Josh Silverman - Apr 13, 2022 Form 4 Insider Report for ETSY INC (ETSY)

Signature
/s/ Jennifer Card, as Attorney-in-Fact for Josh Silverman
Stock symbol
ETSY
Transactions as of
Apr 13, 2022
Transactions value $
-$2,208,518
Form type
4
Date filed
4/15/2022, 04:18 PM
Previous filing
Apr 5, 2022
Next filing
Apr 29, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ETSY Common Stock Options Exercise $221K +20.9K +20.3% $10.62 124K Apr 13, 2022 Direct F1
transaction ETSY Common Stock Sale -$68.2K -610 -0.49% $111.84 123K Apr 13, 2022 Direct F1, F2
transaction ETSY Common Stock Sale -$88.3K -777 -0.63% $113.66 122K Apr 13, 2022 Direct F1, F3
transaction ETSY Common Stock Sale -$302K -2.64K -2.16% $114.48 120K Apr 13, 2022 Direct F1, F4
transaction ETSY Common Stock Sale -$215K -1.86K -1.56% $115.46 118K Apr 13, 2022 Direct F1, F5
transaction ETSY Common Stock Sale -$444K -3.81K -3.23% $116.68 114K Apr 13, 2022 Direct F1, F6
transaction ETSY Common Stock Sale -$1.2M -10.2K -8.94% $117.56 104K Apr 13, 2022 Direct F1, F7
transaction ETSY Common Stock Sale -$116K -977 -0.94% $118.30 103K Apr 13, 2022 Direct F1, F8
holding ETSY Common Stock 4.94K Apr 13, 2022 By GST Trust F9
holding ETSY Common Stock 16.9K Apr 13, 2022 By Non-GST Trust F10
holding ETSY Common Stock 42.3K Apr 13, 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 -20.9K -0.83% $0.00 2.48M Apr 13, 2022 Common Stock 20.9K $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 March 7, 2022.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $111.54 to $112.325, 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 $112.84 to $113.83, 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 $113.94 to $114.89, 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 $114.96 to $115.885, 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 $116.00 to $116.99, 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 $117.005 to $117.985, 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 $118.02 to $118.545, 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.