Designer Brands Inc.

RULE 10B5-1 TRADING PLANS

During the three months ended August 2, 2025, none of our directors or executive officers adopted or terminated any contract, instruction, or written plan for the purchase or sale of the Company’s securities that was intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) or any "non-Rule 10b5-1 trading arrangement" (as defined in Item 408(c) of Regulation S-K).

AMENDMENT TO NONQUALIFIED DEFERRED COMPENSATION PLAN

On September 4, 2025, the Board approved an Amendment (the "Plan Amendment") to the Designer Brands Inc. (f/k/a DSW Inc.) Nonqualified Deferred Compensation Plan, as amended and restated effective December 1, 2023 (the "Plan"). The Plan Amendment suspends the Plan so that no new deferrals will be accepted under the Plan, effective for Plan Years (as defined in the Plan) commencing after 2025 and continuing indefinitely (unless and until otherwise determined by the Plan Administrator, as defined in the Plan). A copy of the Plan Amendment is filed as Exhibit 10.1 to this Form 10-Q, and this description is qualified in its entirety by reference to the full text of the exhibit.