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

Role
Executive Chairman, Director, 10%+ Owner
Signature
Michelle Krall, Attorney-in-Fact
Stock symbol
DBI
Transactions as of
Sep 8, 2023
Transactions value $
-$1,098,141
Form type
4
Date filed
9/12/2023, 04:41 PM
Previous filing
Jul 25, 2023
Next filing
Oct 19, 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 +214K +21.45% $0.00 1.21M Sep 8, 2023 Direct
transaction DBI Class A Common Shares Tax liability -$1.1M -86.7K -7.16% $12.66 1.12M Sep 8, 2023 Direct
holding DBI Class A Common Shares 1.86M Sep 8, 2023 By Jubilee Limited Partnership
holding DBI Class A Common Shares 630K Sep 8, 2023 By Schottenstein RVI, LLC
holding DBI Class A Common Shares 187K Sep 8, 2023 By Trusts
holding DBI Class A Common Shares 1.27M Sep 8, 2023 Schottenstein Realty LLC
holding DBI Class A Common Shares 237K Sep 8, 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 -5.58K -37.14% $0.00 9.44K Sep 8, 2023 Class A Common Shares 5.58K Direct F1
transaction DBI Restricted Stock Unit Options Exercise $0 -208K -100% $0.00* 0 Sep 8, 2023 Class A Common Shares 208K 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.