Deborah L. Ferree - Sep 8, 2023 Form 4 Insider Report for Designer Brands Inc. (DBI)

Role
Vice Chair, Chief Product Off
Signature
Michelle Krall, Attorney-in-Fact
Stock symbol
DBI
Transactions as of
Sep 8, 2023
Transactions value $
-$2,396,563
Form type
4
Date filed
9/12/2023, 04:41 PM
Previous filing
Jul 13, 2023
Next filing
Oct 17, 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 +103K +26.28% $0.00 493K Sep 8, 2023 Direct
transaction DBI Class A Common Shares Tax liability -$590K -46.6K -9.44% $12.66 447K Sep 8, 2023 Direct
transaction DBI Class A Common Shares Sale -$1.81M -150K -33.57% $12.05 297K Sep 8, 2023 Direct F1

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 -2.68K -18.96% $0.00 11.4K Sep 8, 2023 Class A Common Shares 2.68K Direct F2
transaction DBI Restricted Stock Unit Options Exercise $0 -100K -100% $0.00* 0 Sep 8, 2023 Class A Common Shares 100K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Price represents a weighted average of the sale price. Shares were sold at prices ranging from $12.00 to $12.61. Upon the request by the SEC staff, the Issuer, or a security holder of the Issuer, the reporting person will provide the full information about the number of shares sold at each separate price.
F2 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.
F3 Each restricted stock unit represents a contingent right to receive one share of Issuer's Class A common stock.
F4 Restricted stock unit vests one-third per year beginning on the first anniversary of the date of grant.