Designer Brands director receives 1,967 stock units

Designer Brands Inc. director Peter Cobb received a grant of 1,967 stock units representing dividend equivalent rights on previously awarded stock units.

Rhea-AI Filing Summary

Designer Brands Inc. director Peter Cobb received a grant of 1,967 stock units representing dividend equivalent rights on previously awarded stock units. Each stock unit is a contingent right to receive one Class A common share, vests on the grant date, and will convert into an equal number of Class A shares upon his termination of service from the Board. Following this award, Cobb holds a total of 220,307 stock units, including accrued dividend equivalent rights.

Insider Trade Summary

Grant/Award: 1,967 shares

Grant/Award 1 txn

Insider Cobb Peter

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Stock Unit F1, F2, F3, F4	1,967	$0.00	$0.00

Holdings After Transaction: Stock Unit — 220,307 contracts (Direct)

Footnotes (4)

1. F1. Each stock unit represents a contingent right to receive one share of the Issuer's Class A common stock.
2. F2. Shares represent dividend equivalent rights accrued on previously awarded stock units.
3. F3. The stock unit becomes vested upon the date of grant and will be converted to an equal number of shares of Issuer's Class A common stock upon Insider's termination of service from the Board of Directors.
4. F4. Total includes accrued dividend equivalent rights.

Key Figures

Stock units granted: 1,967 stock units Transaction price per unit: $0.0000 Total stock units after transaction: 220,307 stock units +1 more

4 metrics

Stock units granted 1,967 stock units Grant of dividend equivalent rights on previously awarded stock units

Transaction price per unit $0.0000 Price per stock unit for the grant to Peter Cobb

Total stock units after transaction 220,307 stock units Peter Cobb’s holdings following the grant, including accrued dividend equivalent rights

Underlying security shares 1,967 Class A common shares Number of Class A shares underlying the granted stock units

Key Terms

stock unit, dividend equivalent rights, Class A common stock, contingent right

4 terms

stock unit financial

"Each stock unit represents a contingent right to receive one share"

dividend equivalent rights financial

"Shares represent dividend equivalent rights accrued on previously awarded stock units"

Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.

Class A common stock financial

"receive one share of the Issuer's Class A common stock"

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

contingent right financial

"Each stock unit represents a contingent right to receive one share"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Designer Brands (DBI) director Peter Cobb report in this Form 4?

Peter Cobb reported a grant of 1,967 stock units, representing dividend equivalent rights on previously awarded stock units, which will settle in Class A common shares upon his Board service termination.

How many stock units does Peter Cobb hold in Designer Brands (DBI) after this transaction?

After the reported grant, Peter Cobb holds a total of 220,307 stock units. This total explicitly includes accrued dividend equivalent rights associated with his prior stock unit awards.

What does each stock unit granted to Peter Cobb by Designer Brands (DBI) represent?

Each stock unit represents a contingent right to receive one share of Designer Brands’ Class A common stock, subject to terms including conversion upon his termination of service from the Board.

When do Peter Cobb’s newly granted stock units in Designer Brands (DBI) vest and convert?

The stock units become vested on the grant date and will be converted into an equal number of Class A common shares upon Peter Cobb’s termination of service from the Board of Directors.

What is the price per share for Peter Cobb’s 1,967 Designer Brands (DBI) stock units?

The reported transaction price per stock unit is $0.0000, indicating the award is part of compensation rather than an open-market purchase of Designer Brands Class A common shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/10/2026 - 03:05 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a 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). See Instruction 10.

1. Name and Address of Reporting Person^*

Cobb Peter

(Last) (First) (Middle)

810 DSW DRIVE

(Street)

COLUMBUS OHIO 43219

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Designer Brands Inc. [ DBI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/08/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Unit	(1)	07/08/2026		A		1,967(2)		(3)	(3)	Class A Common Shares	1,967	$0.0000	220,307(4)	D

Explanation of Responses:

1. Each stock unit represents a contingent right to receive one share of the Issuer's Class A common stock.

2. Shares represent dividend equivalent rights accrued on previously awarded stock units.

3. The stock unit becomes vested upon the date of grant and will be converted to an equal number of shares of Issuer's Class A common stock upon Insider's termination of service from the Board of Directors.

4. Total includes accrued dividend equivalent rights.

	Katherine Alfano, Attorney-in-Fact	07/10/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)