Josh Silverman - 16 Sep 2021 Form 4 Insider Report for ETSY INC (ETSY)

Signature
/s/ Brittany Keen, as Attorney-in-Fact for Josh Silverman
Issuer symbol
ETSY
Transactions as of
16 Sep 2021
Net transactions value
-$6,858,314
Form type
4
Filing time
17 Sep 2021, 17:38:42 UTC
Previous filing
11 Jun 2021
Next filing
01 Oct 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ETSY Common Stock Options Exercise $286,740 +27,000 $10.62 27,000 16 Sep 2021 Direct F1
transaction ETSY Common Stock Sale $88,675 -409 -1.5% $216.81 26,591 16 Sep 2021 Direct F1, F2
transaction ETSY Common Stock Sale $308,339 -1,410 -5.3% $218.68 25,181 16 Sep 2021 Direct F1, F3
transaction ETSY Common Stock Sale $1,025,420 -4,668 -19% $219.67 20,513 16 Sep 2021 Direct F1, F4
transaction ETSY Common Stock Sale $1,556,562 -7,057 -34% $220.57 13,456 16 Sep 2021 Direct F1, F5
transaction ETSY Common Stock Sale $1,807,883 -8,162 -61% $221.50 5,294 16 Sep 2021 Direct F1, F6
transaction ETSY Common Stock Sale $1,075,273 -4,829 -91% $222.67 465 16 Sep 2021 Direct F1, F7
transaction ETSY Common Stock Sale $103,811 -465 -100% $223.25 0 16 Sep 2021 Direct F1, F8
transaction ETSY Common Stock Options Exercise $58,410 +5,500 $10.62 5,500 17 Sep 2021 Direct F1
transaction ETSY Common Stock Sale $1,237,500 -5,500 -100% $225.00 0 17 Sep 2021 Direct F1
holding ETSY Common Stock 4,942 16 Sep 2021 By GST Trust F9
holding ETSY Common Stock 16,886 16 Sep 2021 By Non-GST Trust F10
holding ETSY Common Stock 42,269 16 Sep 2021 By Irrevocable 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 Employee Stock Option (Right to Buy) Options Exercise $0 -27,000 -0.9% $0.000000 2,973,000 16 Sep 2021 Common Stock 27,000 $10.62 Direct F1, F11
transaction ETSY Employee Stock Option (Right to Buy) Options Exercise $0 -5,500 -0.18% $0.000000 2,967,500 17 Sep 2021 Common Stock 5,500 $10.62 Direct F1, F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These exercises and subsequent sales were made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 12, 2021.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $216.575 to $217.11 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 ranges set forth in footnotes (2), (3), (4), (5), (6), (7) and (8).
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $218.08 to $219.05 inclusive.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $219.11 to $220.10 inclusive.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $220.11 to $221.105 inclusive.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $221.11 to $222.09 inclusive.
F7 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $222.13 to $223.07 inclusive.
F8 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $223.15 to $223.37 inclusive.
F9 These shares are held by the JGS 2018 Irrevocable GST Trust (the "GST Trust"). The Reporting Person's spouse is the trustee of the GST Trust. The Reporting Person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
F10 These shares are held by the JGS 2018 Irrevocable Non-GST Trust (the "Non-GST Trust"). The Reporting Person's spouse is the trustee of the Non-GST Trust. The Reporting Person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
F11 The shares underlying the option exercised in this transaction were fully vested and exercisable. 25% of the stock options became exercisable on May 4, 2018, with the remainder of the originally granted options exercisable in 36 equal monthly installments beginning on June 4, 2018, provided the Reporting Person remains continuously employed on each vesting date.