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

Signature
Michelle Krall, Attorney-in-Fact
Stock symbol
DBI
Transactions as of
Dec 4, 2023
Transactions value $
-$427,720
Form type
4
Date filed
12/5/2023, 11:57 AM
Previous filing
Oct 19, 2023
Next filing
Dec 18, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DBI Class A Common Shares Sale -$428K -34K -14.73% $12.58 197K Dec 4, 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 Price represents a weighted average of the sale price. Shares were sold at prices ranging from $12.50 to $12.73. 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 reported sale of shares occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by Ms. Ferree on July 10, 2023.