Are the Deferred Share Units (DSUs) in the Birks Group (BGI) Form 3 settled in stock or cash?

The Deferred Share Units are cash-settled . Upon payout, the reporting person receives a cash amount equal to the value of the stock price on the departure date multiplied by the number of DSUs, rather than receiving company shares.

Birks Group (BGI) director reports 75,904 share-linked DSUs on Form 3

Q: How many shares are linked to the DSUs reported by the Birks Group (BGI) director?

The DSUs reported by the director are linked to 75,904 underlying Class A voting shares . These units reference the value of Birks Group shares but are settled in cash instead of delivering actual shares to the reporting person.

Q: When are the Birks Group (BGI) DSUs reported by the director expected to be paid out?

The DSUs are structured to be paid after the director’s departure from the Board , with a reference in the footnotes to December 31 of the year after departure as a key timing point for the cash settlement calculation.

Q: Does the Birks Group (BGI) Form 3 show any insider buying or selling of shares?

No, this Form 3 does not show new share purchases or sales . It discloses the director’s existing DSU holdings, which are a form of deferred, cash-settled compensation tied to the company’s Class A voting share price.

Q: What is the economic value basis of the DSUs reported in the Birks Group (BGI) Form 3?

The DSUs provide cash value equal to the stock price on the departure date multiplied by the number of DSUs. This links the director’s deferred compensation to Birks Group’s share performance at the time he leaves the board.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Birks Group Inc. director Emilio Benedetto Imbriglio reported his existing equity-linked holdings on a Form 3. He holds cash-settled Deferred Share Units (DSUs) tied to 75,904 underlying Class A voting shares. These DSUs are settled in cash, not stock, based on the share price at his board departure date.

The DSUs are designed to pay out after his departure from the board, with the cash value calculated as the stock price on the departure date multiplied by the number of DSUs. The filing does not reflect any new share purchases or sales, but rather discloses his current deferred compensation-linked position.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Imbriglio Emilio Benedetto

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)

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 →

03/16/2026 - 10:03 AM

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
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hours per response:			0.5

1. Name and Address of Reporting Person^*

Imbriglio Emilio Benedetto

(Last)

(First)

(Middle)

C/O BIRKS GROUP INC.

200-2020 BLVD ROBERT-BOURASSA

(Street)

MONTREAL

H3A 2A5

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/16/2026

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)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	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)
Class A voting shares	⁽¹⁾	⁽²⁾	Cash-Settled Deferred Share Units (DSUs)⁽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 owner of securities of a Foreign Private Issuer

	Helene Delaney by Power of Attorney	03/16/2026
	** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What does Emilio Benedetto Imbriglio report in his Birks Group (BGI) Form 3?

Emilio Benedetto Imbriglio reports his existing holdings of cash-settled Deferred Share Units (DSUs) tied to 75,904 underlying Class A voting shares. This Form 3 is an initial ownership statement, not a record of new share purchases or sales.

How many shares are linked to the DSUs reported by the Birks Group (BGI) director?

The DSUs reported by the director are linked to 75,904 underlying Class A voting shares. These units reference the value of Birks Group shares but are settled in cash instead of delivering actual shares to the reporting person.

When are the Birks Group (BGI) DSUs reported by the director expected to be paid out?

The DSUs are structured to be paid after the director’s departure from the Board, with a reference in the footnotes to December 31 of the year after departure as a key timing point for the cash settlement calculation.

Does the Birks Group (BGI) Form 3 show any insider buying or selling of shares?

No, this Form 3 does not show new share purchases or sales. It discloses the director’s existing DSU holdings, which are a form of deferred, cash-settled compensation tied to the company’s Class A voting share price.

What is the economic value basis of the DSUs reported in the Birks Group (BGI) Form 3?

The DSUs provide cash value equal to the stock price on the departure date multiplied by the number of DSUs. This links the director’s deferred compensation to Birks Group’s share performance at the time he leaves the board.