Josh Silverman - Mar 5, 2025 Form 4 Insider Report for ETSY INC (ETSY)

Signature
/s/ Patrick Kavanaugh, Attorney-in-Fact
Stock symbol
ETSY
Transactions as of
Mar 5, 2025
Transactions value $
$0
Form type
4
Date filed
3/7/2025, 04:30 PM
Previous filing
Feb 26, 2025
Next filing
Mar 19, 2025

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 Performance Stock Unit Award $0 +9.05K $0.00 9.05K Mar 5, 2025 Common Stock 9.05K Direct F1, F2, F3
transaction ETSY Performance Stock Unit Award $0 +64.8K $0.00 64.8K Mar 5, 2025 Common Stock 64.8K Direct F1, F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 Units correspond 1-for-1 with common stock.
F3 Represents the number of units earned under a performance-based restricted stock unit ("PSU") award based on the Issuer's satisfaction of certain performance criteria of the award. Each PSU represents the contingent right to receive one share of common stock of the Issuer. In light of the performance-based conditions of the PSU award, such shares were not reportable under Section 16 until the performance conditions were certified by the Issuer's Compensation Committee as achieved (which occurred on March 5, 2025). The earned shares will vest in full on April 1, 2025, subject to the Reporting Person remaining continuously employed through the vesting date.
F4 Represents the number of shares earned under a PSU award based on the Issuer's satisfaction of certain performance criteria of the award. Each PSU represents the contingent right to receive one share of common stock of the Issuer. In light of the performance-based conditions of the PSU award, such shares were not reportable under Section 16 until the performance conditions were certified by the Issuer's Compensation Committee as achieved (which occurred on March 5, 2025). The earned shares will vest in equal installments on each of April 1, 2025 and April 1, 2026, subject to the Reporting Person remaining continuously employed through each vesting date. The earned shares reported on this form represent 75% of the total number of shares subject to the PSU award. The remaining 25% of the shares subject to the PSU award will be earned upon the satisfaction of additional performance vesting criteria through the end of the applicable performance period.