Nicholas Daniel - 01 Apr 2023 Form 4 Insider Report for ETSY INC (ETSY)

Role: Chief Product Officer
Signature: /s/ Brittany Keen, as Attorney-in-Fact for Nicholas Daniel
Issuer symbol: ETSY
Transactions as of: 01 Apr 2023
Net transactions value: -$322,189
Form type: 4
Filing time: 04 Apr 2023, 17:21:39 UTC
Previous filing: 17 Mar 2023
Next filing: 19 Apr 2023
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	+8,289	+250%	$0.000000	11,598	01 Apr 2023	Direct	F1
transaction	ETSY	Common Stock	Tax liability	$322,189	-2,894	-25%	$111.33	8,704	01 Apr 2023	Direct	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	Restricted Stock Units	Options Exercise	$0	-506	-100%	$0.000000^*	0	01 Apr 2023	Common Stock	506		Direct	F3, F4
transaction	ETSY	Restricted Stock Units	Options Exercise	$0	-540	-33%	$0.000000	1,081	01 Apr 2023	Common Stock	540		Direct	F3, F5
transaction	ETSY	Restricted Stock Units	Options Exercise	$0	-117	-20%	$0.000000	469	01 Apr 2023	Common Stock	117		Direct	F3, F6
transaction	ETSY	Restricted Stock Units	Options Exercise	$0	-1,573	-14%	$0.000000	9,436	01 Apr 2023	Common Stock	1,573		Direct	F3, F7
transaction	ETSY	Restricted Stock Units	Options Exercise	$0	-4,055	-12%	$0.000000	28,389	01 Apr 2023	Common Stock	4,055		Direct	F3, F8, F9
transaction	ETSY	Performance Stock Units	Options Exercise	$0	-1,498	-33%	$0.000000	2,996	01 Apr 2023	Common Stock	1,498		Direct	F10, F11, F12

* 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 and performance-based 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 and performance-based restricted stock units.
F3	Represents restricted stock units which correspond 1-for-1 with common stock.
F4	The restricted stock units vested in full on April 1, 2023.
F5	The restricted stock units vest in 4 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.
F6	The restricted stock units vest in 6 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.
F7	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.
F8	The restricted stock units vest in 8 equal semi-annual installments beginning on April 1, 2023, provided the Reporting Person remains continuously employed on each vesting date and has no expiration date.
F9	The number of restricted stock units has been adjusted to correct for an overstatement (by 2 units) of the number of restricted stock units acquired on a Form 4 filed on August 3, 2022.
F10	Represents performance-based restricted stock units which correspond 1-for-1 with common stock.
F11	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.
F12	On March 2, 2023, the Reporting Person filed a Form 4 which inadvertently reported 1,762 restricted stock units earned under a performance-based restricted stock unit award based on the Issuer's satisfaction of certain performance criteria, instead of 4,494 restricted stock units. Any remaining restricted stock units subject to the performance award will be earned only upon the satisfaction of additional performance vesting criteria. The securities beneficially owned following the reported transaction has been adjusted to reflect the correct number of performance-based restricted stock units acquired.