Designer Brands director acquires 2,427 stock units

The award becomes vested on its grant date, with the stock units converting into an equal number of Class A common shares when board service ends.

Rhea-AI Filing Summary

Designer Brands Inc. director Elaine J. Eisenman acquired 2,427 stock units on October 7, 2026; the units represent dividend equivalent rights accrued on previously awarded stock units. Her reported direct position following the transaction was 288,264 stock units, including accrued dividend equivalent rights.

Insider Trade Summary

Grant/Award: 2,427 shares

Grant/Award 1 txn

Insider EISENMAN ELAINE J

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Stock Unit F1, F2, F3, F4	2,427	$0.00	$0.00

Holdings After Transaction: Stock Unit — 288,264 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 acquired: 2,427 stock units Direct stock-unit position: 288,264 stock units Underlying share entitlement: 1 share per stock unit

3 metrics

Stock units acquired 2,427 stock units October 7, 2026; dividend equivalent rights accrued on previously awarded stock units

Direct stock-unit position 288,264 stock units Following the transaction; includes accrued dividend equivalent rights

Underlying share entitlement 1 share per stock unit Each unit represents a contingent right to receive a Class A common share

Key Terms

stock unit, dividend equivalent rights, contingent right, vested

4 terms

stock unit financial

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

dividend equivalent rights financial

"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.

contingent right financial

"a contingent right to receive one share"

vested financial

"becomes vested upon the date of grant"

FAQ

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

How many stock units did a DBI director acquire?

Director Elaine J. Eisenman acquired 2,427 stock units on October 7, 2026. The units represent dividend equivalent rights accrued on stock units awarded previously.

When do DBI stock units vest and convert to shares?

The stock units become vested on the date of grant and convert into an equal number of Designer Brands Inc. Class A common shares upon Elaine J. Eisenman’s termination of service from the Board of Directors.

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

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Available on EDGAR 10/09/2026 - 02:47 PM EDT Accepted by SEC EDGAR 10/09/2026 - 02:46 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^*

EISENMAN ELAINE J

(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)
10/07/2026

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)	10/07/2026		A		2,427(2)		(3)	(3)	Class A Common Shares	2,427	$0.0000	288,264(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.

	Lisa Yerrace, Attorney-in-Fact	10/09/2026
	** 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)