Josh Silverman - 01 Jan 2025 Form 4 Insider Report for ETSY INC (ETSY)

Signature
/s/ Brittany Keen, Attorney-in-Fact
Issuer symbol
ETSY
Transactions as of
01 Jan 2025
Net transactions value
-$165,175
Form type
4
Filing time
03 Jan 2025, 16:55:36 UTC
Previous filing
03 Oct 2024
Next filing
26 Feb 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ETSY Common Stock Options Exercise $0 +7,303 +886% $0.000000 8,127 01 Jan 2025 Direct F1, F2
transaction ETSY Common Stock Tax liability $165,175 -3,123 -38% $52.89 5,004 01 Jan 2025 Direct F3
holding ETSY Common Stock 4,942 01 Jan 2025 By GST Trust F4
holding ETSY Common Stock 16,886 01 Jan 2025 By Non-GST Trust F5
holding ETSY Common Stock 42,269 01 Jan 2025 By Irrevocable Trust
holding ETSY Common Stock 164,000 01 Jan 2025 By GRAT F2, F6

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 -7,303 -7.1% $0.000000 94,931 01 Jan 2025 Common Stock 7,303 Direct F7, F8
* 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.
F2 The total amount of securities beneficially owned following the reported transaction reflects the transfer of 64,000 shares of common stock of the Issuer by the Reporting Person to the Reporting Person's Grantor Retained Annuity Trust (the "GRAT") initiated on November 13, 2024. Such shares were previously reported as held directly and are now held indirectly as reflected herein.
F3 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.
F4 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.
F5 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.
F6 These shares are held by the GRAT. The Reporting Person is the trustee and the beneficiary of the GRAT.
F7 Represents restricted stock units which correspond 1-for-1 with common stock.
F8 The restricted stock units vest in 16 equal quarterly installments, beginning on July 1, 2024, provided the Reporting Person remains continuously employed on, or becomes retirement eligible prior to, such vesting date and has no expiration date.