Roger Rawlins - 08 Sep 2022 Form 4 Insider Report for Designer Brands Inc. (DBI)

Role: Chief Executive Officer, Director
Signature: Michelle Krall, Attorney-in-Fact
Issuer symbol: DBI
Transactions as of: 08 Sep 2022
Net transactions value: -$1,435,174
Form type: 4
Filing time: 12 Sep 2022, 16:16:18 UTC
Previous filing: 08 Jul 2022
Next filing: 11 Oct 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DBI	Class A Common Shares	Options Exercise	$0	+188,934	+36%	$0.000000	709,305	08 Sep 2022	Direct
transaction	DBI	Class A Common Shares	Tax liability	$1,435,174	-85,682	-12%	$16.75	623,623	08 Sep 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	-1,434	-5.1%	$0.000000	26,773	08 Sep 2022	Class A Common Shares	1,434		Direct	F1
transaction	DBI	Restricted Stock Unit	Options Exercise	$0	-187,500	-33%	$0.000000	375,000	08 Sep 2022	Class A Common Shares	187,500		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.