Designer Brands (DBI) director awarded 3,549 Class A Common Shares

Rhea-AI Filing Summary

Designer Brands Inc. director Joseph A. Schottenstein reported receiving 3,549 Class A Common Shares on January 30, 2026 at a price of $0.0000 per share, increasing his directly held shares to 288,642. He is also shown with 31,050 shares held indirectly by trusts and 1,273,099 shares held indirectly through Schottenstein Realty LLC, for which he disclaims beneficial ownership except to the extent of his pecuniary interest.

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

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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^*

Schottenstein Joseph A.

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
01/30/2026

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
Class A Common Shares	01/30/2026		A		3,549	A	$0.0000	288,642	D
Class A Common Shares								31,050	I	By Trusts(1)
Class A Common Shares								1,273,099	I	Schottenstein Realty LLC(1)

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

Explanation of Responses:

1. Mr. Schottenstein disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

	Katherine Alfano, Attorney-in-Fact	02/03/2026
	** 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).
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FAQ

What insider transaction did DBI director Joseph A. Schottenstein report?

DBI director Joseph A. Schottenstein reported acquiring 3,549 Class A Common Shares on January 30, 2026 at $0.0000 per share. This transaction increased his directly held position in Designer Brands Inc. to 288,642 Class A Common Shares according to the Form 4 filing.

How many Designer Brands (DBI) shares does Joseph A. Schottenstein own directly and indirectly?

After the reported transaction, he directly holds 288,642 Class A Common Shares of DBI. The filing also lists 31,050 shares held indirectly by trusts and 1,273,099 shares held indirectly through Schottenstein Realty LLC, with beneficial ownership disclaimed except for his pecuniary interest.

What was the price of the DBI shares acquired by Joseph A. Schottenstein?

The 3,549 Class A Common Shares acquired by Joseph A. Schottenstein were reported at a price of $0.0000 per share. This indicates a no-cash award, such as a grant, under the company’s compensation or equity arrangements as reflected in the Form 4.

What roles does Joseph A. Schottenstein hold at Designer Brands Inc. (DBI)?

The Form 4 identifies Joseph A. Schottenstein as a director of Designer Brands Inc. only. He is not listed as an officer or 10% owner in the relationship section, though substantial indirect holdings are reported with a disclaimer of beneficial ownership.

How are trust and LLC-held DBI shares attributed to Joseph A. Schottenstein?

The filing shows 31,050 DBI Class A shares held indirectly by trusts and 1,273,099 shares held indirectly by Schottenstein Realty LLC. A footnote states he disclaims beneficial ownership of such shares except to the extent of his pecuniary interest in those entities.

Does the DBI Form 4 indicate a change in Joseph A. Schottenstein’s indirect holdings?

The Form 4 primarily reports a direct acquisition of 3,549 shares, listing updated indirect totals of 31,050 shares by trusts and 1,273,099 shares via Schottenstein Realty LLC. These indirect positions are shown with a beneficial ownership disclaimer tied to his pecuniary interest.