[SCHEDULE 13G/A] Designer Brands Inc. SEC Filing
Fund 1 Investments, LLC reports beneficial ownership of 1,000,000 Class A common shares of Designer Brands Inc., representing 2.43% of the outstanding Class A shares based on 41,091,653 shares outstanding as of June 3, 2025. The filing states the shares are held for private investment vehicles advised by Pleasant Lake Partners LLC; Fund 1 Investments, LLC is the managing member and Jonathan Lennon is the managing member of the adviser. The filer disclaims beneficial ownership except for pecuniary interest. The statement affirms the securities were acquired in the ordinary course of business and not to influence control.
Fund 1 Investments, LLC dichiara la titolarit脿 beneficiaria di 1.000.000 azioni ordinarie di Classe A di Designer Brands Inc., corrispondenti al 2,43% delle azioni di Classe A in circolazione, calcolate su un totale di 41.091.653 azioni in data 3 giugno 2025. La comunicazione indica che le azioni sono detenute per veicoli di investimento privati consigliati da Pleasant Lake Partners LLC; Fund 1 Investments, LLC 猫 il membro gestore e Jonathan Lennon 猫 il membro gestore del consulente. Il dichiarante rinuncia a qualsiasi titolarit脿 beneficiaria eccetto l'interesse pecuniario. La dichiarazione conferma che i titoli sono stati acquisiti nell'ordinaria attivit脿 commerciale e non per influenzare il controllo.
Fund 1 Investments, LLC informa de la propiedad beneficiaria de 1.000.000 acciones ordinarias Clase A de Designer Brands Inc., lo que representa el 2,43% de las acciones Clase A en circulaci贸n, bas谩ndose en 41.091.653 acciones en circulaci贸n a fecha 3 de junio de 2025. El expediente indica que las acciones est谩n en manos de veh铆culos de inversi贸n privados asesorados por Pleasant Lake Partners LLC; Fund 1 Investments, LLC es el miembro gestor y Jonathan Lennon es el miembro gestor del asesor. El declarante renuncia a la propiedad beneficiaria salvo por un inter茅s pecuniario. La declaraci贸n afirma que los valores se adquirieron en el curso ordinario del negocio y no para influir en el control.
Fund 1 Investments, LLC電� Designer Brands Inc.鞚� 韥措灅鞀� A 氤错喌欤� 1,000,000欤茧ゼ 鞁れ鞝� 靻岇湢搿� 氤搓碃頃橂┌, 鞚措姅 2025雲� 6鞗� 3鞚� 旮办 氚滍枆霅� 41,091,653欤茧ゼ 旮办鞙茧 韥措灅鞀� A 欤检嫕鞚� 2.43%鞐� 頃措嫻頃╇媹雼�. 鞝滌稖靹滊鞐� 霐半ゴ氅� 頃措嫻 欤检嫕鞚� Pleasant Lake Partners LLC臧� 鞛愲頃橂姅 靷爜 韴瀽旮瓣惮霌れ潉 鞙勴暣 氤挫湢霅橁碃 鞛堨溂氅�; Fund 1 Investments, LLC臧� 甏�毽� 氅る矂鞚搓碃 Jonathan Lennon鞚� 鞛愲靷潣 甏�毽� 氅る矂鞛呺媹雼�. 鞝滌稖鞚胳潃 旮堨爠鞝� 鞚挫澋鞚� 鞝滌櫢頃� 鞁れ鞝� 靻岇湢毳� 攵�鞚疙暕雼堧嫟. 頃措嫻 靹彪獏鞚� 歃濌秾鞚� 韱奠儊鞝侅澑 鞓侅梾 氩旍渼鞐愳劀 旆摑霅橃棃鞙茧┌, 歆�氚瓣秾 頄夓偓 氇╈爜鞚� 鞎勲嫎鞚� 頇曥澑頃╇媹雼�.
Fund 1 Investments, LLC d茅clare la propri茅t茅 b茅n茅ficiaire de 1 000 000 actions ordinaires de Classe A de Designer Brands Inc., repr茅sentant 2,43 % des actions de Classe A en circulation, sur la base de 41 091 653 actions en circulation au 3 juin 2025. Le d茅p么t indique que les actions sont d茅tenues pour des v茅hicules d'investissement priv茅s conseill茅s par Pleasant Lake Partners LLC ; Fund 1 Investments, LLC est le membre gestionnaire et Jonathan Lennon est le membre gestionnaire du conseiller. Le d茅clarant d茅cline la propri茅t茅 b茅n茅ficiaire, sauf pour un int茅r锚t p茅cuniaire. La d茅claration confirme que les titres ont 茅t茅 acquis dans le cours normal des affaires et non dans le but d'influencer le contr么le.
Fund 1 Investments, LLC meldet die wirtschaftliche Eigent眉merschaft an 1.000.000 Class-A-Stammaktien von Designer Brands Inc., was 2,43% der ausstehenden Class-A-Aktien entspricht, basierend auf 41.091.653 ausstehenden Aktien per 3. Juni 2025. Die Einreichung gibt an, dass die Aktien f眉r private Investmentvehikel gehalten werden, die von Pleasant Lake Partners LLC beraten werden; Fund 1 Investments, LLC ist das gesch盲ftsf眉hrende Mitglied und Jonathan Lennon ist das gesch盲ftsf眉hrende Mitglied des Beraters. Der Einreicher weist eine wirtschaftliche Eigent眉merschaft mit Ausnahme eines pecuni盲ren Interesses zur眉ck. Die Erkl盲rung best盲tigt, dass die Wertpapiere im normalen Gesch盲ftsverlauf erworben wurden und nicht zur Beeinflussung der Kontrolle dienen.
- None.
- None.
Insights
Minor passive stake disclosed; no control intent stated.
The filing shows a 2.43% ownership of Class A shares (1,000,000 shares) by Fund 1 Investments, LLC, calculated from 41,091,653 shares outstanding. Holdings are reported as shared voting and dispositive power, with no sole voting or dispositive power. The filer expressly disclaims control intent and certifies ordinary-course acquisition, indicating a passive investment position rather than an activist or control stake. For investors, this is a routine ownership disclosure without immediate implications for corporate governance or capital structure.
Disclosure is standard; no governance change signaled.
The Schedule 13G/A identifies Pleasant Lake Partners LLC as adviser and clarifies that Fund 1 Investments, LLC serves as managing member. The statement includes the customary disclaimer of beneficial ownership beyond pecuniary interest and the certification that the stake is not intended to influence control. Because the position is under 5% and filed on Schedule 13G (passive investor route), it reflects non-control intent and does not trigger escalation to Schedule 13D content obligations.
Fund 1 Investments, LLC dichiara la titolarit脿 beneficiaria di 1.000.000 azioni ordinarie di Classe A di Designer Brands Inc., corrispondenti al 2,43% delle azioni di Classe A in circolazione, calcolate su un totale di 41.091.653 azioni in data 3 giugno 2025. La comunicazione indica che le azioni sono detenute per veicoli di investimento privati consigliati da Pleasant Lake Partners LLC; Fund 1 Investments, LLC 猫 il membro gestore e Jonathan Lennon 猫 il membro gestore del consulente. Il dichiarante rinuncia a qualsiasi titolarit脿 beneficiaria eccetto l'interesse pecuniario. La dichiarazione conferma che i titoli sono stati acquisiti nell'ordinaria attivit脿 commerciale e non per influenzare il controllo.
Fund 1 Investments, LLC informa de la propiedad beneficiaria de 1.000.000 acciones ordinarias Clase A de Designer Brands Inc., lo que representa el 2,43% de las acciones Clase A en circulaci贸n, bas谩ndose en 41.091.653 acciones en circulaci贸n a fecha 3 de junio de 2025. El expediente indica que las acciones est谩n en manos de veh铆culos de inversi贸n privados asesorados por Pleasant Lake Partners LLC; Fund 1 Investments, LLC es el miembro gestor y Jonathan Lennon es el miembro gestor del asesor. El declarante renuncia a la propiedad beneficiaria salvo por un inter茅s pecuniario. La declaraci贸n afirma que los valores se adquirieron en el curso ordinario del negocio y no para influir en el control.
Fund 1 Investments, LLC電� Designer Brands Inc.鞚� 韥措灅鞀� A 氤错喌欤� 1,000,000欤茧ゼ 鞁れ鞝� 靻岇湢搿� 氤搓碃頃橂┌, 鞚措姅 2025雲� 6鞗� 3鞚� 旮办 氚滍枆霅� 41,091,653欤茧ゼ 旮办鞙茧 韥措灅鞀� A 欤检嫕鞚� 2.43%鞐� 頃措嫻頃╇媹雼�. 鞝滌稖靹滊鞐� 霐半ゴ氅� 頃措嫻 欤检嫕鞚� Pleasant Lake Partners LLC臧� 鞛愲頃橂姅 靷爜 韴瀽旮瓣惮霌れ潉 鞙勴暣 氤挫湢霅橁碃 鞛堨溂氅�; Fund 1 Investments, LLC臧� 甏�毽� 氅る矂鞚搓碃 Jonathan Lennon鞚� 鞛愲靷潣 甏�毽� 氅る矂鞛呺媹雼�. 鞝滌稖鞚胳潃 旮堨爠鞝� 鞚挫澋鞚� 鞝滌櫢頃� 鞁れ鞝� 靻岇湢毳� 攵�鞚疙暕雼堧嫟. 頃措嫻 靹彪獏鞚� 歃濌秾鞚� 韱奠儊鞝侅澑 鞓侅梾 氩旍渼鞐愳劀 旆摑霅橃棃鞙茧┌, 歆�氚瓣秾 頄夓偓 氇╈爜鞚� 鞎勲嫎鞚� 頇曥澑頃╇媹雼�.
Fund 1 Investments, LLC d茅clare la propri茅t茅 b茅n茅ficiaire de 1 000 000 actions ordinaires de Classe A de Designer Brands Inc., repr茅sentant 2,43 % des actions de Classe A en circulation, sur la base de 41 091 653 actions en circulation au 3 juin 2025. Le d茅p么t indique que les actions sont d茅tenues pour des v茅hicules d'investissement priv茅s conseill茅s par Pleasant Lake Partners LLC ; Fund 1 Investments, LLC est le membre gestionnaire et Jonathan Lennon est le membre gestionnaire du conseiller. Le d茅clarant d茅cline la propri茅t茅 b茅n茅ficiaire, sauf pour un int茅r锚t p茅cuniaire. La d茅claration confirme que les titres ont 茅t茅 acquis dans le cours normal des affaires et non dans le but d'influencer le contr么le.
Fund 1 Investments, LLC meldet die wirtschaftliche Eigent眉merschaft an 1.000.000 Class-A-Stammaktien von Designer Brands Inc., was 2,43% der ausstehenden Class-A-Aktien entspricht, basierend auf 41.091.653 ausstehenden Aktien per 3. Juni 2025. Die Einreichung gibt an, dass die Aktien f眉r private Investmentvehikel gehalten werden, die von Pleasant Lake Partners LLC beraten werden; Fund 1 Investments, LLC ist das gesch盲ftsf眉hrende Mitglied und Jonathan Lennon ist das gesch盲ftsf眉hrende Mitglied des Beraters. Der Einreicher weist eine wirtschaftliche Eigent眉merschaft mit Ausnahme eines pecuni盲ren Interesses zur眉ck. Die Erkl盲rung best盲tigt, dass die Wertpapiere im normalen Gesch盲ftsverlauf erworben wurden und nicht zur Beeinflussung der Kontrolle dienen.
FAQ
What percentage of Designer Brands Inc. (DBI) does Fund 1 Investments, LLC own?
Who holds the reported shares on behalf of Fund 1 Investments, LLC?
Does the filer claim control or intent to influence Designer Brands (DBI)?
What voting and dispositive powers are reported by the filer?
When was the Schedule 13G/A signed and by whom?
