Birks Group (BGI) interim COO discloses share and cash DSU holdings

Rhea-AI Filing Summary

Birks Group Inc. filed a Form 3 showing the initial beneficial ownership of its Interim President and COO, Davide Barberis Canonico. The filing lists deferred share units tied to the company’s Class A voting shares rather than new market transactions.

He holds 110,588 share-settled deferred share units, each exercisable for one Class A voting share, and 75,904 cash-settled deferred share units, which pay cash equal to the stock’s value at departure times the units. Footnotes state these DSUs become exercisable after departure from the Board, with settlement tied to December 31 following that departure.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Barberis Canonico Davide Mr

Role Interim President and COO

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

Holdings After Transaction: Class A voting shares — 110,588 shares (Direct)

Footnotes (1)

1. After departure from Board December 31 of the following year after departure from Board DSUs allow the reporting person to exercise the DSUs and receive one share per DSU 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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1. Name and Address of Reporting Person^*

Barberis Canonico Davide Mr

(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)
03/13/2026

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

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Interim President and COO

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)	Share-Settled Deferred Share Units (DSUs)(3)	110,588	$0	D
Class A voting shares	(4)	(5)	Cash-Settled Deferred Share Units (DSUs)(6)	75,904	$0	D

Explanation of Responses:

1. After departure from Board

2. December 31 of the following year after departure from Board

3. DSUs allow the reporting person to exercise the DSUs and receive one share per DSU

4. After departure from Board

5. December 31 of the year after departure from Board

6. 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	03/13/2026
	** 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) Form 3 disclose about Davide Barberis Canonico?

The Form 3 shows Davide Barberis Canonico’s initial beneficial ownership in Birks Group. It lists his holdings of share-settled and cash-settled deferred share units linked to Class A voting shares, rather than recording any new share purchases, option exercises, or market sales.

How many share-settled deferred share units does Birks Group’s interim COO hold?

Birks Group’s interim COO holds 110,588 share-settled deferred share units (DSUs). Each DSU can be exercised to receive one Class A voting share, giving him potential equity exposure to the company’s stock through these units, subject to the timing conditions described in the footnotes.

How many cash-settled deferred share units does the Birks Group interim COO report?

The Form 3 reports 75,904 cash-settled deferred share units (DSUs) for the interim COO. These DSUs do not deliver shares; instead, they pay a cash amount equal to the stock price on the departure date multiplied by the number of DSUs held.

When can the deferred share units reported for Birks Group (BGI) be exercised or settled?

The footnotes state the DSUs become exercisable after departure from the Board. Settlement timing is tied to December 31 of the year or the following year after departure, depending on the specific DSU type, defining when shares or cash can be received.

What is the difference between share-settled and cash-settled DSUs in this Birks Group filing?

Share-settled DSUs allow the holder to receive one Class A voting share per unit. Cash-settled DSUs instead pay cash equal to the stock price on the departure date times the number of units, giving economic exposure without issuing additional shares.

Does this Birks Group Form 3 show any share purchases or sales by the interim COO?

The data show holdings only, with no reported buy or sell transactions. Transaction summaries list zero purchases, sales, or option exercises, and both entries are classified as holding records rather than new market trades or disposals.