Nicholas Daniel - Mar 15, 2023 Form 4 Insider Report for ETSY INC (ETSY)

Signature
/s/ Brittany Keen, as Attorney-in-Fact for Nicholas Daniel
Stock symbol
ETSY
Transactions as of
Mar 15, 2023
Transactions value $
-$61,797
Form type
4
Date filed
3/17/2023, 04:51 PM
Previous filing
Mar 2, 2023
Next filing
Apr 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ETSY Common Stock Options Exercise $41.7K +1K +30.22% $41.65 4.31K Mar 15, 2023 Direct F1
transaction ETSY Common Stock Sale -$18.3K -179 -4.15% $102.14 4.13K Mar 15, 2023 Direct F1, F2
transaction ETSY Common Stock Sale -$37K -358 -8.67% $103.23 3.77K Mar 15, 2023 Direct F1, F3
transaction ETSY Common Stock Sale -$48.2K -463 -12.27% $104.12 3.31K Mar 15, 2023 Direct F1, F4

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 Award $0 +36K $0.00 36K Mar 15, 2023 Common Stock 36K Direct F5, F6, F7
transaction ETSY Stock Option (Right to Buy) Options Exercise $0 -1K -17.84% $0.00 4.6K Mar 15, 2023 Common Stock 1K $41.65 Direct F1, F8
* 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 November 8, 2022.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $101.73 to $102.29, 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.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $102.78 to $103.71, 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 $103.89 to $104.69, 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 Reporting Person has irrevocably elected to satisfy all withholding tax due upon the delivery of shares by authorizing Etsy, Inc. to withhold a sufficient amount of shares to satisfy such tax obligation.
F6 Units correspond 1-for-1 with common stock.
F7 The restricted stock units vest in 8 equal semi-annual installments, beginning on October 1, 2023, provided the Reporting Person remains continuously employed on, or becomes retirement eligible prior to, such vesting date.
F8 The shares underlying the stock option vest in 8 equal semi-annual installments, beginning on October 1, 2020, provided the Reporting Person remains continuously employed by the Issuer on each such vesting date.