Jay L. Schottenstein - 08 Sep 2023 Form 4 Insider Report for Designer Brands Inc. (DBI)

Role
Executive Chairman, Director, 10%+ Owner
Signature
Michelle Krall, Attorney-in-Fact
Issuer symbol
DBI
Transactions as of
08 Sep 2023
Net transactions value
-$1,098,141
Form type
4
Filing time
12 Sep 2023, 16:41:25 UTC
Previous filing
25 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 +213,910 +21% $0.000000 1,211,238 08 Sep 2023 Direct
transaction DBI Class A Common Shares Tax liability $1,098,141 -86,741 -7.2% $12.66 1,124,497 08 Sep 2023 Direct
holding DBI Class A Common Shares 1,864,597 08 Sep 2023 By Jubilee Limited Partnership
holding DBI Class A Common Shares 629,524 08 Sep 2023 By Schottenstein RVI, LLC
holding DBI Class A Common Shares 186,668 08 Sep 2023 By Trusts
holding DBI Class A Common Shares 1,273,099 08 Sep 2023 Schottenstein Realty LLC
holding DBI Class A Common Shares 236,528 08 Sep 2023 Schottenstein SEI, LLC

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 -5,576 -37% $0.000000 9,436 08 Sep 2023 Class A Common Shares 5,576 Direct F1
transaction DBI Restricted Stock Unit Options Exercise $0 -208,334 -100% $0.000000* 0 08 Sep 2023 Class A Common Shares 208,334 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.