Jay L. Schottenstein Insider Transaction - Designer Brands Inc.

Jay L. Schottenstein, Executive Chairman and 10% owner of Designer Brands Inc. (DBI), reported a transaction on December 19, 2025. The transaction involved the acquisition of 7,673 Dividend Equivalent Rights (DERs) with a transaction price of $0.00. These DERs are economically equivalent to Class A common shares. The DERs accrued on previously awarded restricted stock units (RSUs) and become exercisable proportionately with the RSUs. Post-transaction, Mr. Schottenstein owns 83,136 shares. This filing is Form 4, indicating a change in beneficial ownership.