Josh Silverman - 25 Oct 2021 Form 4 Insider Report for ETSY INC (ETSY)

Role: President & CEO, Director
Signature: /s/ Brittany Keen, as Attorney-in-Fact for Josh Silverman
Issuer symbol: ETSY
Transactions as of: 25 Oct 2021
Net transactions value: -$3,949,770
Form type: 4
Filing time: 27 Oct 2021, 17:25:36 UTC
Previous filing: 18 Oct 2021
Next filing: 01 Nov 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ETSY	Common Stock	Options Exercise	$175,230	+16,500	+1249%	$10.62	17,821	25 Oct 2021	Direct	F1
transaction	ETSY	Common Stock	Sale	$4,125,000	-16,500	-93%	$250.00	1,321	25 Oct 2021	Direct	F1
holding	ETSY	Common Stock						4,942	25 Oct 2021	By GST Trust	F2
holding	ETSY	Common Stock						16,886	25 Oct 2021	By Non-GST Trust	F3
holding	ETSY	Common Stock						42,269	25 Oct 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	-16,500	-0.57%	$0.000000	2,886,000	25 Oct 2021	Common Stock	16,500	$10.62	Direct	F1, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	This exercise and subsequent sale was made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 12, 2021.
F2	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.
F3	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.
F4	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.