Birks Group (BGI) director details cash-settled deferred share unit holdings

Rhea-AI Filing Summary

Birks Group Inc. director Deborah Shannon Trudeau filed an initial ownership report showing exposure to cash-settled deferred share units linked to Class A voting shares. The filing lists underlying securities equivalent to 75,904 Class A shares, held directly.

These deferred share units are designed to be settled in cash after her departure from the board, with the cash amount based on the company’s stock price on the departure date and payable on December 31 of the year following that departure. The report does not reflect any recent share purchases or sales, but rather documents her existing deferred equity-based compensation position.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Shannon Trudeau Deborah

Role Director

Type	Security	Shares	Price	Value
holding	Class A voting shares	--	--	--

Holdings After Transaction: Class A voting shares — 75,904 shares (Direct)

Footnotes (1)

1. After departure from Board December 31 of the year after departure from Board DSUs allow the reporting person to exercise the DSUs and receive a cash value equivalent to the value of the stock price on the departure date times the number of DSUs

Understanding Insider Trading Forms →

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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OMB Number:			3235-0104
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1. Name and Address of Reporting Person^*

Shannon Trudeau Deborah

(Last) (First) (Middle)

C/O BIRKS GROUP INC.

200-2020 BLVD ROBERT-BOURASSA

(Street)

MONTREAL A8 H3A 2A5

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/12/2026

3. Issuer Name and Ticker or Trading Symbol
BIRKS GROUP INC. [ BGI ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Class A voting shares	(1)	(2)	Cash-Settled Deferred Share Units(3)	75,904	$0	D

Explanation of Responses:

1. After departure from Board

2. December 31 of the year after departure from Board

3. DSUs allow the reporting person to exercise the DSUs and receive a cash value equivalent to the value of the stock price on the departure date times the number of DSUs

Remarks:

This is an initial Form 3 filing as an ownner of securities of a Foreign Private Issuer

	Helene Delaney by power of attorney	03/12/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What does Birks Group (BGI) director Deborah Shannon Trudeau report on this Form 3?

Deborah Shannon Trudeau reports her existing holdings of cash-settled deferred share units tied to Birks Group Class A voting shares, equivalent to 75,904 underlying shares. This Form 3 records her current deferred equity-based compensation, not a new market transaction or trade.

How many Birks Group (BGI) shares are linked to Trudeau’s deferred share units?

The filing shows deferred share units linked to 75,904 underlying Birks Group Class A voting shares. These units are a form of equity-based compensation, giving her economic exposure to the share price without currently holding the actual shares themselves.

Are the deferred share units reported by Trudeau in Birks Group (BGI) paid in stock or cash?

The deferred share units are cash-settled. Upon settlement, Trudeau receives a cash amount equal to the stock price on her board departure date multiplied by the number of units, rather than receiving actual Birks Group Class A voting shares.

When will Deborah Shannon Trudeau’s Birks Group (BGI) deferred share units be settled?

The footnotes state that the deferred share units are settled in cash after Trudeau leaves the board. Payment occurs on December 31 of the year following her departure, using the Birks Group stock price on the departure date to determine the cash value.

Does this Birks Group (BGI) Form 3 indicate Trudeau bought or sold shares?

This Form 3 does not indicate any recent purchase or sale of Birks Group shares by Trudeau. It is an initial ownership statement, recording her existing position in cash-settled deferred share units equivalent to 75,904 underlying Class A voting shares.