Josh Silverman - 07 Dec 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: 07 Dec 2022
Net transactions value: -$2,507,376
Form type: 4
Filing time: 09 Dec 2022, 15:58:50 UTC
Previous filing: 18 Nov 2022
Next filing: 22 Dec 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	+19%	$10.62	128,155	07 Dec 2022	Direct	F1
transaction	ETSY	Common Stock	Sale	$122,223	-951	-0.74%	$128.52	127,204	07 Dec 2022	Direct	F1, F2
transaction	ETSY	Common Stock	Sale	$434,407	-3,347	-2.6%	$129.79	123,857	07 Dec 2022	Direct	F1, F3
transaction	ETSY	Common Stock	Sale	$1,506,464	-11,527	-9.3%	$130.69	112,330	07 Dec 2022	Direct	F1, F4
transaction	ETSY	Common Stock	Sale	$371,008	-2,822	-2.5%	$131.47	109,508	07 Dec 2022	Direct	F1, F5
transaction	ETSY	Common Stock	Sale	$139,729	-1,054	-0.96%	$132.57	108,454	07 Dec 2022	Direct	F1, F6
transaction	ETSY	Common Stock	Sale	$32,050	-239	-0.22%	$134.10	108,215	07 Dec 2022	Direct	F1, F7
transaction	ETSY	Common Stock	Sale	$122,923	-910	-0.84%	$135.08	107,305	07 Dec 2022	Direct	F1, F8
holding	ETSY	Common Stock						4,942	07 Dec 2022	By GST Trust	F9
holding	ETSY	Common Stock						16,886	07 Dec 2022	By Non-GST Trust	F10
holding	ETSY	Common Stock						42,269	07 Dec 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	-0.96%	$0.000000	2,151,050	07 Dec 2022	Common Stock	20,850	$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 $128.02 to $128.96, 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 $129.095 to $130.085, 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 $130.145 to $131.12, 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 $131.16 to $132.09, 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 $132.17 to $133.01, 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.
F7	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $133.375 to $134.36, 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 $134.61 to $135.535, 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	These stock options are part of a grant that vested as to 25% on May 4, 2018 with the remainder vesting in 36 equal monthly installments subject to continued service on each vesting date.