Goyal Kruti Patel - 15 Nov 2021 Form 4 Insider Report for ETSY INC (ETSY)

Role: Chief Product Officer
Signature: /s/ Brittany Keen, as Attorney-in-Fact for Kruti Patel Goyal
Issuer symbol: ETSY
Transactions as of: 15 Nov 2021
Net transactions value: -$1,301,959
Form type: 4
Filing time: 16 Nov 2021, 17:05:23 UTC
Previous filing: 27 Oct 2021
Next filing: 17 Dec 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	$87,382	+3,079	+14%	$28.38	25,708	15 Nov 2021	Direct	F1, F2
transaction	ETSY	Common Stock	Sale	$82,310	-302	-1.2%	$272.55	25,406	15 Nov 2021	Direct	F1, F3
transaction	ETSY	Common Stock	Sale	$154,440	-564	-2.2%	$273.83	24,842	15 Nov 2021	Direct	F1, F4
transaction	ETSY	Common Stock	Sale	$293,879	-1,069	-4.3%	$274.91	23,773	15 Nov 2021	Direct	F1, F5
transaction	ETSY	Common Stock	Sale	$317,895	-1,151	-4.8%	$276.19	22,622	15 Nov 2021	Direct	F1, F6
transaction	ETSY	Common Stock	Sale	$242,670	-876	-3.9%	$277.02	21,746	15 Nov 2021	Direct	F1, F7
transaction	ETSY	Common Stock	Sale	$247,402	-890	-4.1%	$277.98	20,856	15 Nov 2021	Direct	F1, F8
transaction	ETSY	Common Stock	Sale	$50,745	-182	-0.87%	$278.82	20,674	15 Nov 2021	Direct	F1, F9
transaction	ETSY	Common Stock	Other	$0	+10,692		$0.000000	10,692	09 Aug 2021	By GRAT	F10

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	-3,079	-14%	$0.000000	18,291	15 Nov 2021	Common Stock	3,079	$28.38	Direct	F1, F11

* 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 10, 2021.
F2	Does not include 10,692 shares contributed by the Reporting Person to a grantor retained annuity trust ("GRAT") on August 9, 2021. See footnote 10.
F3	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $272.39 to $273.33, 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 $273.45 to $274.44, 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.
F5	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $274.46 to $275.45, 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.
F6	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $275.60 to $276.59, 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.
F7	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $276.60 to $277.54, 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.
F8	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $277.71 to $278.39, 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.
F9	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $278.73 to $279.01, 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.
F10	These shares, which were previously reported as held directly, were contributed by the Reporting Person to the GRAT on August 9, 2021. The Reporting Person is the sole trustee of the GRAT.
F11	The shares underlying the option exercised in this transaction were fully vested and exercisable. The originally granted options are exercisable in 8 equal semi-annual installments beginning on October 1, 2018, provided the Reporting Person remains continuously employed on each vesting date.