Josh Silverman - Oct 1, 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
Oct 1, 2021
Transactions value $
-$363,574
Form type
4
Date filed
10/5/2021, 07:08 PM
Previous filing
Oct 1, 2021
Next filing
Oct 18, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ETSY Common Stock Options Exercise $0 +3.1K $0.00 3.1K Oct 1, 2021 Direct F1
transaction ETSY Common Stock Tax liability -$364K -1.78K -57.39% $204.37 1.32K Oct 1, 2021 Direct F2
holding ETSY Common Stock 4.94K Oct 1, 2021 By GST Trust F3
holding ETSY Common Stock 16.9K Oct 1, 2021 By Non-GST Trust F4
holding ETSY Common Stock 42.3K Oct 1, 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 Restricted Stock Units Options Exercise $0 -3.1K -12.5% $0.00 21.7K Oct 1, 2021 Common Stock 3.1K Direct F5, F6
* 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 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.
F4 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.
F5 Represents restricted stock units which correspond 1-for-1 with common stock.
F6 The restricted stock units vest in 8 equal semi-annual installments, beginning on October 1, 2021, provided the Reporting Person remains continuously employed on each vesting date and has no expiration date.