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(a)
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Amount beneficially owned:
This Amendment No. 7 to Schedule 13G is being filed on behalf of the Reporting Persons. As of the close of business on December 31, 2023, Dani Reiss is the beneficial owner of (i) 20,130,334 Multiple Voting Shares of the Issuer
(“Multiple Voting Shares”), all of which are registered in the name of DTR LLC, an entity controlled by Dani Reiss, (ii) 35,442 Subordinate Voting Shares of the Issuer (“Subordinate Voting Shares”) and (iii) 883,501 Subordinate Voting
Shares subject to vested options or restricted stock units to purchase Subordinate Voting Shares.
The rights of the holders of the Issuer’s Multiple Voting Shares and Subordinate Voting Shares are substantially identical, except with respect to voting and conversion. The Subordinate Voting Shares have one vote per share and
the Multiple Voting Shares have 10 votes per share. The Subordinate Voting Shares are not convertible into any other class of shares, while the Multiple Voting Shares are convertible into Subordinate Voting Shares on a one-for-one
basis at the option of the holder and under certain other circumstances.
Accordingly, the 20,130,334 Multiple Voting Shares beneficially owned by Dani Reiss are convertible, at the option of Dani Reiss, into 20,130,334 Subordinate Voting Shares, which, together with the 918,943 Subordinate Voting Shares
beneficially owned by Dani Reiss, represent approximately 21.2% of the Issuer’s outstanding Subordinate Voting Shares. The 20,130,334 Multiple Voting Shares held by DTR LLC are convertible, at the option of DTR LLC, into 20,130,334
Subordinate Voting Shares, which represent approximately 20.5% of the Issuer’s outstanding Subordinate Voting Shares.
The 20,130,334 Multiple Voting Shares and 918,943 Subordinate Voting Share beneficially owned by Dani Reiss represent approximately 36.2% of the Issuer’s total voting power. The 20,130,334 Multiple Voting Shares held by DTR LLC
represent approximately 36.1% of the Issuer’s total voting power.
The percentage of the Issuer’s outstanding Subordinate Voting Shares and total voting power held by the Reporting Persons are based on 51,004,076 Multiple Voting Shares and 47,266,126 Subordinate Voting Shares outstanding as of
December 31, 2023 and, in the case of Dani Reiss, 883,501 Subordinate Voting Shares subject to vested options or restricted stock units and deemed outstanding pursuant to Rule 13d-3(d)(1)(i).
DTR LLC is party to an Investor Rights Agreement, dated as of March 6, 2017, with Brent (BC) Participation S.à r.l., a private limited liability company incorporated and existing under the laws of Luxembourg (“Brent”). The
Investor Rights Agreement requires that DTR LLC and Brent cast all votes to which they are entitled to elect directors designated in accordance with the terms and conditions of the Investor Rights Agreement. As a result, DTR LLC and
Brent may be deemed to be a group for purposes of Section 13(d) of the Act. DTR LLC disclaims beneficial ownership of the securities held by Brent.
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