Merilee Buckley - 01 Apr 2024 Form 4 Insider Report for ETSY INC (ETSY)

Role: CHIEF ACCOUNTING OFFICER
Signature: /s/ Brittany Keen, Attorney-in-Fact for Merilee Buckley
Issuer symbol: ETSY
Transactions as of: 01 Apr 2024
Net transactions value: -$170,957
Form type: 4
Filing time: 03 Apr 2024, 17:20:39 UTC
Previous filing: 19 Mar 2024
Next filing: 03 Jul 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ETSY	Common Stock	Options Exercise	$0	+2,616	+93%	$0.000000	5,443	01 Apr 2024	Direct	F1
transaction	ETSY	Common Stock	Tax liability	$62,276	-945	-17%	$65.90	4,498	01 Apr 2024	Direct	F2
transaction	ETSY	Common Stock	Sale	$108,682	-1,671	-37%	$65.04	2,827	03 Apr 2024	Direct	F3, 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	Ownership	Footnotes
transaction	ETSY	Restricted Stock Units	Options Exercise	$0	-721	-100%	$0.000000^*	0	01 Apr 2024	Common Stock	721	Direct	F5, F6
transaction	ETSY	Restricted Stock Units	Options Exercise	$0	-155	-33%	$0.000000	310	01 Apr 2024	Common Stock	155	Direct	F5, F7
transaction	ETSY	Restricted Stock Units	Options Exercise	$0	-899	-20%	$0.000000	3,595	01 Apr 2024	Common Stock	899	Direct	F5, F8
transaction	ETSY	Restricted Stock Units	Options Exercise	$0	-841	-14%	$0.000000	5,044	01 Apr 2024	Common Stock	841	Direct	F5, F9

* 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	Shares of common stock acquired upon the vesting of 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.
F3	These shares were sold pursuant to a 10b5-1 trading plan adopted by the Reporting Person on May 5, 2023.
F4	The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $64.84 to $65.56 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F5	Represents restricted stock units which correspond 1-for-1 with common stock.
F6	The restricted stock units vest in 8 equal semi-annual installments, beginning on October 1, 2020, 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, 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.