SCHOTTENSTEIN JAY L 4

What Happened
Jay L. Schottenstein, listed as a 10% owner of Designer Brands (DBI), was granted two awards of restricted stock units (RSUs) on 2026-03-11: 50,065 RSUs and 194,363 RSUs, for a total of 244,428 RSUs. Each unit was reported with a $0.00 acquisition price (these are derivative awards representing a contingent right to receive shares, not open-market purchases).

Key Details

• Transaction date(s): 2026-03-11; Form 4 filed 2026-03-13 (covers the 2026-03-11 report date).
• Grant details: 50,065 RSUs and 194,363 RSUs (total 244,428 RSUs), reported as acquisitions (code A) at $0.00.
• Security type: Derivative — restricted stock units (F1: each RSU = contingent right to one share of Issuer's Class A common stock).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Timeliness: Filing date is 2026-03-13 for a 2026-03-11 event; no late-filing flag indicated in the excerpt.

Context
RSUs are awards that vest or convert into actual shares under plan terms (vesting schedule and settlement not detailed here). This transaction is an award/grant (compensation-style acquisition), not an open-market buy or sale; as a 10% owner, Schottenstein is a large shareholder rather than necessarily an operating executive, so treat this as a reported equity award rather than a simple market signal.