Mary Turner - 08 Sep 2023 Form 4 Insider Report for Designer Brands Inc. (DBI)

Role: EVP;Pres DesignerBrands Canada
Signature: Michelle Krall, Attorney-in-Fact
Issuer symbol: DBI
Transactions as of: 08 Sep 2023
Net transactions value: -$239,147
Form type: 4
Filing time: 12 Sep 2023, 16:41:10 UTC
Previous filing: 13 Jul 2023
Next filing: 19 Oct 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	+34,227	+207%	$0.000000	50,729	08 Sep 2023	Direct
transaction	DBI	Class A Common Shares	Sale	$239,147	-18,890	-37%	$12.66	31,839	08 Sep 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	-894	-48%	$0.000000	981	08 Sep 2023	Class A Common Shares	894		Direct	F1
transaction	DBI	Restricted Stock Unit	Options Exercise	$0	-33,333	-100%	$0.000000^*	0	08 Sep 2023	Class A Common Shares	33,333		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 unit vests one-third per year beginning on the first anniversary of the date of grant.