Insider Transaction Report - Designer Brands Inc.

Joanna T. Lau, a director at Designer Brands Inc. (DBI), reported a transaction on December 19, 2025. Lau acquired 840 stock units, with each unit representing a contingent right to one share of Class A common stock. The acquisition was made at a price of $0.00 per share, with the shares representing dividend equivalent rights accrued on previously awarded stock units. Following this transaction, Lau holds a total of 129,310 shares. This acquisition is part of a larger accumulation that includes stock units acquired through a special dividend and accrued dividend equivalents. The stock units vest immediately and will convert to Class A common shares upon Lau's termination of service from the Board of Directors.