DBI · Designer Brands Inc.

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

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.

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

Shares represent dividend equivalent rights accrued on previously awarded stock units.

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.

Total includes accrued dividend equivalent rights.

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.

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

Shares represent dividend equivalent rights accrued on previously awarded stock units.

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.

Total includes accrued dividend equivalent rights.

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.

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.

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.

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.

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

Shares represent dividend equivalent rights accrued on previously awarded stock units.

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.

Total includes accrued dividend equivalent rights.

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

Shares represent dividend equivalent rights accrued on previously awarded stock units.

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.

Total includes accrued dividend equivalent rights.

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

Shares represent dividend equivalent rights accrued on previously awarded stock units.

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.

Total includes stock units acquired pursuant to a special dividend and accrued dividend equivalent rights.

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.

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.

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.

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

Shares represent dividend equivalent rights accrued on previously awarded stock units.

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.

Total includes accrued dividend equivalent rights.

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

Shares represent dividend equivalent rights accrued on previously awarded stock units.

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.

Total includes accrued dividend equivalent rights.

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

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.

Total includes accrued dividend equivalent rights.

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

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.

Total includes accrued dividend equivalent rights.

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

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.

Total includes accrued dividend equivalent rights.

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

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.

Total includes accrued dividend equivalent rights.

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

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.

Total includes accrued dividend equivalent rights.

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

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.

Total includes stock units acquired pursuant to a special dividend and accrued dividend equivalent rights.

Price represents a weighted average of the sale price. Shares were sold at prices ranging from $6.75 to $7.26. 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 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.

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.

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

Shares represent dividend equivalent rights accrued on previously awarded stock units.

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.

Total includes accrued dividend equivalent rights.

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.

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

Shares represent dividend equivalent rights accrued on previously awarded stock units.

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.

Total includes accrued dividend equivalent rights.

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

Shares represent dividend equivalent rights accrued on previously awarded stock units.

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.

Total includes accrued dividend equivalent rights.

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.

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

Shares represent dividend equivalent rights accrued on previously awarded stock units.

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.

Total includes accrued dividend equivalent rights.

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.

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.

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

Shares represent dividend equivalent rights accrued on previously awarded stock units.

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.

Total includes accrued dividend equivalent rights.

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.

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.

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

Shares represent dividend equivalent rights accrued on previously awarded stock units.

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.

Total includes accrued dividend equivalent rights.

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

Shares represent dividend equivalent rights accrued on previously awarded stock units.

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.

Total includes accrued dividend equivalent rights.

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