Roger Rawlins - 24 Mar 2023 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: 24 Mar 2023
Net transactions value: -$2,935,438
Form type: 4
Filing time: 27 Mar 2023, 17:06:40 UTC
Previous filing: 16 Mar 2023
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	+759,724	+122%	$0.000000	1,383,347	24 Mar 2023	Direct
transaction	DBI	Class A Common Shares	Tax liability	$2,935,438	-344,535	-25%	$8.52	1,038,812	24 Mar 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	-25,509	-61%	$0.000000	16,280	24 Mar 2023	Class A Common Shares	25,509		Direct	F1
transaction	DBI	Restricted Stock Unit	Options Exercise	$0	-734,215	-100%	$0.000000^*	0	24 Mar 2023	Class A Common Shares	734,215		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.