Nicholas Daniel - 01 Apr 2023 Form 4 Insider Report for ETSY INC (ETSY)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
04 Apr 2023, 17:21:39 UTC
Prior SEC filing
17 Mar 2023
Next SEC filing
19 Apr 2023
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Brittany Keen, as Attorney-in-Fact for Nicholas Daniel

Key filing fact

Nicholas Daniel filed Form 4 for ETSY INC (ETSY) on 04 Apr 2023.

Key facts

  • This page summarizes Nicholas Daniel's Form 4 filing for ETSY INC (ETSY).
  • 8 reported transactions and 6 derivative rows are listed below.
  • Accepted by SEC: 04 Apr 2023, 17:21.

Change

  • Previous filing in this sequence was filed on 17 Mar 2023.
  • Current net transaction value: -$322,189.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

ETSY transaction

Common Stock

Options Exercise

Transaction value
$0
Shares
+8,289
Change %
+250%
Price
$0.000000
Shares after
11,598
Date
01 Apr 2023
Ownership
Direct
Footnotes
F1
ETSY transaction

Common Stock

Tax liability

Transaction value
$322,189
Shares
-2,894
Change %
-25%
Price
$111.33
Shares after
8,704
Date
01 Apr 2023
Ownership
Direct
Footnotes
F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

ETSY transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-506
Change %
-100%
Price
$0.000000*
Shares after
0
Date
01 Apr 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
506
Exercise price
Footnotes
F3, F4
ETSY transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-540
Change %
-33%
Price
$0.000000
Shares after
1,081
Date
01 Apr 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
540
Exercise price
Footnotes
F3, F5
ETSY transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-117
Change %
-20%
Price
$0.000000
Shares after
469
Date
01 Apr 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
117
Exercise price
Footnotes
F3, F6
ETSY transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-1,573
Change %
-14%
Price
$0.000000
Shares after
9,436
Date
01 Apr 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
1,573
Exercise price
Footnotes
F3, F7
ETSY transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-4,055
Change %
-12%
Price
$0.000000
Shares after
28,389
Date
01 Apr 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
4,055
Exercise price
Footnotes
F3, F8, F9
ETSY transaction Derivative

Performance Stock Units

Options Exercise

Transaction value
$0
Shares
-1,498
Change %
-33%
Price
$0.000000
Shares after
2,996
Date
01 Apr 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
1,498
Exercise price
Footnotes
F10, F11, F12
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 12 footnotes

Footnote F1

Shares of common stock acquired upon the vesting of the restricted stock units and performance-based restricted stock units.

Footnote 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 and performance-based restricted stock units.

Footnote F3

Represents restricted stock units which correspond 1-for-1 with common stock.

Footnote F4

The restricted stock units vested in full on April 1, 2023.

Footnote F5

The restricted stock units vest in 4 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.

Footnote F6

The restricted stock units vest in 6 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.

Footnote 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.

Footnote F8

The restricted stock units vest in 8 equal semi-annual installments beginning on April 1, 2023, provided the Reporting Person remains continuously employed on each vesting date and has no expiration date.

Footnote F9

The number of restricted stock units has been adjusted to correct for an overstatement (by 2 units) of the number of restricted stock units acquired on a Form 4 filed on August 3, 2022.

Footnote F10

Represents performance-based restricted stock units which correspond 1-for-1 with common stock.

Footnote F11

The earned performance-based restricted stock units vest in equal installments on each of April 1, 2023, 2024 and 2025, provided the Reporting Person remains continuously employed on each vesting date and has no expiration date.

Footnote F12

On March 2, 2023, the Reporting Person filed a Form 4 which inadvertently reported 1,762 restricted stock units earned under a performance-based restricted stock unit award based on the Issuer's satisfaction of certain performance criteria, instead of 4,494 restricted stock units. Any remaining restricted stock units subject to the performance award will be earned only upon the satisfaction of additional performance vesting criteria. The securities beneficially owned following the reported transaction has been adjusted to reflect the correct number of performance-based restricted stock units acquired.

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