Kruti Patel - Apr 1, 2022 Form 4 Insider Report for ETSY INC (ETSY)

Role: Chief Product Officer
Signature: /s/ Jennifer Card, as Attorney-in-Fact for Kruti Patel Goyal
Stock symbol: ETSY
Transactions as of: Apr 1, 2022
Transactions value $: -$723,042
Form type: 4
Date filed: 4/5/2022, 05:36 PM
Previous filing: Mar 17, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ETSY	Common Stock	Options Exercise	$0	+11.5K	+59.06%	$0.00	31K	Apr 1, 2022	Direct	F1
transaction	ETSY	Common Stock	Tax liability	-$723K	-5.69K	-18.33%	$127.05	25.4K	Apr 1, 2022	Direct	F2
holding	ETSY	Common Stock						10.7K	Apr 1, 2022	By GRAT

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	Restricted Stock Units	Options Exercise	$0	-4.16K	-100%	$0.00^*	0	Apr 1, 2022	Common Stock	4.16K		Direct	F3, F4
transaction	ETSY	Restricted Stock units	Options Exercise	$0	-2.02K	-33.33%	$0.00	4.05K	Apr 1, 2022	Common Stock	2.02K		Direct	F3, F5
transaction	ETSY	Restricted Stock Units	Options Exercise	$0	-4.05K	-20%	$0.00	16.2K	Apr 1, 2022	Common Stock	4.05K		Direct	F3, F6
transaction	ETSY	Restricted Stock Units	Options Exercise	$0	-1.29K	-14.29%	$0.00	7.75K	Apr 1, 2022	Common Stock	1.29K		Direct	F3, F7

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

Explanation of Responses:

Id	Content
F1	Shares of common stock acquired upon the vesting of restricted stock units.
F2	This transaction reported represents the withholding of shares by the Issuer to satisfy the Reporting Person's tax withholding obligations in connection with the vesting and settlement of the restricted stock units.
F3	Represents restricted stock units which correspond 1-for-1 with common stock.
F4	The restricted stock units vest in 8 equal semi-annual installments, beginning on October 1, 2018, provided the Reporting Person remains continuously employed on each vesting date and has no expiration date.
F5	The restricted stock units vest in 8 equal semi-annual installments, beginning on October 1, 2019, provided the Reporting Person remains continuously employed on each vesting date and has no expiration date.
F6	The restricted stock units vest in 8 equal semi-annual installments, beginning on October 1, 2020, provided the Reporting Person remains continuously employed on each vesting date and has no expiration date.
F7	The restricted stock units vest in 8 equal semi-annual installments, beginning on October 1, 2021, provided the Reporting Person remains continuously employed on each vesting date and has no expiration date.