Josh Silverman - Dec 23, 2021 Form 4 Insider Report for ETSY INC (ETSY)

Role: President & CEO, Director
Signature: /s/ Brigitte Eichner, as Attorney-in-Fact for Josh Silverman
Stock symbol: ETSY
Transactions as of: Dec 23, 2021
Transactions value $: -$6,962,440
Form type: 4
Date filed: 12/28/2021, 04:48 PM
Previous filing: Dec 13, 2021
Next filing: Jan 10, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ETSY	Common Stock	Options Exercise	$345K	+32.5K	+2460.26%	$10.62	33.8K	Dec 23, 2021	Direct	F1
transaction	ETSY	Common Stock	Sale	-$936K	-4.22K	-12.46%	$221.96	29.6K	Dec 23, 2021	Direct	F1, F2
transaction	ETSY	Common Stock	Sale	-$456K	-2.04K	-6.9%	$223.25	27.6K	Dec 23, 2021	Direct	F1, F3
transaction	ETSY	Common Stock	Sale	-$965K	-4.31K	-15.63%	$224.14	23.3K	Dec 23, 2021	Direct	F1, F4
transaction	ETSY	Common Stock	Sale	-$3.58M	-15.9K	-68.38%	$225.12	7.35K	Dec 23, 2021	Direct	F1, F5
transaction	ETSY	Common Stock	Sale	-$353K	-1.56K	-21.24%	$225.97	5.79K	Dec 23, 2021	Direct	F1, F6
transaction	ETSY	Common Stock	Sale	-$631K	-2.78K	-47.91%	$227.33	3.02K	Dec 23, 2021	Direct	F1, F7
transaction	ETSY	Common Stock	Sale	-$387K	-1.7K	-56.21%	$228.12	1.32K	Dec 23, 2021	Direct	F1, F8
holding	ETSY	Common Stock						4.94K	Dec 23, 2021	By GST Trust	F9
holding	ETSY	Common Stock						16.9K	Dec 23, 2021	By Non-GST Trust	F10
holding	ETSY	Common Stock						42.3K	Dec 23, 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	-32.5K	-1.19%	$0.00	2.71M	Dec 23, 2021	Common Stock	32.5K	$10.62	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 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 $221.55 to $222.42, 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 $222.66 to $223.65, 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 $223.69 to $224.67, 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 $224.69 to $225.68 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 $225.70 to $226.69, 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 $226.73 to $227.70, 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 $227.73 to $228.32, 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	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.
F10	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.
F11	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.