Urban Benjamin Nicholas bought DRTTF

January 9, 2024 · Form 4 insider transaction

Urban Benjamin Nicholas bought 13,207 shares of DIRTT Environmental Solutions Ltd. at $0.27 per share, a transaction worth $3.6K. The trade was recorded as option exercise and disclosed on an SEC Form 4, filed 34 days after the transaction.

Direction
Acquired (buy-side)
Shares
13,207
Price
$0.27
Total value
$3.6K
RoleOfficer, Director
SecurityCommon Shares
Transaction codeM: Option exercise
Transaction dateJanuary 9, 2024
Filing dateFebruary 12, 2024
Shares owned after1,126,670
OwnershipDirect
10b5-1 planNo
AmendedNo

Footnotes

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 additional subscription privilege, which entitled eligible holders of rights who fully exercised their basic subscription privilege the right to purchase additional common shares that remained unsubscribed for at the expiration of the rights offering at a price of C$0.35 per whole common share, on a pro rata basis. The reporting person exercised his basic subscription privilege in full, as previously reported on Form 4. The rights offering closed on January 9, 2024.; 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.

View the original Form 4 on SEC EDGAR