Rachana Kumar - 05 Jun 2024 Form 4 Insider Report for ETSY INC (ETSY)

Role
CHIEF TECHNOLOGY OFFICER
Signature
/s/ Brittany Keen, Attorney-in-Fact for Rachana Kumar
Issuer symbol
ETSY
Transactions as of
05 Jun 2024
Net transactions value
-$19,865
Form type
4
Filing time
07 Jun 2024, 16:13:26 UTC
Previous filing
03 Apr 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 $12,495 +300 +1.5% $41.65 20,479 05 Jun 2024 Direct F1
transaction ETSY Common Stock Sale $32,360 -500 -2.4% $64.72 19,979 05 Jun 2024 Direct F1, 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 Employee Stock Option (Right to Buy) Options Exercise $0 -300 -1.4% $0.000000 21,826 05 Jun 2024 Common Stock 300 $41.65 Direct F1, F3
* 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 The reported transaction were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 6, 2024.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $64.58 to $65.15, 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.
F3 The shares underlying the stock option vest in 8 equal semi-annual installments, beginning on October 1, 2020, provided the Reporting Person remains continuously employed by the Issuer on each such vesting date.