Sec Form 4 Filing - Somayaji Nandini @ DIRTT ENVIRONMENTAL SOLUTIONS LTD - 2023-05-15

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Somayaji Nandini
2. Issuer Name and Ticker or Trading Symbol
DIRTT ENVIRONMENTAL SOLUTIONS LTD [ DRTT]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
See Remarks
(Last) (First) (Middle)
7303-30TH STREET SE
3. Date of Earliest Transaction (MM/DD/YY)
05/15/2023
(Street)
CALGARY, A0T2C 1N6
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Shares ( 1 ) 05/15/2023 A 32,002 A 90,751 D
Common Shares ( 1 ) 05/15/2023 S( 1 ) 16,001 D $ 0.37 ( 1 ) 74,750 D
Common Shares 05/17/2023 S 12,288 D $ 0.3416 ( 2 ) 62,462 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Somayaji Nandini
7303-30TH STREET SE
CALGARY, A0T2C 1N6
See Remarks
Signatures
/s/ Nandini Somayaji 05/17/2023
Signature of Reporting Person Date
Explanation of Responses:
( 1 )On May 15, 2023, the reporting person was granted 52,352 share awards ("Share Awards"), and 16,001 shares were sold to pay income taxes. The shares were sold at C$0.50, and the price was converted using the Bank of Canada exchange rate for May 15, 2023 of C$1.3487 = US$1.00. Each Share Award represents an unrestricted Common Share of the Issuer.
( 2 )The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from C$0.455 - C$0.4721, inclusive. The price was converted using the Bank of Canada exchange rate for May 16, 2023 of C$1.3456 = US$1.00. The reporting person undertakes to provide to DIRTT Environmental Solutions Ltd., any security holder of DIRTT Environmental Solutions Ltd., or the staff of the Securities and Exchange Commission, upon request, full information regarding the shares sold.

Remarks:
SVP, General Counsel and Secretary

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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