Josh Silverman - 06 Jan 2022 Form 4 Insider Report for ETSY INC (ETSY)

Signature
/s/ Brittany Keen, as Attorney-in-Fact for Josh Silverman
Issuer symbol
ETSY
Transactions as of
06 Jan 2022
Net transactions value
-$2,836,389
Form type
4
Filing time
10 Jan 2022, 16:57:41 UTC
Previous filing
28 Dec 2021
Next filing
03 Mar 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ETSY Common Stock Options Exercise $228,330 +21,500 +1628% $10.62 22,821 06 Jan 2022 Direct F1
transaction ETSY Common Stock Sale $139,416 -762 -3.3% $182.96 22,059 06 Jan 2022 Direct F1, F2
transaction ETSY Common Stock Sale $136,478 -740 -3.4% $184.43 21,319 06 Jan 2022 Direct F1, F3
transaction ETSY Common Stock Sale $157,598 -850 -4% $185.41 20,469 06 Jan 2022 Direct F1, F4
transaction ETSY Common Stock Sale $218,414 -1,172 -5.7% $186.36 19,297 06 Jan 2022 Direct F1, F5
transaction ETSY Common Stock Sale $235,650 -1,257 -6.5% $187.47 18,040 06 Jan 2022 Direct F1, F6
transaction ETSY Common Stock Sale $174,004 -923 -5.1% $188.52 17,117 06 Jan 2022 Direct F1, F7
transaction ETSY Common Stock Sale $154,915 -815 -4.8% $190.08 16,302 06 Jan 2022 Direct F1, F8
transaction ETSY Common Stock Sale $151,598 -793 -4.9% $191.17 15,509 06 Jan 2022 Direct F1, F9
transaction ETSY Common Stock Sale $608,735 -3,170 -20% $192.03 12,339 06 Jan 2022 Direct F1, F10
transaction ETSY Common Stock Sale $281,861 -1,458 -12% $193.32 10,881 06 Jan 2022 Direct F1, F11
transaction ETSY Common Stock Sale $662,484 -3,411 -31% $194.22 7,470 06 Jan 2022 Direct F1, F12
transaction ETSY Common Stock Sale $511,908 -2,621 -35% $195.31 4,849 06 Jan 2022 Direct F1, F13
transaction ETSY Common Stock Sale $513,939 -2,616 -54% $196.46 2,233 06 Jan 2022 Direct F1, F14
transaction ETSY Common Stock Sale $179,719 -912 -41% $197.06 1,321 06 Jan 2022 Direct F1, F15
transaction ETSY Common Stock Options Exercise $1,062,000 +100,000 +7570% $10.62 101,321 10 Jan 2022 Direct
holding ETSY Common Stock 4,942 06 Jan 2022 By GST Trust F16
holding ETSY Common Stock 16,886 06 Jan 2022 By Non-GST Trust F17
holding ETSY Common Stock 42,269 06 Jan 2022 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 -21,500 -0.79% $0.000000 2,685,500 06 Jan 2022 Common Stock 21,500 $10.62 Direct F1, F18
transaction ETSY Employee Stock Option (Right to Buy) Options Exercise $0 -100,000 -3.7% $0.000000 2,585,500 10 Jan 2022 Common Stock 100,000 $10.62 Direct F18
* 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 $182.73 to $183.42, 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 $183.81 to $184.79, 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 $184.92 to $185.51, 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 $185.92 to $186.91 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 $186.96 to $187.90, 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 $188.14 to $189.01, 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.
F8 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $189.55 to $190.48, 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 $190.58 to $191.47, 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 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $191.61 to $192.58, 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.
F11 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $192.64 to $193.58, 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.
F12 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $193.74 to $194.69 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.
F13 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $194.78 to $195.75, 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.
F14 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $195.90 to $196.84, 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.
F15 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $196.90 to $197.22, 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.
F16 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.
F17 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.
F18 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.

Remarks:

Exhibit List - Exhibit 24 - Power of Attorney