Designer Brands (DBI) officer awarded 8,302 dividend equivalents

Designer Brands Inc. (DBI) reported an insider transaction by an officer, who acquired 8,302 dividend equivalent rights on October 17, 2025.

Rhea-AI Filing Summary

Designer Brands Inc. (DBI) reported an insider transaction by an officer, who acquired 8,302 dividend equivalent rights on October 17, 2025. Each right is economically equivalent to one share of Class A common stock and accrued on previously awarded RSUs; they become exercisable proportionately with the related RSUs.

Following the transaction, the reporting person beneficially owned 28,732 derivative securities on a direct basis. The officer’s title is listed as EVP; President, DSW Designer Shoe Warehouse.

Insider Trade Summary

Grant/Award: 8,302 shares

Grant/Award 1 txn

Insider Davis Laura

Role EVP;Pres DSW Designer ShoeWhse

Type	Security	Shares	Price	Value
Grant/Award	Dividend Equivalent Rights	8,302	$0.00	$0.00

Holdings After Transaction: Dividend Equivalent Rights — 28,732 contracts (Direct)

Footnotes (1)

1. 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.

FAQ

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

What did DBI disclose in this Form 4 filing?

An officer acquired 8,302 dividend equivalent rights on October 17, 2025 tied to previously awarded RSUs.

How many derivative securities does the insider own after the transaction?

The filing shows 28,732 derivative securities beneficially owned directly after the reported transaction.

What are dividend equivalent rights (DERs) in this context?

Each DER is the economic equivalent of one Class A common share and accrues on RSUs, becoming exercisable proportionately with them.

What class of securities underlies the DERs reported by DBI?

The derivative rights correspond to Class A common shares of Designer Brands Inc.

What is the insider’s role at Designer Brands (DBI)?

The reporting person is listed as EVP; President, DSW Designer Shoe Warehouse.

What was the price for the dividend equivalent rights?

The filing lists a price of $0.0000 for the derivative security.

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

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Accepted by SEC EDGAR 10/21/2025 - 04:39 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^*

Davis Laura

(Last) (First) (Middle)

810 DSW DRIVE

(Street)

COLUMBUS OH 43219

(City) (State) (Zip)

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

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP;Pres DSW Designer ShoeWhse

3. Date of Earliest Transaction (Month/Day/Year)
10/17/2025

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

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

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

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
Dividend Equivalent Rights	(1)	10/17/2025		A		8,302		(1)	(1)	Class A Common Shares	8,302	$0.0000	28,732	D

Explanation of Responses:

1. 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.

	Katherine Alfano, Attorney-in-Fact	10/21/2025
	** 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.