X0306 4 2020-06-01 0 0001401040 DiaMedica Therapeutics Inc. DMAC 0001760016 Pilnik Richard D. TWO CARLSON PARKWAY SUITE 260 MINNEAPOLIS MN 55447 1 0 0 0 Voting Common Shares, no par value per share 2020-06-01 4 A 0 10168 4.59 A 60846 D Stock Option (right to buy) 4.64 2020-06-01 4 A 0 19220 0 A 2030-05-31 Common Shares 19220 19220 D These shares are issuable upon settlement of deferred stock units granted under the DiaMedica Therapeutics Inc. 2019 Omnibus Incentive Plan in lieu of cash retainer fees in the aggregate amount of $46,667. Includes 7,588 shares issuable upon settlement of deferred share units granted under the DiaMedica Therapeutics Inc. Deferred Share Unit Plan. Vests in four nearly equal quarterly installments over one year. /s/ Amy Culbert, attorney-in-fact 2020-06-02