Josh Silverman - Oct 14, 2021 Form 4 Insider Report for ETSY INC (ETSY)

Role
President & CEO, Director
Signature
/s/ Brittany Keen, as Attorney-in-Fact for Josh Silverman
Stock symbol
ETSY
Transactions as of
Oct 14, 2021
Transactions value $
-$7,954,843
Form type
4
Date filed
10/18/2021, 05:23 PM
Previous filing
Oct 5, 2021
Next filing
Oct 27, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ETSY Common Stock Options Exercise $287K +27K +2043.91% $10.62 28.3K Oct 14, 2021 Direct F1
transaction ETSY Common Stock Sale -$790K -3.65K -12.88% $216.57 24.7K Oct 14, 2021 Direct F1, F2
transaction ETSY Common Stock Sale -$2.24M -10.3K -41.81% $217.28 14.4K Oct 14, 2021 Direct F1, F3
transaction ETSY Common Stock Sale -$1.84M -8.42K -58.67% $218.21 5.93K Oct 14, 2021 Direct F1, F4
transaction ETSY Common Stock Sale -$608K -2.77K -46.71% $219.38 3.16K Oct 14, 2021 Direct F1, F5
transaction ETSY Common Stock Sale -$380K -1.73K -54.62% $220.26 1.44K Oct 14, 2021 Direct F1, F6
transaction ETSY Common Stock Sale -$25.2K -114 -7.94% $220.90 1.32K Oct 14, 2021 Direct F1
transaction ETSY Common Stock Options Exercise $117K +11K +832.7% $10.62 12.3K Oct 18, 2021 Direct F1
transaction ETSY Common Stock Sale -$2.48M -11K -89.28% $225.02 1.32K Oct 18, 2021 Direct F1, F7
holding ETSY Common Stock 4.94K Oct 14, 2021 By GST Trust F8
holding ETSY Common Stock 16.9K Oct 14, 2021 By Non-GST Trust F9
holding ETSY Common Stock 42.3K Oct 14, 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 -0.92% $0.00 2.91M Oct 14, 2021 Common Stock 27K $10.62 Direct F1, F10
transaction ETSY Employee Stock Option (Right to Buy) Options Exercise $0 -11K -0.38% $0.00 2.9M Oct 18, 2021 Common Stock 11K $10.62 Direct F1, F10
* 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 $215.82 to $216.81, 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 $216.82 to $217.81, 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 $217.82 to $218.80, 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 $218.85 to $219.83 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 $219.88 to $220.87, 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 $225.00 to $225.13, 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 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.
F9 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.
F10 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.