Designer Brands (DBI) insider reports 7,673 new dividend rights

Rhea-AI Filing Summary

Designer Brands Inc. insider Schottenstein Stores Corporation, which is listed as a director, 10% owner and executive chairman, reported receiving 7,673 dividend equivalent rights on 12/19/2025. These rights accrued on previously awarded restricted stock units and become exercisable in step with those RSUs. Each dividend equivalent right is the economic equivalent of one share of the company’s Class A common stock and carries an exercise price of $0.0000. Following this transaction, the reporting person holds 83,136 derivative securities related to Class A common shares, all reported as directly owned.

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 JAY L

(Last) (First) (Middle)

SCHOTTENSTEIN STORES CORPORATION

4300 E. FIFTH AVE.

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

3. Date of Earliest Transaction (Month/Day/Year)
12/19/2025

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)	12/19/2025		A		7,673		(1)	(1)	Class A Common Shares	7,673	$0.0000	83,136	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	12/23/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did Schottenstein Stores Corporation report for DBI?

Schottenstein Stores Corporation reported the acquisition of 7,673 dividend equivalent rights tied to Designer Brands Inc. Class A common stock on 12/19/2025.

What are the dividend equivalent rights reported for Designer Brands Inc. (DBI)?

The filing states that the dividend equivalent rights accrued on previously awarded RSUs and become exercisable proportionately with those RSUs. Each right is the economic equivalent of one Class A common share.

How many derivative securities does the insider hold after this DBI Form 4 transaction?

After the reported transaction, Schottenstein Stores Corporation beneficially owns 83,136 derivative securities related to Designer Brands Inc. Class A common shares.

What was the exercise price of the dividend equivalent rights for DBI?

The filing shows an exercise price of $0.0000 for the 7,673 dividend equivalent rights reported.

What is the reporting person’s relationship to Designer Brands Inc. (DBI)?

Schottenstein Stores Corporation is identified as a director, a 10% owner, and an officer of Designer Brands Inc., with the title Executive Chairman.

When was the earliest transaction date reported on this DBI Form 4?

The earliest transaction date disclosed is 12/19/2025, which is when the 7,673 dividend equivalent rights were acquired.

Who signed the Form 4 related to Designer Brands Inc. (DBI)?

The Form 4 was signed by Katherine Alfano as Attorney-in-Fact for the reporting person on 12/23/2025.