Toni Thompson Nadal - Feb 1, 2025 Form 4 Insider Report for ETSY INC (ETSY)

Role
CHIEF HUMAN RESOURCES OFFICER
Signature
/s/ Patrick Kavanaugh, Attorney-in-Fact
Stock symbol
ETSY
Transactions as of
Feb 1, 2025
Transactions value $
-$254,535
Form type
4
Date filed
2/4/2025, 04:45 PM
Previous filing
Oct 3, 2024
Next filing
Mar 19, 2025
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 +4.65K +785.64% $0.00 5.24K Feb 1, 2025 Direct F1
transaction ETSY Common Stock Tax liability -$99.6K -1.81K -34.6% $54.91 3.43K Feb 1, 2025 Direct F2
transaction ETSY Common Stock Sale -$155K -2.84K -82.74% $54.61 592 Feb 4, 2025 Direct F3, F4

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 -4.65K -14.29% $0.00 27.9K Feb 1, 2025 Common Stock 4.65K Direct F5, 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 the 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 were sold pursuant to a 10b5-1 trading plan adopted by the Reporting Person on March 11, 2024.
F4 The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $54.29 to $54.93 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 Reporting Person has irrevocably elected to satisfy all withholding tax due upon the delivery of shares by authorizing Etsy, Inc. to withhold a sufficient amount of shares to satisfy such tax obligation.
F6 Represents restricted stock units which correspond 1-for-1 with common stock.
F7 The restricted stock units vest in 8 equal semi-annual installments, beginning on August 1, 2024, provided the Reporting Person remains continuously employed on each vesting date.