Nicholas Daniel - Apr 1, 2023 Form 4 Insider Report for ETSY INC (ETSY)

Role
Chief Product Officer
Signature
/s/ Brittany Keen, as Attorney-in-Fact for Nicholas Daniel
Stock symbol
ETSY
Transactions as of
Apr 1, 2023
Transactions value $
-$322,189
Form type
4
Date filed
4/4/2023, 05:21 PM
Previous filing
Mar 17, 2023
Next filing
Apr 19, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ETSY Common Stock Options Exercise $0 +8.29K +250.5% $0.00 11.6K Apr 1, 2023 Direct F1
transaction ETSY Common Stock Tax liability -$322K -2.89K -24.95% $111.33 8.7K Apr 1, 2023 Direct F2

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 -506 -100% $0.00* 0 Apr 1, 2023 Common Stock 506 Direct F3, F4
transaction ETSY Restricted Stock Units Options Exercise $0 -540 -33.31% $0.00 1.08K Apr 1, 2023 Common Stock 540 Direct F3, F5
transaction ETSY Restricted Stock Units Options Exercise $0 -117 -19.97% $0.00 469 Apr 1, 2023 Common Stock 117 Direct F3, F6
transaction ETSY Restricted Stock Units Options Exercise $0 -1.57K -14.29% $0.00 9.44K Apr 1, 2023 Common Stock 1.57K Direct F3, F7
transaction ETSY Restricted Stock Units Options Exercise $0 -4.06K -12.5% $0.00 28.4K Apr 1, 2023 Common Stock 4.06K Direct F3, F8, F9
transaction ETSY Performance Stock Units Options Exercise $0 -1.5K -33.33% $0.00 3K Apr 1, 2023 Common Stock 1.5K Direct F10, F11, F12
* 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 the restricted stock units and performance-based 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 and performance-based restricted stock units.
F3 Represents restricted stock units which correspond 1-for-1 with common stock.
F4 The restricted stock units vested in full on April 1, 2023.
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.
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.
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.
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.
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.
F10 Represents performance-based restricted stock units which correspond 1-for-1 with common stock.
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.
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.