Deborah L. Ferree - Oct 13, 2023 Form 4 Insider Report for Designer Brands Inc. (DBI)

Signature
Michelle Krall, Attorney-in-Fact
Stock symbol
DBI
Transactions as of
Oct 13, 2023
Transactions value $
-$400,480
Form type
4
Date filed
10/17/2023, 04:36 PM
Previous filing
Sep 12, 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 Sale -$12K -1K -0.34% $12.00 296K Oct 13, 2023 Direct F1
transaction DBI Class A Common Shares Sale -$388K -32K -10.82% $12.14 264K Oct 16, 2023 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The reported sale of shares occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by Ms. Ferree on July 10, 2023.
F2 Price represents a weighted average of the sale price. Shares were sold at prices ranging from $12.00 to $12.29. 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.