Josh Silverman - 01 Apr 2024 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
03 Apr 2024, 16:58:47 UTC
Prior SEC filing
19 Mar 2024
Next SEC filing
14 Jun 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Brittany Keen, Attorney-in-Fact for Josh Silverman

Key filing fact

Josh Silverman filed Form 4 for ETSY INC (ETSY) on 03 Apr 2024.

Key facts

  • This page summarizes Josh Silverman's Form 4 filing for ETSY INC (ETSY).
  • 7 reported transactions and 5 derivative rows are listed below.
  • Accepted by SEC: 03 Apr 2024, 16:58.

Change

  • Previous filing in this sequence was filed on 19 Mar 2024.
  • Current net transaction value: -$2,176,809.

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
+59,724
Change %
+258%
Price
$0.000000
Shares after
82,864
Date
01 Apr 2024
Ownership
Direct
Footnotes
F1
ETSY transaction

Common Stock

Tax liability

Transaction value
$2,176,809
Shares
-33,032
Change %
-40%
Price
$65.90
Shares after
49,832
Date
01 Apr 2024
Ownership
Direct
Footnotes
F2
ETSY holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
4,942
Date
01 Apr 2024
Ownership
By GST Trust
Footnotes
F3
ETSY holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
16,886
Date
01 Apr 2024
Ownership
By Non-GST Trust
Footnotes
F4
ETSY holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
42,269
Date
01 Apr 2024
Ownership
By Irrevocable Trust
ETSY holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
100,000
Date
01 Apr 2024
Ownership
By GRAT
Footnotes
F5

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
-3,101
Change %
-33%
Price
$0.000000
Shares after
6,201
Date
01 Apr 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
3,101
Exercise price
Footnotes
F6, F7
ETSY transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-7,190
Change %
-20%
Price
$0.000000
Shares after
28,758
Date
01 Apr 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
7,190
Exercise price
Footnotes
F6, F8
ETSY transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-8,654
Change %
-14%
Price
$0.000000
Shares after
51,927
Date
01 Apr 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
8,654
Exercise price
Footnotes
F6, F9
ETSY transaction Derivative

Performance Stock Units

Options Exercise

Transaction value
$0
Shares
-34,582
Change %
-50%
Price
$0.000000
Shares after
34,581
Date
01 Apr 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
34,582
Exercise price
Footnotes
F10, F11
ETSY transaction Derivative

Performance Stock Units

Options Exercise

Transaction value
$0
Shares
-6,197
Change %
-50%
Price
$0.000000
Shares after
6,197
Date
01 Apr 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
6,197
Exercise price
Footnotes
F10, 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

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.

Footnote 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.

Footnote 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.

Footnote F6

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

Footnote 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.

Footnote 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.

Footnote 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.

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, 2024 and April 1, 2025, provided the Reporting Person remains continuously employed on each vesting date and has no expiration date.

Footnote 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.

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