Roger Rawlins - Sep 8, 2021 Form 4 Insider Report for Designer Brands Inc. (DBI)

Role: Chief Executive Officer, Director
Signature: Michelle Krall, Attorney-in-Fact
Stock symbol: DBI
Transactions as of: Sep 8, 2021
Transactions value $: -$1,148,911
Form type: 4
Date filed: 9/10/2021, 11:35 AM
Next filing: Mar 11, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DBI	Class A Common Shares	Options Exercise	$0	+188K	+63.18%	$0.00	484K	Sep 8, 2021	Direct
transaction	DBI	Class A Common Shares	Tax liability	-$1.15M	-86.9K	-17.95%	$13.22	397K	Sep 8, 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	Restricted Stock Unit	Options Exercise	$0	-188K	-25%	$0.00	563K	Sep 8, 2021	Class A Common Shares	188K		Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Each restricted stock unit represents a contingent right to receive one share of Issuer's Class A common stock.
F2	Restricted stock units vest 25% on the first and second anniversaries of the date of grant and 50% on the third anniversary of the date of grant.