Mary Turner - May 10, 2021 Form 4 Insider Report for Designer Brands Inc. (DBI)

Role: EVP;Pres DesignerBrands Canada
Signature: Michelle Krall, Attorney-in-Fact
Stock symbol: DBI
Transactions as of: May 10, 2021
Transactions value $: $0
Form type: 4
Date filed: 5/12/2021, 08:58 AM
Next filing: Jun 1, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DBI	Class A Common Shares	Options Exercise	$0	+3.64K	+122.83%	$0.00	6.61K	May 10, 2021	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	DBI	Dividend Equivalent Rights	Options Exercise	$0	-292	-26.19%	$0.00	823	May 10, 2021	Class A Common Shares	292		Direct	F1
transaction	DBI	Restricted Stock Unit	Options Exercise	$0	-3.35K	-100%	$0.00^*	0	May 10, 2021	Class A Common Shares	3.35K		Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The dividend equivalent rights accrued on previously awarded restricted stock units (RSUs) and become exercisable proportionately with the RSUs to which they relate. Each dividend equivalent right is the economic equivalent of one share of Issuer's Class A common stock.
F2	Each restricted stock unit represents a contingent right to receive one share of Issuer's Class A common stock.