X0508 4 2023-10-17 0001319947 Designer Brands Inc. DBI 0001331252 Ferree Deborah L 810 DSW DRIVE COLUMBUS OH 43219 1 Vice Chair, Chief Product Off 1 Class A Common Shares 2023-10-17 4 S 0 33000.0000 12.5200 D 230813.0000 D Dividend Equivalent Rights 2023-10-17 4 A 0 2377.0000 0.0000 A Class A Common Shares 2377.0000 13824.0000 D Price represents a weighted average of the sale price. Shares were sold at prices ranging from $12.25 to $12.70. Upon the request by the SEC staff, the Issuer, or a security holder of the Issuer, the reporting person will provide the full information about the number of shares sold at each separate price. The reported sale of shares occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by Ms. Ferree on July 10, 2023. 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. Michelle Krall, Attorney-in-Fact 2023-10-19