Roger Rawlins - Mar 24, 2023 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: Mar 24, 2023
Transactions value $: -$2,935,438
Form type: 4
Date filed: 3/27/2023, 05:06 PM
Previous filing: Mar 16, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DBI	Class A Common Shares	Options Exercise	$0	+760K	+121.82%	$0.00	1.38M	Mar 24, 2023	Direct
transaction	DBI	Class A Common Shares	Tax liability	-$2.94M	-345K	-24.91%	$8.52	1.04M	Mar 24, 2023	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	-25.5K	-61.04%	$0.00	16.3K	Mar 24, 2023	Class A Common Shares	25.5K		Direct	F1
transaction	DBI	Restricted Stock Unit	Options Exercise	$0	-734K	-100%	$0.00^*	0	Mar 24, 2023	Class A Common Shares	734K		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.