Form 4 Filing for Designer Brands Inc. - Insider Transaction

This Form 4 filing details a transaction by Deborah L. Ferree, V. Chair and Chief Product Officer of Designer Brands Inc. On December 19, 2025, Ms. Ferree acquired 5,010 Dividend Equivalent Rights, which are economically equivalent to Class A common shares. These rights accrued on previously awarded restricted stock units (RSUs) and become exercisable proportionally with the RSUs. The transaction involved no cost, with a price per share of $0.00. Following this acquisition, Ms. Ferree holds 57,076 shares. The filing also notes that the exercise and expiration dates for these rights are tied to the associated RSUs.