Josh Silverman - Sep 30, 2021 Form 4 Insider Report for ETSY INC (ETSY)

Signature
/s/ Brigitte Eichner, as Attorney-in-Fact for Josh Silverman
Stock symbol
ETSY
Transactions as of
Sep 30, 2021
Transactions value $
-$5,350,867
Form type
4
Date filed
10/1/2021, 04:58 PM
Previous filing
Sep 17, 2021
Next filing
Oct 5, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ETSY Common Stock Options Exercise $287K +27K $10.62 27K Sep 30, 2021 Direct F1
transaction ETSY Common Stock Sale -$310K -1.5K -5.54% $207.28 25.5K Sep 30, 2021 Direct F1, F2
transaction ETSY Common Stock Sale -$2.11M -10.1K -39.77% $208.12 15.4K Sep 30, 2021 Direct F1, F3
transaction ETSY Common Stock Sale -$2.11M -10.1K -65.8% $209.10 5.25K Sep 30, 2021 Direct F1, F4
transaction ETSY Common Stock Sale -$1.1M -5.25K -100% $209.97 0 Sep 30, 2021 Direct F1, F5
holding ETSY Common Stock 4.94K Sep 30, 2021 By GST Trust F6
holding ETSY Common Stock 16.9K Sep 30, 2021 By Non-GST Trust F7
holding ETSY Common Stock 42.3K Sep 30, 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 -27K -0.91% $0.00 2.94M Sep 30, 2021 Common Stock 27K $10.62 Direct F1, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This exercise 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 $206.59 to $207.45, 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.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $207.59 to $208.54, 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.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $208.61 to $209.59, 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 $209.61 to $210.44 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 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.
F7 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.
F8 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.