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NYSE · USD

DBI

Designer Brands Inc.

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Tapewire entity
6081
SEC CIK
0001319947
Parsed reports
1,007

Last 12 months

Inside the activity.

0 purchase rows · 6 sale rows

Disclosed non-derivative P/S rows, by transaction month. Includes amendments and private transactions.
Monthly counts
MonthPurchasesSales
Nov 202500
Dec 202502
Jan 202600
Feb 202600
Mar 202600
Apr 202600
May 202600
Jun 202601
Jul 202600
Aug 202600
Sep 202603
Oct 202600

Latest available

Insider transactions

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Purchases/sales include open-market and private transactions. Plan disclosure applies to the filing; individual rows may differ. “Not disclosed” is not “unplanned.”

The cutoff filters transaction history only. Company summaries and owner relationships show the latest available disclosures. Parser corrections can improve historical records.

Transaction dateOwner / reported roleActivity / securityShares / unitsReported priceReported valueDetails
May 30, 2025 Filed Jun 2, 2025 21:59 UTC
HOWE DOUGLAS M.Director · CEO
Exercise / conversionRestricted Stock Unit · Derivative 135,222 $0.00 $0.00
Disclosure

SEC source: 0001225208-25-005655 · doc4.xml · derivative · entry 4

HOWE DOUGLAS M. · CIK 0001741079 · Director · CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

Underlying: Class A Common Shares · 135,222 shares

Expires 2025-05-30

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of Issuer's Class A common stock.

F3 · derivative.exercise_date: Restricted stock unit vests one-third per year beginning on the first anniversary of the date of grant.

Read SEC document
May 30, 2025 Filed Jun 2, 2025 21:59 UTC
HOWE DOUGLAS M.Director · CEO
Exercise / conversionDividend Equivalent Rights · Derivative 21,375 $0.00 $0.00
Disclosure

SEC source: 0001225208-25-005655 · doc4.xml · derivative · entry 3

HOWE DOUGLAS M. · CIK 0001741079 · Director · CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 47,243

Underlying: Class A Common Shares · 21,375 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: 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.

F1 · derivative.exercise_date: 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.

F1 · derivative.expiration_date: 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.

Read SEC document
May 30, 2025 Filed Jun 2, 2025 21:59 UTC
HOWE DOUGLAS M.Director · CEO
Tax withholdingClass A Common Shares 133,349 $3.60 $480,056.40
Disclosure

SEC source: 0001225208-25-005655 · doc4.xml · nonDerivative · entry 2

HOWE DOUGLAS M. · CIK 0001741079 · Director · CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 342,431

Read SEC document
May 30, 2025 Filed Jun 2, 2025 21:59 UTC
HOWE DOUGLAS M.Director · CEO
Exercise / conversionClass A Common Shares 289,256 $0.00 $0.00
Disclosure

SEC source: 0001225208-25-005655 · doc4.xml · nonDerivative · entry 1

HOWE DOUGLAS M. · CIK 0001741079 · Director · CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 475,780

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
May 02, 2025 Filed May 5, 2025 21:19 UTC GrantClass A Common Shares 7,426 $0.00 $0.00
Disclosure

SEC source: 0001225208-25-004728 · doc4.xml · nonDerivative · entry 1

Schottenstein Joseph A. · CIK 0001520448 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 197,838

Read SEC document
April 11, 2025 Filed Apr 15, 2025 20:44 UTC
SCHOTTENSTEIN JAY LDirector · Executive Chairman · 10% owner
GrantDividend Equivalent Rights · Derivative 18,815 $0.00 $0.00
Disclosure

SEC source: 0001225208-25-004247 · doc4.xml · derivative · entry 1

SCHOTTENSTEIN JAY L · CIK 0001031000 · Director · Executive Chairman · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 33,538

Underlying: Class A Common Shares · 18,815 shares

Expires not disclosed

F1 · derivative.exercise_price: 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.

F1 · derivative.exercise_date: 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.

F1 · derivative.expiration_date: 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.

Read SEC document
April 11, 2025 Filed Apr 15, 2025 20:43 UTC GrantStock Unit · Derivative 318 $0.00 $0.00
Disclosure

SEC source: 0001225208-25-004234 · doc4.xml · derivative · entry 1

Atkinson John W. · CIK 0002031960 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 19,094

Underlying: Class A Common Shares · 318 shares

Expires not disclosed

F1 · derivative.exercise_price: Each stock unit represents a contingent right to receive one share of the Issuer's Class A common stock.

F2 · shares: Shares represent dividend equivalent rights accrued on previously awarded stock units.

F3 · derivative.exercise_date: The stock unit becomes vested upon the date of grant and will be converted to an equal number of shares of Issuer's Class A common stock upon Insider's termination of service from the Board of Directors.

F3 · derivative.expiration_date: The stock unit becomes vested upon the date of grant and will be converted to an equal number of shares of Issuer's Class A common stock upon Insider's termination of service from the Board of Directors.

F4 · balance_after: Total includes accrued dividend equivalent rights.

Read SEC document
April 11, 2025 Filed Apr 15, 2025 20:43 UTC
Davis LauraEVP;Pres DSW Designer ShoeWhse
GrantDividend Equivalent Rights · Derivative 6,158 $0.00 $0.00
Disclosure

SEC source: 0001225208-25-004241 · doc4.xml · derivative · entry 1

Davis Laura · CIK 0001984529 · EVP;Pres DSW Designer ShoeWhse

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 12,327

Underlying: Class A Common Shares · 6,158 shares

Expires not disclosed

F1 · derivative.exercise_price: 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.

F1 · derivative.exercise_date: 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.

F1 · derivative.expiration_date: 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.

Read SEC document
April 11, 2025 Filed Apr 15, 2025 16:44 UTC
Turner MaryEVP;Pres DesignerBrands Canada
GrantDividend Equivalent Rights · Derivative 1,903 $0.00 $0.00
Disclosure

SEC source: 0001225208-25-004248 · doc4.xml · derivative · entry 1

Turner Mary · CIK 0001805602 · EVP;Pres DesignerBrands Canada

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 3,082

Underlying: Class A Common Shares · 1,903 shares

Expires not disclosed

F1 · derivative.exercise_price: 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.

F1 · derivative.exercise_date: 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.

F1 · derivative.expiration_date: 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.

Read SEC document
April 11, 2025 Filed Apr 15, 2025 20:43 UTC
HOWE DOUGLAS M.Director · CEO
GrantDividend Equivalent Rights · Derivative 30,683 $0.00 $0.00
Disclosure

SEC source: 0001225208-25-004244 · doc4.xml · derivative · entry 1

HOWE DOUGLAS M. · CIK 0001741079 · Director · CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 68,618

Underlying: Class A Common Shares · 30,683 shares

Expires not disclosed

F1 · derivative.exercise_price: 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.

F1 · derivative.exercise_date: 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.

F1 · derivative.expiration_date: 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.

Read SEC document
April 11, 2025 Filed Apr 15, 2025 20:43 UTC
Zaiac JoanneDirector
GrantStock Unit · Derivative 788 $0.00 $0.00
Disclosure

SEC source: 0001225208-25-004240 · doc4.xml · derivative · entry 1

Zaiac Joanne · CIK 0001685159 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 47,289

Underlying: Class A Common Shares · 788 shares

Expires not disclosed

F1 · derivative.exercise_price: Each stock unit represents a contingent right to receive one share of the Issuer's Class A common stock.

F2 · shares: Shares represent dividend equivalent rights accrued on previously awarded stock units.

F3 · derivative.exercise_date: The stock unit becomes vested upon the date of grant and will be converted to an equal number of shares of Issuer's Class A common stock upon Insider's termination of service from the Board of Directors.

F3 · derivative.expiration_date: The stock unit becomes vested upon the date of grant and will be converted to an equal number of shares of Issuer's Class A common stock upon Insider's termination of service from the Board of Directors.

F4 · balance_after: Total includes accrued dividend equivalent rights.

Read SEC document
April 11, 2025 Filed Apr 15, 2025 16:43 UTC
Poff Jared A.EVP, CFO & CAO
GrantDividend Equivalent Rights · Derivative 5,406 $0.00 $0.00
Disclosure

SEC source: 0001225208-25-004246 · doc4.xml · derivative · entry 1

Poff Jared A. · CIK 0001676475 · EVP, CFO & CAO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 9,983

Underlying: Class A Common Shares · 5,406 shares

Expires not disclosed

F1 · derivative.exercise_price: 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.

F1 · derivative.exercise_date: 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.

F1 · derivative.expiration_date: 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.

Read SEC document
April 11, 2025 Filed Apr 15, 2025 20:43 UTC GrantStock Unit · Derivative 2,887 $0.00 $0.00
Disclosure

SEC source: 0001225208-25-004236 · doc4.xml · derivative · entry 1

EISENMAN ELAINE J · CIK 0001209154 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 173,302

Underlying: Class A Common Shares · 2,887 shares

Expires not disclosed

F1 · derivative.exercise_price: Each stock unit represents a contingent right to receive one share of the Issuer's Class A common stock.

F2 · shares: Shares represent dividend equivalent rights accrued on previously awarded stock units.

F3 · derivative.exercise_date: The stock unit becomes vested upon the date of grant and will be converted to an equal number of shares of Issuer's Class A common stock upon Insider's termination of service from the Board of Directors.

F3 · derivative.expiration_date: The stock unit becomes vested upon the date of grant and will be converted to an equal number of shares of Issuer's Class A common stock upon Insider's termination of service from the Board of Directors.

F4 · balance_after: Total includes accrued dividend equivalent rights.

Read SEC document
April 11, 2025 Filed Apr 15, 2025 22:33 UTC GrantStock Unit · Derivative 3,350 $0.00 $0.00
Disclosure

SEC source: 0001225208-25-004256 · doc4.xml · derivative · entry 1

TANENBAUM ALLAN J · CIK 0001208385 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 200,986

Underlying: Class A Common Shares · 3,350 shares

Expires not disclosed

F1 · derivative.exercise_price: Each stock unit represents a contingent right to receive one share of the Issuer's Class A common stock.

F2 · shares: Shares represent dividend equivalent rights accrued on previously awarded stock units.

F3 · derivative.exercise_date: The stock unit becomes vested upon the date of grant and will be converted to an equal number of shares of Issuer's Class A common stock upon Insider's termination of service from the Board of Directors.

F3 · derivative.expiration_date: The stock unit becomes vested upon the date of grant and will be converted to an equal number of shares of Issuer's Class A common stock upon Insider's termination of service from the Board of Directors.

F4 · balance_after: Total includes accrued dividend equivalent rights.

Read SEC document
April 11, 2025 Filed Apr 15, 2025 20:43 UTC
LAU JOANNA TDirector
GrantStock Unit · Derivative 884 $0.00 $0.00
Disclosure

SEC source: 0001225208-25-004237 · doc4.xml · derivative · entry 1

LAU JOANNA T · CIK 0001204831 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 53,054

Underlying: Class A Common Shares · 884 shares

Expires not disclosed

F1 · derivative.exercise_price: Each stock unit represents a contingent right to receive one share of the Issuer's Class A common stock.

F2 · shares: Shares represent dividend equivalent rights accrued on previously awarded stock units.

F3 · derivative.exercise_date: The stock unit becomes vested upon the date of grant and will be converted to an equal number of shares of Issuer's Class A common stock upon Insider's termination of service from the Board of Directors.

F3 · derivative.expiration_date: The stock unit becomes vested upon the date of grant and will be converted to an equal number of shares of Issuer's Class A common stock upon Insider's termination of service from the Board of Directors.

F4 · balance_after: Total includes accrued dividend equivalent rights.

Read SEC document
April 11, 2025 Filed Apr 15, 2025 20:43 UTC GrantStock Unit · Derivative 1,071 $0.00 $0.00
Disclosure

SEC source: 0001225208-25-004238 · doc4.xml · derivative · entry 1

SONNENBERG HARVEY L · CIK 0001195384 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 64,269

Underlying: Class A Common Shares · 1,071 shares

Expires not disclosed

F1 · derivative.exercise_price: Each stock unit represents a contingent right to receive one share of the Issuer's Class A common stock.

F2 · shares: Shares represent dividend equivalent rights accrued on previously awarded stock units.

F3 · derivative.exercise_date: The stock unit becomes vested upon the date of grant and will be converted to an equal number of shares of Issuer's Class A common stock upon Insider's termination of service from the Board of Directors.

F3 · derivative.expiration_date: The stock unit becomes vested upon the date of grant and will be converted to an equal number of shares of Issuer's Class A common stock upon Insider's termination of service from the Board of Directors.

F4 · balance_after: Total includes accrued dividend equivalent rights.

Read SEC document
April 11, 2025 Filed Apr 15, 2025 20:43 UTC
Haley MarkSVP, Controller and PAO
GrantDividend Equivalent Rights · Derivative 1,783 $0.00 $0.00
Disclosure

SEC source: 0001225208-25-004243 · doc4.xml · derivative · entry 1

Haley Mark · CIK 0001533646 · SVP, Controller and PAO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 3,749

Underlying: Class A Common Shares · 1,783 shares

Expires not disclosed

F1 · derivative.exercise_price: 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.

F1 · derivative.exercise_date: 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.

F1 · derivative.expiration_date: 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.

Read SEC document
April 11, 2025 Filed Apr 15, 2025 20:43 UTC
O'Donnell AndreaEVP & Brands President
GrantDividend Equivalent Rights · Derivative 5,343 $0.00 $0.00
Disclosure

SEC source: 0001225208-25-004245 · doc4.xml · derivative · entry 1

O'Donnell Andrea · CIK 0001677396 · EVP & Brands President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 9,011

Underlying: Class A Common Shares · 5,343 shares

Expires not disclosed

F1 · derivative.exercise_price: 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.

F1 · derivative.exercise_date: 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.

F1 · derivative.expiration_date: 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.

Read SEC document
April 11, 2025 Filed Apr 15, 2025 20:43 UTC
Ferree Deborah LV. Chair; Ch Product Off
GrantDividend Equivalent Rights · Derivative 12,286 $0.00 $0.00
Disclosure

SEC source: 0001225208-25-004242 · doc4.xml · derivative · entry 1

Ferree Deborah L · CIK 0001331252 · V. Chair; Ch Product Off

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 24,691

Underlying: Class A Common Shares · 12,286 shares

Expires not disclosed

F1 · derivative.exercise_price: 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.

F1 · derivative.exercise_date: 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.

F1 · derivative.expiration_date: 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.

Read SEC document
April 11, 2025 Filed Apr 15, 2025 20:43 UTC
Cobb PeterDirector
GrantStock Unit · Derivative 1,859 $0.00 $0.00
Disclosure

SEC source: 0001225208-25-004235 · doc4.xml · derivative · entry 1

Cobb Peter · CIK 0001713337 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 111,550

Underlying: Class A Common Shares · 1,859 shares

Expires not disclosed

F1 · derivative.exercise_price: Each stock unit represents a contingent right to receive one share of the Issuer's Class A common stock.

F2 · shares: Shares represent dividend equivalent rights accrued on previously awarded stock units.

F3 · derivative.exercise_date: The stock unit becomes vested upon the date of grant and will be converted to an equal number of shares of Issuer's Class A common stock upon Insider's termination of service from the Board of Directors.

F3 · derivative.expiration_date: The stock unit becomes vested upon the date of grant and will be converted to an equal number of shares of Issuer's Class A common stock upon Insider's termination of service from the Board of Directors.

F4 · balance_after: Total includes accrued dividend equivalent rights.

Read SEC document
April 08, 2025 Filed Apr 9, 2025 16:58 UTC
Turner MaryEVP;Pres DesignerBrands Canada
SaleClass A Common Shares 24,543 $2.94 $72,232.50
Disclosure

SEC source: 0001225208-25-004186 · doc4.xml · nonDerivative · entry 1

Turner Mary · CIK 0001805602 · EVP;Pres DesignerBrands Canada

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 15,839

F1 · price: Price represents a weighted average of the sale price. Shares were sold at prices ranging from $2.89 to $3.02. 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.

Read SEC document
April 04, 2025 Filed Apr 9, 2025 01:30 UTC
Cohen Mark A.Member of a 10% Group
PurchaseCall Option (right to buy) · Derivative 15,000 $0.34 Strike: $10.00 $5,100.00
Disclosure

SEC source: 0000950170-25-052295 · ownership.xml · derivative · entry 2

Stone House Capital Management, LLC · CIK 0001589943 · Member of a 10% Group

SH Capital Partners, L.P. · CIK 0001497279 · 10% owner

Cohen Mark Alexander · CIK 0001591240 · Member of a 10% Group

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · See Footnotes

Disclosed balance after: 15,000

Underlying: Class A Common Shares, without par value · 1,500,000 shares

Expires 2027-01-15

F4 · price: The transaction was executed in multiple trades in prices ranging from $0.30 to $0.35, inclusive. The price reported in Column 8 above reflects the weighted average sale price. The reporting persons undertake to provide, upon request by the Issuer, any security holder of the Issuer or the staff of the U.S. Securities and Exchange Commission, full information regarding the number of call options acquired at each respective price within the range set forth in this footnote.

F1 · ownership.nature: This statement is jointly filed by and on behalf of each of Stone House Capital Management, LLC ("Stone House"), SH Capital Partners, L.P. ("Partners") and Mark Cohen. Partners is the record and direct beneficial owner of the securities covered by this statement. Stone House is the general partner and investment manager of, and may be deemed to beneficially own securities owned by, Partners. Mr. Cohen is the managing member of, and may be deemed to beneficially own securities owned by, Stone House.

F2 · ownership.nature: Each reporting person states that neither the filing of this statement nor anything herein shall be deemed an admission that such person is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Act") or otherwise, the beneficial owner of any securities covered by this statement. Each reporting person disclaims beneficial ownership of the securities covered by this statement, except to the extent of the pecuniary interest of such person in such securities.

F3 · ownership.nature: Each reporting person may be deemed to be a member of a group with respect to Designer Brands Inc. (the "Issuer") or securities of the Issuer for purposes of Section 13(d) or 13(g) of the Act. Each reporting person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) or 13(g) of the Act or any other purpose, a member of a group with respect to the Issuer or securities of the Issuer.

Read SEC document
March 27, 2025 Filed Mar 31, 2025 20:04 UTC
SCHOTTENSTEIN JAY LDirector · Executive Chairman · 10% owner
GrantRestricted Stock Unit · Derivative 656,565 $0.00 $0.00
Disclosure

SEC source: 0001225208-25-003742 · doc4.xml · derivative · entry 1

SCHOTTENSTEIN JAY L · CIK 0001031000 · Director · Executive Chairman · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 656,565

Underlying: Class A Common Shares · 656,565 shares

Expires 2028-03-27

F1 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of Issuer's Class A common stock.

Read SEC document
March 27, 2025 Filed Mar 31, 2025 20:04 UTC
Davis LauraEVP;Pres DSW Designer ShoeWhse
GrantRestricted Stock Unit · Derivative 138,890 $0.00 $0.00
Disclosure

SEC source: 0001225208-25-003737 · doc4.xml · derivative · entry 1

Davis Laura · CIK 0001984529 · EVP;Pres DSW Designer ShoeWhse

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 138,890

Underlying: Class A Common Shares · 138,890 shares

Expires 2028-03-27

F1 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of Issuer's Class A common stock.

Read SEC document
March 27, 2025 Filed Mar 31, 2025 16:04 UTC
Turner MaryEVP;Pres DesignerBrands Canada
GrantRestricted Stock Unit · Derivative 35,353 $0.00 $0.00
Disclosure

SEC source: 0001225208-25-003743 · doc4.xml · derivative · entry 1

Turner Mary · CIK 0001805602 · EVP;Pres DesignerBrands Canada

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 35,353

Underlying: Class A Common Shares · 35,353 shares

Expires 2028-03-27

F1 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of Issuer's Class A common stock.

Read SEC document
March 27, 2025 Filed Mar 31, 2025 20:04 UTC
HOWE DOUGLAS M.Director · CEO
GrantRestricted Stock Unit · Derivative 909,090 $0.00 $0.00
Disclosure

SEC source: 0001225208-25-003744 · doc4.xml · derivative · entry 1

HOWE DOUGLAS M. · CIK 0001741079 · Director · CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 909,090

Underlying: Class A Common Shares · 909,090 shares

Expires 2028-03-27

F1 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of Issuer's Class A common stock.

Read SEC document
March 27, 2025 Filed Mar 31, 2025 16:04 UTC
Poff Jared A.EVP, CFO & CAO
GrantRestricted Stock Unit · Derivative 138,890 $0.00 $0.00
Disclosure

SEC source: 0001225208-25-003741 · doc4.xml · derivative · entry 1

Poff Jared A. · CIK 0001676475 · EVP, CFO & CAO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 138,890

Underlying: Class A Common Shares · 138,890 shares

Expires 2028-03-27

F1 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of Issuer's Class A common stock.

Read SEC document
March 27, 2025 Filed Mar 31, 2025 20:04 UTC
O'Donnell AndreaEVP & Brands President
GrantRestricted Stock Unit · Derivative 126,263 $0.00 $0.00
Disclosure

SEC source: 0001225208-25-003740 · doc4.xml · derivative · entry 1

O'Donnell Andrea · CIK 0001677396 · EVP & Brands President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 126,263

Underlying: Class A Common Shares · 126,263 shares

Expires 2028-03-27

F1 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of Issuer's Class A common stock.

Read SEC document
March 27, 2025 Filed Mar 31, 2025 20:04 UTC
Haley MarkSVP, Controller and PAO
GrantRestricted Stock Unit · Derivative 56,820 $0.00 $0.00
Disclosure

SEC source: 0001225208-25-003739 · doc4.xml · derivative · entry 1

Haley Mark · CIK 0001533646 · SVP, Controller and PAO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 56,820

Underlying: Class A Common Shares · 56,820 shares

Expires 2028-03-27

F1 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of Issuer's Class A common stock.

Read SEC document
March 27, 2025 Filed Mar 31, 2025 20:04 UTC
Ferree Deborah LV. Chair; Ch Product Off
GrantRestricted Stock Unit · Derivative 353,535 $0.00 $0.00
Disclosure

SEC source: 0001225208-25-003738 · doc4.xml · derivative · entry 1

Ferree Deborah L · CIK 0001331252 · V. Chair; Ch Product Off

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 353,535

Underlying: Class A Common Shares · 353,535 shares

Expires 2028-03-27

F1 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of Issuer's Class A common stock.

Read SEC document
March 24, 2025 Filed Mar 26, 2025 20:34 UTC
SCHOTTENSTEIN JAY LDirector · Executive Chairman · 10% owner
Exercise / conversionRestricted Stock Unit · Derivative 169,216 $0.00 $0.00
Disclosure

SEC source: 0001225208-25-003651 · doc4.xml · derivative · entry 8

SCHOTTENSTEIN JAY L · CIK 0001031000 · Director · Executive Chairman · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

Underlying: Class A Common Shares · 169,216 shares

Expires 2025-03-24

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of Issuer's Class A common stock.

Read SEC document
March 24, 2025 Filed Mar 26, 2025 20:34 UTC
SCHOTTENSTEIN JAY LDirector · Executive Chairman · 10% owner
Exercise / conversionDividend Equivalent Rights · Derivative 10,298 $0.00 $0.00
Disclosure

SEC source: 0001225208-25-003651 · doc4.xml · derivative · entry 7

SCHOTTENSTEIN JAY L · CIK 0001031000 · Director · Executive Chairman · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 14,723

Underlying: Class A Common Shares · 10,298 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: 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.

F1 · derivative.exercise_date: 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.

F1 · derivative.expiration_date: 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.

Read SEC document
March 24, 2025 Filed Mar 26, 2025 20:34 UTC
SCHOTTENSTEIN JAY LDirector · Executive Chairman · 10% owner
Exercise / conversionClass A Common Shares 179,514 $0.00 $0.00
Disclosure

SEC source: 0001225208-25-003651 · doc4.xml · nonDerivative · entry 1

SCHOTTENSTEIN JAY L · CIK 0001031000 · Director · Executive Chairman · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,418,030

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
March 24, 2025 Filed Mar 26, 2025 16:34 UTC
Turner MaryEVP;Pres DesignerBrands Canada
Exercise / conversionRestricted Stock Unit · Derivative 17,331 $0.00 $0.00
Disclosure

SEC source: 0001225208-25-003652 · doc4.xml · derivative · entry 4

Turner Mary · CIK 0001805602 · EVP;Pres DesignerBrands Canada

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

Underlying: Class A Common Shares · 17,331 shares

Expires 2025-03-24

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of Issuer's Class A common stock.

Read SEC document
March 24, 2025 Filed Mar 26, 2025 16:34 UTC
Turner MaryEVP;Pres DesignerBrands Canada
Exercise / conversionDividend Equivalent Rights · Derivative 1,055 $0.00 $0.00
Disclosure

SEC source: 0001225208-25-003652 · doc4.xml · derivative · entry 3

Turner Mary · CIK 0001805602 · EVP;Pres DesignerBrands Canada

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,179

Underlying: Class A Common Shares · 1,055 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: 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.

F1 · derivative.exercise_date: 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.

F1 · derivative.expiration_date: 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.

Read SEC document
March 24, 2025 Filed Mar 26, 2025 16:34 UTC
Turner MaryEVP;Pres DesignerBrands Canada
Tax withholdingClass A Common Shares 9,843 $4.04 $39,765.72
Disclosure

SEC source: 0001225208-25-003652 · doc4.xml · nonDerivative · entry 2

Turner Mary · CIK 0001805602 · EVP;Pres DesignerBrands Canada

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 40,382

Read SEC document
March 24, 2025 Filed Mar 26, 2025 16:34 UTC
Turner MaryEVP;Pres DesignerBrands Canada
Exercise / conversionClass A Common Shares 18,386 $0.00 $0.00
Disclosure

SEC source: 0001225208-25-003652 · doc4.xml · nonDerivative · entry 1

Turner Mary · CIK 0001805602 · EVP;Pres DesignerBrands Canada

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 50,225

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
March 24, 2025 Filed Mar 26, 2025 16:33 UTC
Poff Jared A.EVP, CFO & CAO
Exercise / conversionRestricted Stock Unit · Derivative 51,443 $0.00 $0.00
Disclosure

SEC source: 0001225208-25-003650 · doc4.xml · derivative · entry 4

Poff Jared A. · CIK 0001676475 · EVP, CFO & CAO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

Underlying: Class A Common Shares · 51,443 shares

Expires 2025-03-24

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of Issuer's Class A common stock.

Read SEC document
March 24, 2025 Filed Mar 26, 2025 16:33 UTC
Poff Jared A.EVP, CFO & CAO
Exercise / conversionDividend Equivalent Rights · Derivative 3,131 $0.00 $0.00
Disclosure

SEC source: 0001225208-25-003650 · doc4.xml · derivative · entry 3

Poff Jared A. · CIK 0001676475 · EVP, CFO & CAO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 4,577

Underlying: Class A Common Shares · 3,131 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: 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.

F1 · derivative.exercise_date: 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.

F1 · derivative.expiration_date: 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.

Read SEC document
March 24, 2025 Filed Mar 26, 2025 16:33 UTC
Poff Jared A.EVP, CFO & CAO
Tax withholdingClass A Common Shares 24,900 $4.04 $100,596.00
Disclosure

SEC source: 0001225208-25-003650 · doc4.xml · nonDerivative · entry 2

Poff Jared A. · CIK 0001676475 · EVP, CFO & CAO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 284,738

Read SEC document
March 24, 2025 Filed Mar 26, 2025 16:33 UTC
Poff Jared A.EVP, CFO & CAO
Exercise / conversionClass A Common Shares 54,574 $0.00 $0.00
Disclosure

SEC source: 0001225208-25-003650 · doc4.xml · nonDerivative · entry 1

Poff Jared A. · CIK 0001676475 · EVP, CFO & CAO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 309,638

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
March 24, 2025 Filed Mar 26, 2025 20:33 UTC
Haley MarkSVP, Controller and PAO
Exercise / conversionRestricted Stock Unit · Derivative 16,235 $0.00 $0.00
Disclosure

SEC source: 0001225208-25-003649 · doc4.xml · derivative · entry 4

Haley Mark · CIK 0001533646 · SVP, Controller and PAO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

Underlying: Class A Common Shares · 16,235 shares

Expires 2025-03-24

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of Issuer's Class A common stock.

Read SEC document
March 24, 2025 Filed Mar 26, 2025 20:33 UTC
Haley MarkSVP, Controller and PAO
Exercise / conversionDividend Equivalent Rights · Derivative 1,116 $0.00 $0.00
Disclosure

SEC source: 0001225208-25-003649 · doc4.xml · derivative · entry 3

Haley Mark · CIK 0001533646 · SVP, Controller and PAO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,966

Underlying: Class A Common Shares · 1,116 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: 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.

F1 · derivative.exercise_date: 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.

F1 · derivative.expiration_date: 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.

Read SEC document
March 24, 2025 Filed Mar 26, 2025 20:33 UTC
Haley MarkSVP, Controller and PAO
Tax withholdingClass A Common Shares 6,133 $4.04 $24,777.32
Disclosure

SEC source: 0001225208-25-003649 · doc4.xml · nonDerivative · entry 2

Haley Mark · CIK 0001533646 · SVP, Controller and PAO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 11,218

Read SEC document
March 24, 2025 Filed Mar 26, 2025 20:33 UTC
Haley MarkSVP, Controller and PAO
Exercise / conversionClass A Common Shares 17,351 $0.00 $0.00
Disclosure

SEC source: 0001225208-25-003649 · doc4.xml · nonDerivative · entry 1

Haley Mark · CIK 0001533646 · SVP, Controller and PAO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 17,351

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
March 24, 2025 Filed Mar 26, 2025 20:33 UTC
Ferree Deborah LV. Chair; Ch Product Off
Exercise / conversionRestricted Stock Unit · Derivative 189,523 $0.00 $0.00
Disclosure

SEC source: 0001225208-25-003648 · doc4.xml · derivative · entry 4

Ferree Deborah L · CIK 0001331252 · V. Chair; Ch Product Off

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

Underlying: Class A Common Shares · 189,523 shares

Expires 2025-03-24

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of Issuer's Class A common stock.

Read SEC document
March 24, 2025 Filed Mar 26, 2025 20:33 UTC
Ferree Deborah LV. Chair; Ch Product Off
Exercise / conversionDividend Equivalent Rights · Derivative 11,534 $0.00 $0.00
Disclosure

SEC source: 0001225208-25-003648 · doc4.xml · derivative · entry 3

Ferree Deborah L · CIK 0001331252 · V. Chair; Ch Product Off

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 12,405

Underlying: Class A Common Shares · 11,534 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: 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.

F1 · derivative.exercise_date: 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.

F1 · derivative.expiration_date: 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.

Read SEC document
March 24, 2025 Filed Mar 26, 2025 20:33 UTC
Ferree Deborah LV. Chair; Ch Product Off
Tax withholdingClass A Common Shares 91,180 $4.04 $368,367.20
Disclosure

SEC source: 0001225208-25-003648 · doc4.xml · nonDerivative · entry 2

Ferree Deborah L · CIK 0001331252 · V. Chair; Ch Product Off

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 448,967

Read SEC document
March 24, 2025 Filed Mar 26, 2025 20:33 UTC
Ferree Deborah LV. Chair; Ch Product Off
Exercise / conversionClass A Common Shares 201,057 $0.00 $0.00
Disclosure

SEC source: 0001225208-25-003648 · doc4.xml · nonDerivative · entry 1

Ferree Deborah L · CIK 0001331252 · V. Chair; Ch Product Off

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 540,147

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
March 03, 2025 Filed Mar 5, 2025 21:07 UTC
SCHOTTENSTEIN JAY LDirector · Executive Chairman · 10% owner
GrantRestricted Stock Unit · Derivative 79,785 $0.00 $0.00
Disclosure

SEC source: 0001225208-25-002985 · doc4.xml · derivative · entry 1

SCHOTTENSTEIN JAY L · CIK 0001031000 · Director · Executive Chairman · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 79,785

Underlying: Class A Common Shares · 79,785 shares

Expires 2027-03-03

F1 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of Issuer's Class A common stock.

F2 · derivative.exercise_date: Restricted stock units vest 50% on the first anniversary of the date of grant and 50% on the second anniversary of the date of grant.

Read SEC document

Value uses the disclosed total when available, otherwise shares × reported transaction price. It is not an estimate of exercise cash cost or investment performance.