Roger Rawlins - Sep 8, 2022 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, 2022
Transactions value $: -$1,435,174
Form type: 4
Date filed: 9/12/2022, 04:16 PM
Previous filing: Jul 8, 2022
Next filing: Oct 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	+189K	+36.31%	$0.00	709K	Sep 8, 2022	Direct
transaction	DBI	Class A Common Shares	Tax liability	-$1.44M	-85.7K	-12.08%	$16.75	624K	Sep 8, 2022	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	-1.43K	-5.08%	$0.00	26.8K	Sep 8, 2022	Class A Common Shares	1.43K		Direct	F1
transaction	DBI	Restricted Stock Unit	Options Exercise	$0	-188K	-33.33%	$0.00	375K	Sep 8, 2022	Class A Common Shares	188K		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.