Josh Silverman - Apr 1, 2024 Form 4 Insider Report for ETSY INC (ETSY)

Role
PRESIDENT & CEO, Director
Signature
/s/ Brittany Keen, Attorney-in-Fact for Josh Silverman
Stock symbol
ETSY
Transactions as of
Apr 1, 2024
Transactions value $
-$2,176,809
Form type
4
Date filed
4/3/2024, 04:58 PM
Previous filing
Mar 19, 2024
Next filing
Jun 14, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ETSY Common Stock Options Exercise $0 +59.7K +258.1% $0.00 82.9K Apr 1, 2024 Direct F1
transaction ETSY Common Stock Tax liability -$2.18M -33K -39.86% $65.90 49.8K Apr 1, 2024 Direct F2
holding ETSY Common Stock 4.94K Apr 1, 2024 By GST Trust F3
holding ETSY Common Stock 16.9K Apr 1, 2024 By Non-GST Trust F4
holding ETSY Common Stock 42.3K Apr 1, 2024 By Irrevocable Trust
holding ETSY Common Stock 100K Apr 1, 2024 By GRAT F5

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 -3.1K -33.34% $0.00 6.2K Apr 1, 2024 Common Stock 3.1K Direct F6, F7
transaction ETSY Restricted Stock Units Options Exercise $0 -7.19K -20% $0.00 28.8K Apr 1, 2024 Common Stock 7.19K Direct F6, F8
transaction ETSY Restricted Stock Units Options Exercise $0 -8.65K -14.29% $0.00 51.9K Apr 1, 2024 Common Stock 8.65K Direct F6, F9
transaction ETSY Performance Stock Units Options Exercise $0 -34.6K -50% $0.00 34.6K Apr 1, 2024 Common Stock 34.6K Direct F10, F11
transaction ETSY Performance Stock Units Options Exercise $0 -6.2K -50% $0.00 6.2K Apr 1, 2024 Common Stock 6.2K Direct F10, 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 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.
F4 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.
F5 These shares are held by a grantor retained annuity trust (the "GRAT"). The Reporting Person is the trustee and the beneficiary of the GRAT.
F6 Represents restricted stock units which correspond 1-for-1 with common stock.
F7 The restricted stock units vest in 8 equal semi-annual installments, beginning on October 1, 2021, 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 October 1, 2022, provided the Reporting Person remains continuously employed on each vesting date and has no expiration date.
F9 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.
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, 2024 and April 1, 2025, provided the Reporting Person remains continuously employed on each vesting date and has no expiration date.
F12 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.