Mark Haley - Sep 12, 2021 Form 4 Insider Report for Designer Brands Inc. (DBI)

Role: SVP, Controller and PAO
Signature: Michelle Krall, Attorney-in-Fact
Stock symbol: DBI
Transactions as of: Sep 12, 2021
Transactions value $: -$6,586
Form type: 4
Date filed: 9/14/2021, 03:10 PM
Next filing: Mar 28, 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	+1.75K	+19.59%	$0.00	10.7K	Sep 12, 2021	Direct
transaction	DBI	Class A Common Shares	Tax liability	-$6.59K	-532	-4.99%	$12.38	10.1K	Sep 12, 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	-150	-12.08%	$0.00	1.09K	Sep 12, 2021	Class A Common Shares	150		Direct	F1
transaction	DBI	Restricted Stock Unit	Options Exercise	$0	-1.6K	-100%	$0.00^*	0	Sep 12, 2021	Class A Common Shares	1.6K		Direct	F2, F3

* 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.
F3	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.