Josh Silverman - 01 Oct 2022 Form 4 Insider Report for ETSY INC (ETSY)

Role: President & CEO, Director
Signature: /s/ Brittany Keen, as Attorney-in-Fact for Josh Silverman
Issuer symbol: ETSY
Transactions as of: 01 Oct 2022
Net transactions value: -$569,840
Form type: 4
Filing time: 04 Oct 2022, 17:57:18 UTC
Previous filing: 22 Sep 2022
Next filing: 07 Oct 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	$0	+10,289	+10%	$0.000000	112,996	01 Oct 2022	Direct	F1
transaction	ETSY	Common Stock	Tax liability	$569,840	-5,691	-5%	$100.13	107,305	01 Oct 2022	Direct	F2
holding	ETSY	Common Stock						4,942	01 Oct 2022	By GST Trust	F3
holding	ETSY	Common Stock						16,886	01 Oct 2022	By Non-GST Trust	F4
holding	ETSY	Common Stock						42,269	01 Oct 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	Restricted Stock Units	Options Exercise	$0	-3,100	-17%	$0.000000	15,503	01 Oct 2022	Common Stock	3,100		Direct	F5, F6
transaction	ETSY	Restricted Stock Units	Options Exercise	$0	-7,189	-12%	$0.000000	50,327	01 Oct 2022	Common Stock	7,189		Direct	F5, 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	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.
F4	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.
F5	Represents restricted stock units which correspond 1-for-1 with common stock.
F6	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.
F7	The restricted stock units vest in 8 equal semi-annual installments, beginning on October 1, 2022, provided the Reporting Person remains continuously employed on each vesting date and has no expiration date.