Josh Silverman - 11 May 2022 Form 4 Insider Report for ETSY INC (ETSY)

Role: President & CEO, Director
Signature: /s/ Jennifer Card, as Attorney-in-Fact for Josh Silverman
Issuer symbol: ETSY
Transactions as of: 11 May 2022
Net transactions value: -$1,474,456
Form type: 4
Filing time: 13 May 2022, 16:17:31 UTC
Previous filing: 29 Apr 2022
Next filing: 26 May 2022
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	$221,427	+20,850	+20%	$10.62	123,557	11 May 2022	Direct	F1
transaction	ETSY	Common Stock	Sale	$277,735	-3,525	-2.9%	$78.79	120,032	11 May 2022	Direct	F1, F2
transaction	ETSY	Common Stock	Sale	$410,282	-5,153	-4.3%	$79.62	114,879	11 May 2022	Direct	F1, F3
transaction	ETSY	Common Stock	Sale	$205,578	-2,538	-2.2%	$81.00	112,341	11 May 2022	Direct	F1, F4
transaction	ETSY	Common Stock	Sale	$272,517	-3,325	-3%	$81.96	109,016	11 May 2022	Direct	F1, F5
transaction	ETSY	Common Stock	Sale	$130,442	-1,575	-1.4%	$82.82	107,441	11 May 2022	Direct	F1, F6
transaction	ETSY	Common Stock	Sale	$252,666	-3,009	-2.8%	$83.97	104,432	11 May 2022	Direct	F1, F7
transaction	ETSY	Common Stock	Sale	$111,524	-1,317	-1.3%	$84.68	103,115	11 May 2022	Direct	F1, F8
transaction	ETSY	Common Stock	Sale	$35,141	-408	-0.4%	$86.13	102,707	11 May 2022	Direct	F1, F9
holding	ETSY	Common Stock						4,942	11 May 2022	By GST Trust	F10
holding	ETSY	Common Stock						16,886	11 May 2022	By Non-GST Trust	F11
holding	ETSY	Common Stock						42,269	11 May 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	-20,850	-0.85%	$0.000000	2,442,950	11 May 2022	Common Stock	20,850	$10.62	Direct	F1, F12

* 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 $78.16 to $79.03, 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 $79.23 to $80.18, 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 $80.37 to $81.35, 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 $81.38 to $82.33, 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.
F6	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $82.385 to $83.29, 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 $83.48 to $84.38, 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 $84.52 to $84.91, 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.
F9	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $86.05 to $86.20, 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 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.
F11	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.
F12	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.