Josh Silverman - Feb 27, 2024 Form 4 Insider Report for ETSY INC (ETSY)

Role
PRESIDENT & CEO, Director
Signature
/s/ Brittany Keen, as Attorney-in-Fact for Josh Silverman
Stock symbol
ETSY
Transactions as of
Feb 27, 2024
Transactions value $
-$3,901,348
Form type
4
Date filed
2/29/2024, 04:38 PM
Previous filing
Oct 27, 2023
Next filing
Mar 7, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ETSY Common Stock Options Exercise $670K +63K +272.46% $10.62* 86.2K Feb 27, 2024 Direct F1
transaction ETSY Common Stock Sale -$4.57M -63K -73.15% $72.50 23.1K Feb 27, 2024 Direct F1
holding ETSY Common Stock 4.94K Feb 27, 2024 By GST Trust F2
holding ETSY Common Stock 16.9K Feb 27, 2024 By Non-GST Trust F3
holding ETSY Common Stock 42.3K Feb 27, 2024 By Irrevocable Trust
holding ETSY Common Stock 100K Feb 27, 2024 By GRAT 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 Employee Stock Option (Right to Buy) Options Exercise $0 -63K -3.57% $0.00 1.7M Feb 27, 2024 Common Stock 63K $10.62 Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 This exercise and subsequent sale was made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 3, 2023.
F2 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.
F3 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.
F4 These shares are held by a grantor retained annuity trust (the "GRAT"). The Reporting Person is the trustee and the beneficiary of the GRAT.
F5 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.