Birks Group (NYSE: BGI) director discloses cash-settled DSUs tied to 71,456 shares

Rhea-AI Filing Summary

Birks Group Inc. director Maria Eugenia Giron Davila filed an initial ownership report showing cash-settled deferred share units linked to 71,456 Class A voting shares held directly. These DSUs are designed to be settled in cash based on the share price at board departure.

According to the disclosures, DSUs may be exercised for a cash amount equal to the stock price on the departure date multiplied by the number of DSUs. Settlement is scheduled by December 31 of the year after her departure from the board.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Giron Davila Maria Eugenia

Role Director

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

Holdings After Transaction: Class A voting shares — 71,456 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

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Giron Davila Maria Eugenia

(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 (DSUs)(3)	71,456	$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

	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 insider position did Maria Eugenia Giron Davila report at Birks Group Inc. (BGI)?

She reported holding cash-settled deferred share units linked to 71,456 Class A voting shares. These DSUs represent a deferred cash-based interest in Birks Group Inc. stock, rather than current share ownership, and are held directly as part of her director compensation.

Are the reported DSUs at BGI settled in stock or cash?

The DSUs are cash-settled, not stock-settled. They allow the reporting person to receive a cash value equal to the stock price on the departure date multiplied by the number of DSUs, providing economic exposure without issuing new shares.

How many Birks Group Inc. shares underlie Maria Eugenia Giron Davila’s DSUs?

The DSUs are linked to 71,456 underlying Class A voting shares. This figure represents the number of notional shares used to calculate the eventual cash payment, based on the Birks Group Inc. stock price at her board departure date.

When will the cash from Maria Eugenia Giron Davila’s BGI DSUs be paid?

The cash payment tied to the DSUs is scheduled by December 31 of the year after her departure from the board. The amount will be based on the stock price on the departure date times the 71,456 DSUs held.

Does this BGI Form 3 show a buy or sell transaction by the director?

No buy or sell transaction is reported; it is an initial ownership statement. The filing records existing cash-settled DSU holdings linked to 71,456 Class A voting shares, without indicating any recent purchase, sale, or exercise activity.