal Reserve Bank on January 2, 2024.; Represents the number of common shares of the issuer that the reporting person purchased in the issuer's rights offering pursuant to the exercise of his basic subscription rights. The closing of the rights offering and the issuance of the common shares of the issuer is expected to be on or about January 9, 2024.; 3. Each subscription right is exercisable for 0.81790023 common shares of the issuer. The number of common shares of the issuer reported in Column 7 is rounded down to the nearest whole number. The subscription rights are only exercisable for whole common shares of the issuer.