Nicholas Daniel - Jul 1, 2024 Form 4 Insider Report for ETSY INC (ETSY)

Role
CHIEF PRODUCT OFFICER
Signature
/s/ Brittany Keen, Attorney-in-Fact for Nicholas Daniel
Stock symbol
ETSY
Transactions as of
Jul 1, 2024
Transactions value $
-$143,230
Form type
4
Date filed
7/3/2024, 04:30 PM
Previous filing
Jun 5, 2024
Next filing
Aug 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ETSY Common Stock Options Exercise $0 +3.91K +21.49% $0.00 22.1K Jul 1, 2024 Direct F1
transaction ETSY Common Stock Tax liability -$100K -1.76K -7.95% $57.01 20.3K Jul 1, 2024 Direct F2
transaction ETSY Common Stock Sale -$35.6K -622 -3.06% $57.17 19.7K Jul 1, 2024 Direct F3, F4
transaction ETSY Common Stock Sale -$7.38K -126 -0.64% $58.61 19.6K Jul 1, 2024 Direct F3, F5
transaction ETSY Common Stock Sale -$118 -2 -0.01% $59.18 19.6K Jul 1, 2024 Direct F3

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 -3.91K -6.25% $0.00 58.6K Jul 1, 2024 Common Stock 3.91K Direct F6, F7
* 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 sales were made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 3, 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 $56.945 to $57.43 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 The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $58.54 to $58.68 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.
F6 Represents restricted stock units which correspond 1-for-1 with common stock.
F7 The restricted stock units vest in 16 equal quarterly installments, beginning on July 1, 2024, provided the Reporting Person remains continuously employed on each vesting date and has no expiration date.