Insider Transaction Report for Andrea O'Donnell

This filing details a transaction by Andrea O'Donnell, EVP & Brands President of Designer Brands Inc. The transaction, dated December 19, 2025, involves 2,180 Dividend Equivalent Rights, which are economically equivalent to Class A Common Shares. These rights accrued on previously awarded restricted stock units (RSUs) and became exercisable in proportion to the RSUs. The transaction code 'A' indicates acquisition, and the price per share was $0.00. Following this transaction, O'Donnell holds 23,098 shares. The filing was made on Form 4, with the signature date of December 23, 2025.