Josh Silverman - Jan 1, 2025 Form 4 Insider Report for ETSY INC (ETSY)

Signature
/s/ Brittany Keen, Attorney-in-Fact
Stock symbol
ETSY
Transactions as of
Jan 1, 2025
Transactions value $
-$165,175
Form type
4
Date filed
1/3/2025, 04:55 PM
Previous filing
Oct 3, 2024
Next filing
Feb 26, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ETSY Common Stock Options Exercise $0 +7.3K +886.29% $0.00 8.13K Jan 1, 2025 Direct F1, F2
transaction ETSY Common Stock Tax liability -$165K -3.12K -38.43% $52.89 5K Jan 1, 2025 Direct F3
holding ETSY Common Stock 4.94K Jan 1, 2025 By GST Trust F4
holding ETSY Common Stock 16.9K Jan 1, 2025 By Non-GST Trust F5
holding ETSY Common Stock 42.3K Jan 1, 2025 By Irrevocable Trust
holding ETSY Common Stock 164K Jan 1, 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 -7.3K -7.14% $0.00 94.9K Jan 1, 2025 Common Stock 7.3K 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.