Michael T. Fisher - 01 Jul 2021 Form 4 Insider Report for ETSY INC (ETSY)

Signature
/s/ Brittany Keen, as Attorney-In-Fact for Michael T. Fisher
Issuer symbol
ETSY
Transactions as of
01 Jul 2021
Net transactions value
-$2,350,092
Form type
4
Filing time
06 Jul 2021, 19:02:20 UTC
Previous filing
03 Jun 2021
Next filing
17 Dec 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ETSY Common Stock Options Exercise $0 +7,032 +45% $0.000000 22,612 01 Jul 2021 Direct F1
transaction ETSY Common Stock Tax liability $687,112 -3,444 -15% $199.51 19,168 01 Jul 2021 Direct F2
transaction ETSY Common Stock Options Exercise $74,526 +5,208 +27% $14.31 24,376 02 Jul 2021 Direct F3
transaction ETSY Common Stock Sale $444,519 -2,260 -9.3% $196.69 22,116 02 Jul 2021 Direct F3, F4
transaction ETSY Common Stock Sale $930,531 -4,718 -21% $197.23 17,398 02 Jul 2021 Direct F3, F5
transaction ETSY Common Stock Sale $179,894 -907 -5.2% $198.34 16,491 02 Jul 2021 Direct F3, F6
transaction ETSY Common Stock Sale $65,158 -327 -2% $199.26 16,164 02 Jul 2021 Direct F3, F7
transaction ETSY Common Stock Sale $56,312 -281 -1.7% $200.40 15,883 02 Jul 2021 Direct F3, F8
transaction ETSY Common Stock Sale $61,091 -303 -1.9% $201.62 15,580 02 Jul 2021 Direct F3, F9
holding ETSY Common Stock 7,663 01 Jul 2021 By Trust

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ETSY Restricted Stock Units Options Exercise $0 -7,032 -100% $0.000000* 0 01 Jul 2021 Common Stock 7,032 Direct F10, F11
transaction ETSY Employee Stock Option (Right to Buy) Options Exercise $0 -5,208 -50% $0.000000 5,209 02 Jul 2021 Common Stock 5,208 $14.31 Direct F3, F12, F13
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares of common stock acquired upon the vesting of restricted stock units.
F2 This transaction reported represents the withholding of shares by the Issuer to satisfy the Reporting Person's tax withholding obligations in connection with the vesting and settlement of the restricted stock units.
F3 These exercises and subsequent sales were made pursuant to a Rule 10b5-1 Trading Plan adopted by the Reporting Person on May 8, 2020, as amended on August 7, 2020.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $195.94 to $196.925, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $196.945 to $197.855, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $197.95 to $198.88, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F7 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $198.99 to $199.64, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F8 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $200.20 to $200.49, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F9 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $201.28 to $201.90, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F10 Represents restricted stock units which correspond 1-for-1 with common stock.
F11 25% of the restricted stock units vested on July 1, 2018, with the remainder vesting in 12 equal quarterly installments thereafter, provided the Reporting Person remains continuously employed on each vesting date and has no expiration date.
F12 The shares underlying the option exercised in this transaction were fully vested and exercisable. The remainder of the shares underlying the option shall continue to vest and become exercisable ratably on a monthly basis on the first day of each month through August 1, 2021, subject to the Reporting Person's continued service with the Issuer through each such date.
F13 Reflects an adjustment to total holding balance to fix an error in previously filed reports.