Josh Silverman - 01 Jul 2024 Form 4 Insider Report for ETSY INC (ETSY)

Signature
/s/ Brittany Keen, Attorney-in-Fact
Issuer symbol
ETSY
Transactions as of
01 Jul 2024
Transactions value $
-$230,263
Form type
4
Filing time
03 Jul 2024, 16:30:19 UTC
Previous filing
14 Jun 2024
Next filing
03 Oct 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ETSY Common Stock Options Exercise $0 +7.3K +14.65% $0.00 57.1K 01 Jul 2024 Direct F1
transaction ETSY Common Stock Tax liability -$230K -4.04K -7.07% $57.01 53.1K 01 Jul 2024 Direct F2
holding ETSY Common Stock 4.94K 01 Jul 2024 By GST Trust F3
holding ETSY Common Stock 16.9K 01 Jul 2024 By Non-GST Trust F4
holding ETSY Common Stock 42.3K 01 Jul 2024 By Irrevocable Trust
holding ETSY Common Stock 100K 01 Jul 2024 By GRAT F5

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 -7.3K -6.25% $0.00 110K 01 Jul 2024 Common Stock 7.3K Direct F6, F7
* 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 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 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.
F4 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.
F5 These shares are held by a grantor retained annuity trust (the "GRAT"). The Reporting Person is the trustee and the beneficiary of the GRAT.
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.